Your State Department of Transportation Is Considering Installing Toll Booths

question 126

Multiple Choice

Your state department of transportation is considering installing toll booths and gates on one of the freeways that runs through an unpopulated part of the state.If this is adopted,a good that is currently a(n)

• A)public good will become a private good.
• B)nonrival good will become a rival good.
• C)nonexcludable good will become an excludable good.
• D)rival good will become an excludable good.

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Definitions:

Quick Energy

Fast-acting energy sources, often in the form of food or beverages, that provide immediate vitality or stamina.

Supply Chain Management

The administration of goods and services circulation, which includes the transfer and storage of raw materials, inventory in progress, and completed products from the beginning point to the end-use point.

Marketing Mix

The set of controllable marketing variables that a company uses to pursue its desired level of sales in the target market, famously encapsulated by the 4Ps: Product, Price, Place, and Promotion.

Create Value

The process of enhancing products or services to make them more appealing to consumers, thereby increasing their worth or utility.