The Manager of Paul's Fruit and Vegetable Store Is Considering

question 13

Multiple Choice

The manager of Paul's fruit and vegetable store is considering the purchase of a new seedless watermelon from a wholesale distributor. Because this seedless watermelon costs $4,will sell for $7,and is highly perishable,he expects only to sell between six and nine of them. What is the opportunity loss for purchasing nine watermelons when the demand is for seven watermelons?

• A)0
• B)4
• C)8
• D)12

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Definitions:

New Initiative

A fresh effort or plan introduced to achieve a particular goal or solve a problem.

Knowledge Management

The systematic process of capturing, distributing, and effectively using knowledge within an organization to enhance performance and competitiveness.

Useful Information

Data or facts that are relevant and beneficial to understanding a particular subject or solving a problem.

Analytical

Pertains to the ability to examine and break down complex information or problems into smaller, manageable parts for better understanding or decision-making.