Answer:
C. Straight rebuy
Explanation:
Straight rebuy involves buying or reordering supplies and commodities on a routine basis from a supplier or seller who's on an approved list. It involves class customer making a purchase of thesame commodity at the same amount from the same supplier. In this case, the local fast food is the customer making the straight rebuy and Pepsi is the supplier on the approved list of the fast food.
Straight rebuy comes as a result of the decision for customers to buy exactly the same product as the last time at thesame quantity from thesame supplier.
Answer: Sustainability
Explanation: Sustainability simply means continual existence regardless of domain or pillar. It explains the maintenance of economic, social and environmental resources to meet the demand and needs of the present industry or generation without jeopardizing or compromising the needs of future generation. The concept of sustainability looks beyond the present, it focuses on harmonizing the needs of present and future generation by encouraging decisions and policies that focuses beyond the present, rather considering the effects of present policies in decades to come. Common sustainability goals include reduction of carbon emission, shift to the use of renewable energy resources such as wind, hydro and solar, All in a bid to maintain a healthy ecosystem for present and more importantly future generation.
Answer: Option (b) is correct.
Explanation:
Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.
If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.
The preferences of Pam, Pru and Pat are given. Therefore, according to their preferences, the opportunity cost of the trip to Hawaii for Pam and Pat is a cruise and for Pru is a skiing.
