Suppose the Cost to Tim of a Third Glass of Soda

question 133

Multiple Choice

Suppose the cost to Tim of a third glass of soda is zero because he's at a restaurant that gives free refills. According to the Cost-Benefit Principle Tim should:

• A) drink a third glass of soda.
• B) drink a third glass of soda if the benefit of doing so is positive.
• C) drink a third glass of soda if his benefit from drinking his second glass of soda was positive.
• D) not drink a third glass of soda.

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Definitions:

Public Relations

The practice of managing and disseminating information from an individual or an organization to the public to influence their perception.

Personal Selling

A direct approach to selling in which a salesperson personally communicates with potential customers to persuade them to purchase a product or service.

SWOT Analysis

A tool for strategic planning that helps in recognizing and comprehending the strengths, weaknesses, opportunities, and threats associated with business competition or the planning of a project.

Threat

A potential cause of harm or adverse effect on someone or something, often used in the context of security, business, or environmental issues.