Answer:
b.$ 66
Explanation:
The question requires that Summit requires a return on sales of 25 %. To achieve that the cost of goods sold should be 75 %.
if the revised selling price is $ 88
the target cost price would be ( $ 88 * 75 %) % 66
Definition: the skill and risk taking ability of the person who brings the other resources or factors of production together to produce a good or service e.g. the owner of a business. These people are called entrepreneurs
Opportunities of an entrepreneur:
• involves the sale or lease of any product, service, equipment that will enable the purchaser-licensee to begin a business.
• invest in (multiple) businesses
•quality content
• foreign markets
•crowdfunding
Answer:
Jamal
Explanation:
Given that
Number of required slides = 50 slides
Creating slides Per hour = 15 slides
Bill amount per hour = $750
So by considering the above information, Bette's opportunity cost of creating slides would be
= Bill amount per hour ÷ creating slides per hour
= $750 ÷ 15 per hour
= $50
For making 50 slides, the opportunity cost would be
= $50 × 50 slides
= $2,500
And, Jamal opportunity cost is 30% lower, so it would be
= $50 - $50 × 30%
= $50 - $15
= $35
And, the billing rate is 25% higher, so it would be
= $750 + $750 × 25%
= $750 + $187.50
= $937.50
So in one hour, it would be
= $937.50 ÷ 35 slides
= 26 slides
Based on the creating slides, the Jamal gains a competitive advantage over Bette
The term is SOCIAL ENGINEERING.
Social engineering is the art of manipulating people into breaking information security procedures or to give away confidential information which they have at their disposal.<span />
