When Sean's Riding Lawn Mower Stopped Working,he Contacted the Local

question 13

Multiple Choice

When Sean's riding lawn mower stopped working,he contacted the local John Deere dealer.The John Deere dealer sent a representative to Sean's house to pick up the mower and take it to the shop for repairs.Once the mower was fixed,a John Deere representative returned the machine to Sean's house.Which service output demand is the John Deere dealer most likely addressing?

• A) information sharing
• B) product variety
• C) bulk breaking
• D) waiting time
• E) spatial convenience

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Definitions:

Administrative Cost

Refers to expenses related to the general operation of a business, including office supplies, management salaries, and other non-production related costs.

Equilibrium Pricing

The point at which the supply of a product matches demand, setting the market price.

Deadweight Loss

A loss in economic efficiency that can occur when equilibrium for a good or a service is not achieved or is not achievable.

Imposition

The act of establishing or applying something by authority or force, often referring to taxes, duties, or policies.