Which of the following is the correct opportunity cost to consider if you are trying to choose one 3-hour elective course (A ) over another 3-hour elective course (B )?
A)
The tuition cost of a 3-hour course
B)
Your total tuition costs for the year with and without the course
C)
The information and learning from (B) that you will give up if you choose (A)
D)
The marginal costs of taking one more course
C
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Intel's focus on designing complex, expensive microprocessors for PCs enabled competitors to develop cheaper chip sets for non-PC electronics devices. In the strategic intent model of competitive advantage, this is an example of:
A) building layers of advantage. B) loose bricks. C) changing the rules of engagement. D) collaborating. E) none of the above
By providing trade allowances and discounts, manufacturers can eliminate inventories to make
room for a new product. Indicate whether the statement is true or false