When box lunches are handed out at an elementary school, Jimmy (who loves chocolate and hates raisins) gets a raisin cookie and Johnny (who hates chocolate and loves raisins) gets a chocolate chip cookie. This is an example of inefficiency in
a. output selection.
b. production planning.
c. product distribution.
d. market segmentation.
c
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The hypothesis that people believe that the BEST indicator of the future is the recent past is
Explain the basic macroeconomic policy trilemma for open economies
What will be an ideal response?
Which of the following would move the economy up and to the left along a short run Phillips Curve? a. Increases in the discount rate and increases in the interest rate the Fed pays on bank reserves
b. Increases in taxes by the federal government combined with reductions in government purchases of goods and services. c. Decreases in the fed funds interest rate target adopted by the Fed. d. An increase in the expected rate of inflation.
Some companies resolve service failures so successfully that customer satisfaction actually increases following a disruption. What is this known as?
a. Service recovery paradox b. Emergency relief system c. Customer satisfaction paradigm d. Efficiency planning