Answer:
C) there is at least one fixed factor of production.
<u>Multiple-choice options</u>
A) there is increasing scarcity of factors of production.
B) the price of extra units of a factor is increasing.
C) there is at least one fixed factor of production.
D) capital is a variable input.
Explanation:
he law of diminishing marginal returns cites that adding extra input while maintaining the others fixed will cause the overall output to decrease . Adding one more production input while keeping the rest intact decreases the marginal returns and increases the average production cost.
The law only applies where there at least one fixed input. When the firm uses more of the variable input, the firm's marginal product will eventually decrease.
Answer:
sales ; average accounts receivables
Explanation:
Accounts receivable turnover refers to how a business firm manage its assets. Businesses, companies uses accounts receivables to know and quantify how perfectly goods bought on credit by their customers are being paid back. It also measures how business gives credit and collects back it's debt .It is calculated as net sales divided by average accounts receivables.
Answer:
Guidelines to consider include:
1. Planning
2. Deciding which social media platform is best for your business.
3. Knowing your audience
4. Expanding audience
5. Building relationships
6. Focusing on quality over quantity
7. Using the right tools
Explanation:
Social media is one of the ways to connect with a large number of individuals to boost business and sales.
Firstly, Planning is very vital in whatever we are doing. Without a plan, the organization has no clear goal of what they are trying to archive. The organisation should create a social media plan upfront.
Secondly, The local business should decide which social media platform is best for them.
Furthermore, the business should know and understand who their audience is by compiling data on current customers and social media analytics.
Afterwards, The organization should expand their audience since they have gotten a clear picture of who their audience is.
It is also very important for the business to focus on quality instead of quantity when creating content so as to offer value.
Finally, the organization should take advantage of tools to simplify work and boost productivity.
E. Naive relativism
Explanation:
Naive relativism is based on the belief that humans ha e a deep seated view of what is right and what is wrong and can judge things by their own standards and make a decision.
<u>These decisions are thus treated as truth derived from one's own self by the person who is concerned. </u>
Naive relativism means that people also project their sense of right and wrong over others and sort of treat it as if it is universal.
Physical factors shape the environment and determine climate rainfall and vegetation. Chemical factors determine acidity levels of soils, radioactivity and natural chemicals found below the soil. They are also important for the nutrition of other animals. Biological factors include all of the plants and animals and they help change the environment daily.
