Answer:
D. The cost from the loss of customer goodwill.
Explanation:
The main shortage costs are the loss of customers that would now go and shop elsewhere. These costs are crucial as once the goodwill is lost it is unlikely the customers would return due to not having being catered the first time. Business want to attract new customers but most importantly they want to retain customers.
This type of shortage cost can be objectified further in marketing costs that were spent to get the customer at the store front in the first place which have been in vain.
All other options are restocking costs that are to be incurred regardless in lead times.
Hope that helps.
Answer:
C. a person buying a company’s stock on the stock market
Explanation:
Place is the right location for anygiven good or service in this situation the right place for a stock in order to be sell is the stock market, and that is what is exactly happening in this context.
Answer:
Some sellers can set prices
Explanation:
Characteristics of competitive firms:
1. All sellers are price takers. No seller can influence market price.
2. All buyers are price takers
3. Forces of demand and supply determine market price.
4. All products are homogenous
5. There are no barriers to entry or exist of firms
6. There is perfect information
Credit $1300 from you cash or bank account and Debit $1300 to Principal account.
<span>Human capital is the term that refers to the knowledge, education, training, skills, and expertise of a firm's workers.
</span>Gary Becker, an economist from the University of Chicago has popularized this term. <span> The human capital includes assets of individuals that can be used to create economic value for the individuals, their employers, or their community: </span>
