Explain the concept of opportunity cost, giving at least one example from your life
What will be an ideal response?
Opportunity cost is the value of something that is given up to obtain something else. For example, the cost of going to college includes more than tuition. It also includes the income that a student could have earned by working instead of going to classes.
Business
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Personality is most commonly thought to consist of __________ dimensions.
A) five B) six C) three D) seven E) four
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Which vertical marketing system allows a firm to appeal to different customers through different wholesale and retail distribution forms?
a. dual vertical marketing system b. independent vertical marketing system c. partially integrated vertical marketing system d. fully integrated vertical marketing system
Business