Table 252 Refer to Table 25

question 137

Multiple Choice

$$\begin{array}{l}\begin{array} { l l r } \text { Pool Sweeper } &\text { Output } &\text { Market share } \\\text { Producer }&\text { (Revenue) }&\text { (percent) }\\\hline \text { North Star } & \$ 20,000 &\_\_\_\_\_\\\text { Hurricane } & \$ 16,000 &\_\_\_\_\_\\\text { Blue Lagoon } & \$ 2,000 &\_\_\_\_\_\\\text { Clean Sweep } & \$ 2,000&\_\_\_\_\_\\\end{array}\end{array}$$
Table 25.2 Refer to Table 25.2.Assume there are only four firms in the pool sweeper industry.What is the Herfindahl-Hirschman Index for this industry?

• A) 2,500.
• B) 50.
• C) 4,150.
• D) 4,125.

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Definitions:

Time Utilities

The value added to products or services by making them available at the most beneficial time.

Airfreight

The transportation of goods by aircraft, typically used for time-sensitive or high-value shipments.

Supply Chain Strategy

An approach for managing the flow of goods and services, involving the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption.

Inventory Low

A situation in which stock levels of products are critically reduced, posing a risk of stockouts and potential lost sales.