According to the Textbook,which of the Following Is NOT a Way

question 39

Multiple Choice

According to the textbook,which of the following is NOT a way to closely match supply and demand?

• A)Holding high amounts of inventory
• B)Maintaining a rigid pricing system
• C)Utilizing overtime
• D)Hiring temporary workers

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Definitions:

Production Possibility Frontier

A curve depicting the maximum attainable combinations of two products that may be produced with available resources.

Opportunity Costs

The disclaim of potential advantage from other options when a particular choice is favored.

Exercising Regularly

The routine practice of engaging in physical activity to maintain or improve health and fitness.

Absolute Advantage

The ability of an individual, company, or country to produce a good or service more efficiently than competitors using the same amount of resources.