-Using the Above Table, the National Income (NI) for the Country

question 77

Multiple Choice

-Using the above table, the National Income (NI) for the country is

• A) 338.
• B) 228.
• C) 318.
• D) 662.

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Definitions:

Centre-of-Gravity

A geographical strategy tool used in supply chain management to determine the best location for facilities by minimizing transportation costs.

Factor Rating

A quantitative decision-making technique used in operations management for evaluating alternative options or locations by assigning weights to various factors based on their importance.

Crossover Analysis

A method used to determine the point at which two different strategies result in the same cost or outcome, helping in decision-making.

Break-even Analysis

An analysis aimed at identifying the moment when income matches the expenses incurred to generate that income.