Suppose That a Typical German Factory Can Produce 20 Cameras

question 74

Multiple Choice

Suppose that a typical German factory can produce 20 cameras or 1 computer in an hour, and that a typical American factory can produce 10 cameras or one computer in an hour. The opportunity cost of 20 cameras in terms of computers in the United States is

• A) 10 computers per camera.
• B) 2 computers per camera.
• C) 1 computer per camera.
• D) 1/20 of a computer per camera.

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Definitions:

Customer Relationship Management

A strategy for managing an organization's relationships and interactions with customers and potential customers.

Customer Satisfaction

The degree to which a product or service meets or exceeds customer expectations.

Dollar Fill Rate

A metric that measures the value of goods shipped on time versus the total value of the order.

Pre-Transaction

Activities and considerations that occur before the actual purchase or transaction takes place, such as research or comparison.