<u>Full question:</u>
Bobby is speaking to his friend and says, "this musical is going to cost me $60 when I buy the ticket." His friend corrects him and says, "actually, this concert will cost you more than $60 since you have to miss work." His friend is referring to the _________________.
Select the correct answer below:
a)economies of scale
b)budget constraint
c)opportunity cost
d)opportunity set
<u>Answer:</u>
His friend is referring to the opportunity cost
<u>Explanation:</u>
Opportunity costs describe the gains a person, investor or company drops out on when picking one choice over another. The cost of practicing something is previously the cost of the highest-valued alternative use. Bottlenecks are frequently a condition of opportunity costs.
The method for determining an opportunity cost is solely the contrast within the expected returns of any option. Estimating opportunity costs can lead you to more effective decision-making. Opportunity cost examination also performs a crucial role in preparing a business's capital structure.
Media relations is an organizational activity that results in the development, coordination, and organization of information about that organization and its presentation to the public through the mass media.
Media relations refers to the mutually beneficial contact between journalists and public relations professionals. The simplicity with which journalists may access story ideas and sources is one of the most significant advantages.
Media relations are essential for increasing brand recognition, establishing corporate reputation, and learning about client preferences and choices. Customers can learn about the company's products and services by visiting the blog or online networking networks.
Therefore, the answer is media relations.
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Answer:
ghas in and the kids had so I'm sure it's just
Explanation:if he does get at I'm the first day off I need my
We so so I'm so so I think I'll get them if it will get me in at like
It’s B cuz they are not alike
Answer:
small business
Explanation:
Based on the company specifications that is provided about Raul's company the most appropriate representation of his firm would be a small business. This is the case because a small business is categorized as any business with one owner controlling and running a business with less than 100 employees. Seeing as Raul only has 21 brokers employed and is planning to expand his model nationally but has NOT yet done so, then he is the owner of a small business.