If Talium Services Inc. does not use one of its limited resources in the best possible way, the lost contribution to income could be called a(n) ________
A) business function cost
B) carrying cost
C) opportunity cost
D) sunk cost
Answer: C
Business
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A hamburger stand near the local mall sells hamburgers for $3.99, drinks for $1.99, and fries for $1.49, while a gourmet restaurant nearby sells entrees for $20, $30, and $45. Both of these restaurants are using ________
A) demand-based pricing B) cost-based pricing C) psychological pricing D) prestige pricing E) penetration pricing
Business
Which one of the following is NOT a layout tactic in a JIT environment?
A) work cells for families of products B) fixed equipment C) minimizing distance D) little space for inventory E) poka-yoke devices
Business