Figure 3-11 -In Figure 3-11,suppose D₁ and S₁ Indicate Initial Conditions in Indicate

question 307

Multiple Choice

Figure 3-11

-In Figure 3-11,suppose D₁ and S₁ indicate initial conditions in the market for kitchen cabinets.Which of the following would tend to cause the supply curve to shift from S₁ to S₂?

• A)the invention of "folding" plates and cups that take up substantially less storage space in the kitchen
• B)a decrease in consumer income
• C)a decrease in the price of wood,a resource used to produce kitchen cabinets
• D)an increase in the price of steel hinges,a resource used to produce kitchen cabinets

Recognize the importance of continuous evaluation of performance metrics.

Understand the concepts and components of a balanced scorecard.

Identify the role and construction of performance metrics and targets within organizational strategy.

Differentiate between leading and lagging indicators.