A Retailer Opened 10 New Home Appliance Stores

question 83

Multiple Choice

A retailer opened 10 new home appliance stores.The same resources could have been used to expand its 15 existing stores into category killer stores.While the retailer earned $600,000 last year,it figures it could have earned $1,000,000 if it went with the larger store alternative.Its opportunity costs last year were ________.

• A) $400,000
• B) $600,000
• C) $1,600,000
• D) The answer cannot be determined based on the information provided.

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Definitions:

Competitive Advantage

A condition or circumstance that puts a company in a favorable or superior business position compared to its competitors.

Organizational Success

The achievement of the set goals and objectives of an organization, often measured by financial performance, market share, and other key indicators.

Postmyocardial Depression

Emotional or psychological depression that can occur after experiencing a myocardial infarction (heart attack).

Cardiac Rehabilitation

A customized program of exercise, education, and support to help patients recover after a heart attack, surgery, or other heart conditions.