Table 3-2 -Refer to Table 3-2.What Is the Opportunity Cost of 1

question 99

Multiple Choice

Table 3-2

-Refer to Table 3-2.What is the opportunity cost of 1 kilogram of potatoes for the farmer?

• A)8 hours of labour
• B)2 hours of labour
• C)4 kilograms of meat
• D)1/4 kilogram of meat

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Definitions:

Wholesaler-Sponsored Voluntary Chains

Networks of independent retailers that voluntarily organize under a wholesaler to achieve economies of scale and marketing advantages.

Manufacturer-Sponsored Retail Franchise System

A retail model where manufacturers support and brand franchise stores, allowing them to sell their products exclusively.

Service-Sponsored Retail Franchise System

A franchising partnership where the franchisee offers services guided and branded by the franchisor, typically seen in sectors like hotels, car rentals, and fast food.

Administered Vertical Marketing System

A coordinated marketing strategy where a single member of the supply chain manages the promotion and distribution of products, without formal agreement.