Answer: Creativity.
Professionalism.
Risk-taking.
Passion.
Planning.
Knowledge.
Social Skills.
Open-mindedness towards learning, people, and even failure.
Because since the seller has no control over the market price of a product. It requires an element of monopoly to allow him influence price
Answer:
sunk cost
Explanation:
Sunk cost -
It refers to the amount of money which is spend and can never be recovered back , is referred to as the sunk cost.
During the process of making any future decision , sunk money is never taken into consideration.
Hence, it differs from the future costs.
Therefore , from the scenario of the question,
The correct term is sunk cost.
Answer:
economies of scale
Explanation:
Economies of scale is defined as the cost advantage that a company gets to enjoy by producing on a large scale. The unit cost of a product is low as the company produces larger amount.
Also economies of scale occurs when a company is able to purchase inputs at a lower cost per unit when they are purchasing in large amounts.
Charter Communications is seeking to purchase and bring together Time Warner Cable and Bright House Networks, creating a company that will serve a collective 18.8 million Internet broadband subscribers and 17 million TV subscribers. Charter has specifically cited a desire to have greater bargaining power in negotiating with channel owners like Disney.
This creates economies of scale by improving their bargaining power when negotiating. They will be able to get input at a lower cost.
As a mechanical engineering student, you will have to take a lot of physics and calculus classes. You will have to practice lots of math and physics in homework throughout college.
