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labwork [276]
3 years ago
8

When mr. jones, the owner of a local hardware store, asks one of his lawnmower suppliers about the total ability of their produc

t to meet customer needs, he is questioning the quality of that mower?
Business
1 answer:
NikAS [45]3 years ago
5 0
Mr Jones is questioning the quality of the product. The quality of a product refers to that product's ability to always meet or exceed the needs of consumers. Many businesses or service providers have quality assurance departments that ensure that the quality of a product always meets the consumers needs.  <span />
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Jacques lives in San Diego and runs a business that sells boats. In an average year, he receives $728,000 from selling boats. Of
Gwar [14]

Answer:

1. <u>implicit cost</u>

2.<u> explicit cost</u>

3. <u>implicit cost</u>

4. <u>explicit cost</u>

Explanation:

Implicit costs refer to those costs that represent opportunity cost. In simple terms they are notional or those which haven't been actually incurred but considered.

Opportunity costs refer to the cost of sacrificed alternatives when an alternative is opted for. For instance, a student pursuing post graduation incurs implicit cost in the form of income foregone had he chosen to work instead for the same duration.

In the given case, the foregone rental income Jacques would've earned had he chosen to rent out his showroom represents opportunity cost or implicit cost.

Similarly, the salary Jacques sacrificed by working in boat business represents implicit cost.

The wages and utility bills that Jacques pays and wholesale cost which he pays represent costs which have actually been incurred, which are termed as explicit costs.

6 0
3 years ago
when zoning deprives the owner of all economic value of her property, it will be categorized be scrutinized under the constituti
Natalija [7]

When zoning deprives the owner of all economic value of her property, it will be categorized be scrutinized under the constitutions Takings Clause and Fifth Amendment.

Economics is defined as a technology that deals with the making, dispensing, selling, and shopping of products and services. An instance of economics is the have a look at the inventory market.

Economics, at its very heart, is the look of humans. It seeks to give an explanation for what drives human behavior, selections, and reactions while faced with problems or successes. Economics is an area that combines politics, sociology, psychology, and history.

Economics performs a position in our normal lifestyles. reading economics allows us to apprehend past, destiny, and contemporary models, and practice them in societies, governments, businesses, and people.

Learn more about economics here brainly.com/question/17996535

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8 0
1 year ago
In the case of an unanticipated inflation: A) creditors with an unindexed contract are hurt because they get less than they expe
podryga [215]

Answer:

A is the correct option.

Explanation:

The increase in the general price is known as inflation. This inflation occurs when people know that Inflation is going to occur and they start preparing for it. e.g In case of increased interest rates if the inflation is anticipated, the banks try to protect themselves by increasing the interest rates. There is also unanticipated inflation which occurs when people are unaware that inflation until the price level increases. In the case of unanticipated inflation, people are unprotected.

4 0
3 years ago
Which is correct? please help​
choli [55]

Answer:

c

Explanation:

because if you have all new employees people won't see you as a serious company

4 0
3 years ago
Read 2 more answers
Scientific endeavors only come from the desire to meet societal needs
ch4aika [34]
This is a positive statement
4 0
3 years ago
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