Wes Is Always Looking for the Ultimate in Everything: the Best

question 46

Multiple Choice

Wes is always looking for the ultimate in everything: the best burger,the best movie,the best smartphone.He likes to think that he holds himself to similar high standards.According to research studies,Wes would be considered a ____.

• A)satisficer
• B)maximizer
• C)minimizer
• D)utilitarian

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Definitions:

Fixed Costs

Expenses that remain constant regardless of the amount of output or sales, like lease payments, wages, and premiums.

Peak-period Capacity

The maximum output a business can produce in a short period when demand is the highest, often requiring efficient use of resources.

Fabrication Department

A specialized section of a manufacturing company where raw materials are assembled, shaped, or processed into finished goods.

Logistics Department

A segment within a company responsible for managing the efficient flow of goods, services, and information from point of origin to point of consumption to meet customer requirements.