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Amiraneli [1.4K]
2 years ago
6

What are implicit​ costs? an implicit cost is

Business
1 answer:
Yuki888 [10]2 years ago
3 0
The correct option is "c".
An implicit cost is <span>a nonmonetary opportunity cost.

</span>Implicit costs refer to any cost that has already occurred however isn't really appeared or detailed as a different cost. It represents an opportunity cost that emerges when an organization dispenses inward assets toward a venture with no explicit compensation for the usage of assets.
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Sam visits Mexico for a business meeting. At the meeting, Sam addresses the vice president of the firm by his first name rather
Nesterboy [21]

Answer:

A. power distance

Explanation:

In the context of Hofstede's cultural dimensions, this difference in cultures is part of the power distance dimension, which corresponds to the hierarchical position of the members of an organization and the appropriate relationship form for each hierarchy in an organization that occurs in certain cultures, reinforced by an inequality that already occurs in society.

To avoid offensive behavior in multinational businesses, it is necessary to have multicultural skills that include ethics, respect and knowledge of a new culture and its rules.

8 0
3 years ago
In comparing money to a share of microsoft stock held by an individual, we can say:_______.
Anastaziya [24]

In comparing money to a share of Microsoft stock held by an individual, we can say, only the money is a means of payment, but both are stores of value.

In order to serve as a medium of exchange, money is very widely accepted as a method of payment. When comparing money to a share of Microsoft stock which is held by an individual, it can be said that money is a means of payment, but here the stock and money both are stores of value.

As a store of value, money is not unique as there are many other stores of value exist, such as stocks, land, works of art etc. Money may not even be the best store of value because it depreciates with inflation.

Hence, money is a means of payment, but together with money, stocks can also be stores of value.

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7 0
2 years ago
Describe the difference between cost of goods and operating expenses.
MrRissso [65]

Both operating expenses and cost of goods sold (COGS) are expenditures that companies incur with running their business. However, the expenses are segregated on the income statement. Operating expenses and COGS measure different ways in which resources are spent in the process of running a company.

8 0
2 years ago
What are the three most critical components that a marketer needs to examine to segment a market effectively?
Georgia [21]
1. Identifiability (and measurability)
2. Accessibility
3. Responsiveness

1. Identifiability
    - the target market must be identifiable to determine which of the
      consumers belong to the segment. The target market must be well-
      defined and measurable, particularly in terms of population, income, and
      age bracket. 

2. Accessibility
    - this refers to the ease of reaching the identified market segment in terms
      of geography and economy with appropriate market strategies. 

3. Responsiveness
    - the target market should be evaluated if they will respond (i.e. purchase)
      the products and services created for them. There is little point in
      identifying a market, creating a product, and developing marketing
      strategies if the consumers themselves see little value in what is being
      offered to them. Thus, the products and services must meed the
      consumers' or organizations' needs. 
4 0
3 years ago
What do you do if your lender rejects your loan application
Dima020 [189]

Answer:you tie a noose and hope for the best my friend. and if all goes south, you have a backup plan.

Explanation:

8 0
3 years ago
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