Below Is a Graph Illustrating Rice and Flax Production in the Countries

question 95

Multiple Choice

Below is a graph illustrating rice and flax production in the countries of Cardassia and Bajor.

-Refer to the graph above to answer this question.What is the opportunity cost of 100 tons of rice in Cardassia?

• A)80 tons of flax.
• B)100 tons of flax.
• C)125 tons of flax.
• D)200 tons of flax.
• E)500 tons of flax.

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Definitions:

Local Needs

The specific requirements or demands of a community or area, often considered in planning and decision-making processes to ensure relevance and efficacy.

Cost Leadership Strategy

A business approach aimed at becoming the lowest-cost producer in an industry to gain a competitive edge.

Competitive Advantage

The attribute that allows an organization to outperform its competitors, due to its unique capabilities, resources, or position.

Strategic Planning Pitfall

A potential mistake or oversight in the strategic planning process that can undermine its effectiveness or lead to failure.