Answer: The chances of occurrence of tail when we toss the coin is 50% which can be explained by the following formula:
Probability = Number of favorable events / # of Total event
Here the number of Total events = 2^3 =8
Number of total events can also be found by following Way:
1. Head, Head, Head
2. Head, Head, Tail
3. Head, Tail, Tail
4. Tail, Tail, Tail
5. Tail, Tail, Head
6. Tail, Head, Head
7. Head, Tail, Head
8. Tail, Head, Tail
This implies
Number of favorable events = 1 & Number of Total events = 8
By putting values:
Probability = 1 / 8 = 12.5%
So the chances of winning $10 is 12.5% whereas loosing $2 is 87.5%.
Answer:
b. an ethical duty beyond those duties mandated by law.
Explanation:
Business ethics involve policies and practices concerning duties that go beyond those mandated by law. Anyhow, the law sets the tone for business ethics as a guideline that a company can follow to foster and gain public approval.
Answer:
Satisfied and Loyal customers help in the profitability and growth of an organization.
Explanation:
When a company produces a product, they put their best in the design, process, manufacturing and dispatching of the product, so that their target customers use this product and gets satisfied. When consumers get the product of exactly their needs, they try to buy it again and again and becomes the loyal customers of that specific company. Such customers are the permanent customers of that organization and they are ready to pay for the product, thus helps in the profitability of the organization. Also when they talk about the product to other people, they become the marketing agents of the company, thus helping the company to grow. In this way, satisfied and loyal customers help in the profitability and growth of an organization.
Answer:
The correct answer is D. Retail.
Explanation:
Retail is the sale to the final consumer of goods and services. It is a sector formed by different branches (such as the food industry, the fashion industry, the home industry, etc.), which constitutes the last link in the supply chain that goes from the manufacturer to the consumer, it is In other words, it is the culmination of the process of production of goods and services, when they reach the consumer. This sale is usually carried out in stores, supermarkets, pharmacies, internet platforms and any other place where goods and services can be offered to final recipients.
Answer:
In economics, the marginal cost of production is the change in total production cost that comes from making or producing one additional unit. To calculate marginal cost, divide the change in production costs by the change in quantity.
