An Excludable Good Is

question 64

Multiple Choice

An excludable good is:

• A) one that is excluded from the common basket of goods consumed by households.
• B) one that producers will exclude from production.
• C) one where people can be prevented from using the good.
• D) not necessary to consume, that is a luxury.

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Definitions:

Push Strategy

A marketing approach that involves taking the product directly to the customer through whatever means to ensure the customer is aware of the existence of the product.

Logistics Operations

The planning, implementation, and control of the movement and storage of goods, services, or information within a supply chain.

Push-Pull Supply Chain Strategy

A hybrid supply chain model combining the push system (producing goods in anticipation of customer demand) and the pull system (producing goods in response to actual customer demand).

Inventory Costs

Expenses associated with holding and managing goods or materials until they are sold or used, including storage, insurance, and spoilage costs.