Which of the Following Is NOT a Reason Why Supply

question 194

Multiple Choice

Which of the following is NOT a reason why supply curves generally slope upward?  

• A) because producers are willing to offer more of a good at higher prices 
• B) because a higher price attracts resources from less-valued uses 
• C) because producers must be compensated for the rising opportunity cost of additional output 
• D) because the price of a good usually must fall to induce an increase in quantity supplied

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Definitions:

Outsourcing

The act of hiring third-party vendors to perform services or create goods that traditionally were performed in-house, as a strategy to focus on core business activities.

Rightsizing

The process of adjusting a company's workforce to its optimal size, often involving layoffs or restructuring.

Systematic Change

A long-term strategy that changes the organization's culture and attitudes, and employees' values, with the goals of reducing costs and enhancing quality.

Time Horizon

The length of time over which an investment, project, or strategic decision is expected to unfold or achieve certain goals.