Answer:
The correct option is A
Explanation:
Transaction costs are the costs or the expenses which is incurred or made when it involves buying as well as selling of good or a service. And in the terms of financial nature, it is that cost or expense which comprise of the commission of broker, that is the differences among the dealer price paid for the security and the price which the buyer pays.
So, in this case, the large projects involve the land purchasing from landowners will not succeed because of expense like bank fees, attorney fees for negotiating the different deals. These fees examples are of transaction costs.
Answer:
A.
The output will rise by more than it did when the previous unit was added.
Explanation:
Answer:
c. redefines the product offering through value innovation to create a new market space
Explanation:
Is the concurrent tracking of differential and low cost in order to open up markets as well as get new demands. It is about bringing new market into existence and dominating unchallenged market space there by nullifying unnecessary competition. Blue ocean strategy has the view that market boundaries and industries can be rebuilt by the activities of the major industry players.
Answer:
1. $1000 (sale price) - $800 (Dealer price) = $200
2. $200 * 10 sculptures = $2000 of total value added
Explanation:
STEPS
1)The artist pays $5,000 for the intermediate goods (scrap metal) and sells the finished goods (10 sculptures) for $1 comma 1,000 each.
The value added for the artist equals $3000
2)The art dealer pays $800 for the intermediate goods (sculptures) and sells the finished goods (sculptures) for $1000 each. Calculate the difference between the price the dealer paid for the sculptures and the amount for which the dealer sold the sculptures.
3) $1000 (sale price) - $800 (Dealer price) = $200
4) $200 * 10 sculptures = $2000 of total value added
