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In the first week of the macroeconomics course, we learned about opportunity cost and how we could apply this to the business of Ikea, the
In the first week of the macroeconomics course, we learned about opportunity cost and how we could apply this to the business of Ikea, the global furniture retailer. Please revisit the YouTube video from Week 1 "The Economics of Ikea" before answering the question below. List 10 different business decisions that Ikea has made which led to consumers choosing to visit Ikea instead of doing other activities from an economic opportunity cost point of view (10 points). For example (no points given), you can say Ikea gives staff meal benefits and shopping discounts for a happier workforce, which improves work efficiency. Consumers gain by having better and faster customer service than choosing another furniture store. (Your answer should be a list, numbered from 1 to 10)
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