A business owner has to decide whether the company should purchase new manufacturing equipment,open a new retail store in another city,or invest in a major advertising campaign.This decision to give up something to get something else is referred to as ________.
A) resource development analysis
B) an arbitrage
C) demand/supply determination
D) a trade-off
E) factor analysis

Question

Quizplus · Accepted Answer

A)Given the universal scarcity of resources, consumers, companies, and governments are constantly forced to make trade-offs, meaning they have to give up something to get something else.
B)Given the universal scarcity of resources, consumers, companies, and governments are constantly forced to make trade-offs, meaning they have to give up something to get something else.
C)Given the universal scarcity of resources, consumers, companies, and governments are constantly forced to make trade-offs, meaning they have to give up something to get something else.
D)Given the universal scarcity of resources, consumers, companies, and governments are constantly forced to make trade-offs, meaning they have to give up something to get something else.
E)Given the universal scarcity of resources, consumers, companies, and governments are constantly forced to make trade-offs, meaning they have to give up something to get something else.

A Business Owner Has to Decide Whether the Company Should