Jackie,the Local Toy Store Manager,has Over-Ordered Skateboards for the Holiday

question 11

Multiple Choice

Jackie,the local toy store manager,has over-ordered skateboards for the holiday season.What is most likely her reasoning for this tactic?

• A)She wants to create jobs for skateboard manufacturers.
• B)She wants to build more storage space.
• C)She wants to tie up money in inventory.
• D)She is preparing for a large sale and does not want to run out.

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Definitions:

Manifest

A detailed list or document showing the cargo, passengers, or equipment being loaded on a ship, airplane, or other vehicle.

Equilibrium Price

The equilibrium price where the supply of goods matches the demand for goods in the market.

Binding Price Ceiling

A legally established maximum price for a good or service that is lower than the equilibrium price, leading to shortages.

Price Floor

A government or regulatory-imposed minimum price below which a good or service cannot legally be sold, intended to protect producers.