Yolanda Is Trying to Decide How to Diversify Her Company

question 95

Multiple Choice

Yolanda is trying to decide how to diversify her company so that it produces a larger variety of products and competes in new markets. This is a(n) example of a ________ decision.

• A)routine
• B)programmed
• C)cognitive
• D)nonprogrammed
• E)noncognitive

---

Definitions:

Q

Quantity, frequently used in economic equations and discussions to denote the amount of goods produced or consumed.

PQ

The product of price (P) and quantity (Q), often used in economics to calculate total revenue or expenditure.

P

Typically refers to "Price" in economic models, representing the monetary value assigned to a good or service in the market.

V

Typically stands for Velocity in economic contexts, referring to the rate at which money circulates in the economy.