Answer:
Explanation:
Explicit Costs refers to costs that involve an immediate outlay of cash from the business and it is recorded and reported to the management.
Implicit Cost refer to the cost which the company had foregone while employing the alternative course of action and is neither recorded nor reported to the management of the company.
a. The wages and utility bills that Charles pays
Identification: Explicit Cost
b. The wholesale cost for the guitars that Charles pays the manufacturer
Identification: Explicit Cost
c. The rental income Charles could receive if he chose to rent out his showroom
Identification: Implicit Cost
d. The salary Charles could earn if he worked as a financial advisor
Identification: Implicit Cost
Answer:
Denying your competition with the resources it needs to perform a deal and then getting the deal for your own company.
Explanation:
Ruthless is defined as having no pity or compassion. A ruthless business man is commonly described as taking advantage of others and engage in corrupt business practices.
The perfect example for a ruthless business man was John Rockefeller, who started wars in different continents, bribed government officials, and cheated on competing oil firms, etc.,etc.,etc.
Answer:
Demographic
Explanation:
A market segment is a portion of a large market in which the individuals, groups or organizations share one or more characteristics that cause them to have relatively similar products needs.
A market segment consist of a group of customers that share a similar set of needs and wants.
Are four categories of segmentation:
-Geographic
-Psychographic
-Behavioral
-Demographic. The process of dividing a market through variables such as age, gender, education level, family size, occupation, income, and more. This is one of the most used strategies amongst marketers.
Answer:
24 years
Explanation:
In a situation where a country GDP which is fully known as GROSS DOMESTIC PRODUCT was been expected to increase or grow at a rate of 3% per year or per annual which means that it will actually takes up to 24 years for a country economy living standard to double .
Therefore the numbers of years it would take for a country living standards to double will be 23 years.
A customer who sold a bond at a loss must wait how long before he can buy back a substantially identical bond and not have the sale classified as a wash sale?
30 days.
