A Company with a High Level of Efficiency and Effectiveness

question 104

Multiple Choice

A company with a high level of efficiency and effectiveness is most likely to produce:

• A) a product that customers want, but that is too expensive for them to buy.
• B) a product that customers want at a quality and price they can afford.
• C) a product that is inexpensive and nondurable.
• D) a high-quality product that has limited utility for customers.
• E) a product that requires customers to invest in expensive service packages.

---

Definitions:

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing one option over another.

Self-Employed Lawyer

A legal professional who operates their own legal practice rather than working as an employee for a law firm or corporation.

Varies

Describes how something changes or differs across different situations, locations, or points in time.

Time

A continuum that lacks spatial dimensions and in which events occur in apparently irreversible succession from the past, through the present, into the future.