Mary Gonzalez Recently Expanded Her Chain of Flower Shops

question 48

True/False

Mary Gonzalez recently expanded her chain of flower shops. As the only small flower shop located in major airports in the Midwest, she has a unique operation. She has 72 employees in 30 shops, and although her company isn’t dominant in its industry, her shops are busy year round. To accommodate her unique clientele, Mary developed the idea of packaging flowers in small waterproof pots that won’t leak either in the airport or aboard planes.
-Because Gonzalez's company is independently operated,the Small Business Administration would consider it a large business.

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Definitions:

Nation's Production Possibilities Frontier

The production possibilities frontier represents the maximum combination of goods and services that can be produced by a nation given its resources and technology, illustrating the trade-offs in production choices.

Real Wage

The wage measured in dollars of constant purchasing power; the wage measured in terms of the quantity of goods and services it buys.

Opportunity Cost

When one option is chosen, it's the sacrifice of possible benefits from other available choices.

Working Home

The act of performing one’s job duties from one's place of residence rather than in a traditional office environment. Often referred to as "working from home" or "remote work."