Well, smartphone applications are developed by 1. manufacturers of the handheld device, 2. <span>third-party software developers and finally by </span><span>operators of the communications network on which they operate. </span>
Answer:
Profit Function = (300 x king size bed) + (150 x queen size bed)
Explanation:
Objective Function is the function which needs to be optimised , i.e maximised or minimised. The function shows the objective variable as a dependent variable, determined by independent / explanatory variable(s).
Given Case : The manager would tend to maximise profit function.
Total Profit = Per unit profit x quantity
So, Profit Function: by per unit profit & sale quantities :
= (300 x king size bed) + (150 x queen size bed)
This profit objective function would be maximised, to find the profit maximising sale quantities of king & queen size beds.
Space, Budget would be the constraints to this optimisation.
Answer: Option B
Explanation: In simple words, retailing refers to the process in which an organisation makes their produced goods or serve to the end consumer efficiently. The retailing adds the value of the commodity by providing it to the end consumer more easily as everyone would not be able to collect the desired commodity directly from supplier.
Any business unit that is involved in the activity of purchasing the goods and selling the goods further for a margin is involved in retailing process. Retailer usually collects its inventory from the whole seller appointed by the producer.
Answer:
Centrality
Explanation:
Remember, a less central organization means more freedom. However, when the work of the departments in an organization can adversely affects the final output of the organization it tells us how central the organization is.
This Implies that the organization is following a structured system in which flexibility is not possible, and as a result any issues at other departments might affect output.
The above example of buying cheese and bread best illustrates money's function as:
D. Medium of Exchange
By exchanging currency, you were able to buy food products from the deli. This is one of the most powerful functions of money.
Hope this helps!
