Mountain Equipment Co-Op Is Adding New Stores in the Next

question 26

Multiple Choice

Mountain Equipment Co-op is adding new stores in the next several years. What kind of decision-making are they doing?

• A)strategic decision-making
• B)tactical decision-making
• C)planning decision-making
• D)short-term decision-making

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Definitions:

Fewer Inputs

Utilizing a smaller amount of resources or factors of production to achieve a particular output.

Specialization

A process wherein individuals or businesses focus on producing a limited range of goods or services to gain greater efficiency and productivity.

Trade

The swapping of goods, services, or both among two or more entities.

Opportunity Cost

The loss incurred from potential opportunities when one choice is made over others.