<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.
ou need the determination to figure out the formula for your particular business.” —GREG BROPHY, FOUNDER OF SHREDIT AMERICA INC.
The type of sales promotion that Green Giant wants to use which involves offering resellers a sum of money is called a buy-back allowance.
<h3 /><h3>What is a buy-back allowance?</h3>
This refers to a sales strategy that is offered by suppliers and producers to those who resell to customers.
It involves offering the resellers an incentive which could be financial or otherwise, to purchase more units and stock more products just like Green Giant is doing.
Find out more on sales strategies at brainly.com/question/25640993.
Assuming Raleigh BBQ has $48,000 in current assets and $39,000 in current liabilities. This refers to as working capital management.
<h3>What is Working Capital Management?</h3>
Working capital management can be defined as the way in which a company or an organization ensures that both their current asset and current liabilities are put in use effectively and efficiently.
A company who make use of working capital management as a strategy will tend to ensure that their liabilities does not exceed their assets so as to maintain the company financial health.
Therefore this refers to as working capital management.
Learn more about working capital management here:brainly.com/question/14736085
Answer:
Its output is a product oriented process that uses modules -B
Explanation:
A repetitive process focus is one that is known by modules combined for many output parts and assemblies which had been made on an earlier date.
It organises assembly lines and is
Less flexible and more efficient than process-focused process.