Table 2-10 Table 2-10 Shows the Output Per Day of Two Pet

question 41

Multiple Choice

Table 2-10

Table 2-10 shows the output per day of two pet groomers, Tammi and Horace. They can either devote their time to grooming dogs or bathing cats.
-Refer to Table 2-10.What is Horace's opportunity cost of bathing a cat?

• A)half a groomed dog
• B)two groomed dogs
• C)two-thirds of a groomed dog
• D)one and a half groomed dogs

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Definitions:

Product Differentiation

The process of distinguishing a product or service from others, to make it more attractive to a particular target market.

Customization

The process of modifying products or services to meet the specific requests or requirements of individual customers.

Postponement

A strategy in supply chain management involving delaying product customization or distribution until customer orders are received to reduce inventory costs.

Demand Variability

Fluctuations in customer demand over a period, impacting inventory levels and production planning.