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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 1The 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)
Rubric
Criteria
Ratings
Pts
Baisc Answer
You are able to list the business decisions made by Ikea in point form.
5 points for each item listed (total 10 items)
50 pts
Basic Explanation
You are able to clearly explain your point by describing what positive impact these decisions have on Ikea or its consumers
Additional 3 points for each explanation
30 pts
Full Explanation
You can clearly explain your point using opportunity cost as the reasons why consumers will pick shopping at Ikea rather than doing other activities.
Additional 2 points for each explanation
20 pts
Total: 100 pts
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