Opportunity Cost Exists Because of

question 10

Multiple Choice

Opportunity cost exists because of

• A) poverty.
• B) scarcity.
• C) greed.
• D) self-interest.

---

Definitions:

Specialty Food

Food that is of high quality and often unique in terms of origin, ingredients, or preparation, targeting a specific consumer market.

Opportunistic Buying

Purchasing behavior in which off-price retail stores negotiate especially low prices for certain categories of merchandise, such as end-of-season goods and closeouts.

Off-Price Retail

Retailers who sell branded goods at lower than the manufacturer's suggested retail price, typically by offering surplus or out-of-season items.

Convenience Stores

Small, self-service stores that are open long hours and carry a limited number of frequently purchased items.