Solved

Wendy's Restaurant Must Decide Whether to Grow Its Own Potatoes

Question 80

Multiple Choice

Wendy's restaurant must decide whether to grow its own potatoes for French fries or procure them from suppliers.However,growing potatoes is a very different process from running a fast food restaurant.Based on this information alone,should Wendy's grow its own potatoes?


A) No, because Wendy's managers have bounded rationality.
B) Yes, because Wendy's managers have bounded rationality.
C) No, because there are very few potato suppliers.
D) Yes, because there are a few potato suppliers.
E) No, because potatoes are traded in a perfectly competitive market.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions