Opportunity Costs Exist Because

question 134

Multiple Choice

Opportunity costs exist because

• A) using resources for one activity means that their use elsewhere must be given up.
• B) sellers are unwilling to give up their product without a price.
• C) there are opportunities to find ways to reduce costs.
• D) buyers always have an opportunity to go to another seller.

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Definitions:

Dell Personal Computers

A range of computer products manufactured by Dell Inc., known for their customization options and direct sales model.

Distribution Intensity

The level of market coverage a product gets, ranging from intensive, selective to exclusive distribution, depending on the company's strategy.

Intensive Distribution

A strategy where a company aims to distribute its products as widely as possible, making them available at many outlets.

Selective Distribution

A distribution strategy where a product is sold at a limited number of outlets, to control availability and maintain the product's high-end image.