CUTCO Is an Example of a Company That Concentrates on __________

question 5

Multiple Choice

CUTCO is an example of a company that concentrates on __________ to achieve its economy of scale in cutlery and related implements.

• A) distribution
• B) direct sales
• C) franchising with college students
• D) manufacturing
• E) all of the above

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Definitions:

Marginal Social Benefit

The additional benefit to society as a whole from the production or consumption of one more unit of a good or service.

Security Guard

A person employed to protect property, assets, or individuals, often through surveillance, patrolling, and enforcing safety protocols.

Public Safety

The protection of citizens from significant danger, injury, damage, or harm, provided by governmental organizations and agencies.

Efficient Price

The price at which the quantity of goods supplied is equal to the quantity of goods demanded, leading to an optimal allocation of resources.