Question

You’ve decided to diversify your oil and gas earnings by acquiring cattle—a true Texas pastime. You can purchase the cattle for $1,000.00 in Lubbock, Texas and sell them in Kansas City, Missouri for $1,500.00.

The most likely concern at the initial stage of your calculation of potential profit is:

	a.	Ensuring the payment terms will be in U.S. dollars.
	b.	Determining the measure of what is being purchased and sold.
	c.	Identifying the fastest/least time consuming route to Kansas City, Missouri.
	d.	Designing a unique brand to ensure your cattle are not mistaken for others’.

5 points   

Answer 1

Answer: Option C

Explanation: Identifying the fastest/least time-consuming route to Kansas City, Missouri. This is because, lower the time is taken and fastest the route is, more the number of sales is made, higher the profit.