Scenario: A shoe manufacturer has factories in two countries, Country X and Country Y. Shoe manufacturing involves two main tasks-designing the shoe and stitching it. The value added per hour in each activity by workers in the two countries is shown in the table below.
-Refer to the scenario above.The opportunity cost per dollar of value added in stitching shoes by workers in Country Y is ________.
Definitions:
Environmental Regulations
The laws designed to protect the natural environment against undue harm by individuals and organizations.
Lose Revenue
The process where a business experiences a decrease in income, typically due to lower sales or services rendered.
Stakeholder Responsibility
The obligations an organization has to its stakeholders, those who can affect or are affected by a firm’s actions.
Social Marketing
The application of marketing principles to influence behaviors that benefit individuals and communities for greater social good.
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