The answer for this question is: <span>Competition tends to drive down prices and improve quality
When free trade exist, every businesses must heavily compete in order to win the customers' favor.
In order to obtain the favor, a couple of things that they could do are lowering their price in comparison to their competitor and improve the products that they made.</span>
Answer:
determining the advertising budget
Explanation:
An advertising budget refers to the estimate of the advertising spending of a corporation over a specified period of time frame. More crucially, it is the cash a firm is capable of setting aside to achieve its advertising goals. In developing a marketing budget, a corporation should evaluate the importance of investing a dollar in ads against such a currency's value as known revenues.
The advertising budget is a part of the general revenue or market presence of a business that can be seen as the investment in the development of a product. The greatest marketing outlays — and initiatives — concentrate on the desires of consumers and solve their issues, not corporate problems like overstock cuts.
Answer:
the value of attending the class he decided to miss
Explanation:
Opportunity cost is defined as the forgone alternative an individual has missed as a result of taking an action.
In economics both the actual cost of an activity and the opportunity cost are considered when analysing economic activity.
In the given scenario Tim decided to skip class so he can get more rest. This is the actual activity chosen.
However the value of the class missed is the forgone alternative. So this is the opportunity cost
Answer: A breach of confidentiality
Explanation:
According to the given incident, An investigator is basically obtaining the HIPAA authorization for the purpose of reviewing all the records related to the medical status.
Then, he uses his laptop identifying the subject in the database for reviewing the medical information.
But someone stolen his laptop so his incident is basically constituting about a breach of confidentiality. It is the process of violating the confidential or the unauthorized data without any consent in the military, medical filed and the different types of other legal professions.
Therefore, A breach of confidentiality is the correct answer.
Answer:
This means that you build up money to invest it later. When you allow your money to work for you, that means that the money is building up "by itself" from your investments.
Explanation:
Your money "works for you" by growing without having to work a 9-5 job to grow your income. Your portfolio develops (increases) by investing the money you have smartly making it grow.
