Table 27 Table 2

question 63

Multiple Choice

Table 2.7 Table 2.7 shows the output per day of two pet groomers, Tammi and Horace.They can either devote their time to grooming dogs or bathing cats.
-Refer to Table 2.7.What is Horace's opportunity cost of bathing a cat?

• A)Half a groomed dog
• B)Two groomed dogs
• C)Two-thirds of a groomed dog
• D)One and a half groomed dogs

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Definitions:

Near-Sourcing

The practice of transferring a business operation or project closer to where it is consumed or where the product is sold, aiming to reduce transportation costs and time.

Intermodal Transportation

The movement of goods in one and the same loading unit or vehicle by successive modes of transport without handling the goods themselves in changing modes.

Contract Carrier

A transportation service provider for hire that enters into an agreement with specific customers to transport goods or passengers.

Push Strategy

A marketing approach where a company "pushes" its products to consumers through advertising and promotion strategies.