Answer:
The correct answer is the option C: Relational switching cost.
Explanation:
To begin with, the concept known as <em>''switching cost'' </em>in the field of business, basically refers to all the costs involved in the procedure of switching from a supplier to a new one. Moreover, this term also involves many different types, such as financial switching costs, procedural switching costs and relational switching costs.
To continue, the third one, <em>the relational switching cost</em> refers to the situation where a company has changed its supplier and a big loss of identification and emotional bonds changed as well with it. Furthermore, when relational switching costs take place the personal relationships between the people involved in the transactions of the company are lost and that generates an impact in the new relationships with the new supplier.
Management is based on authority stemming from the hierarchical rank and is responsible for the overall performance of the business unit. Planning, organizing, leading, and regulating the resources of the company are all parts of management, which entails integrating the work of individuals.
<h3>
What is a leader in management?</h3>
The goal of a leader is to enable their team to develop their own leadership skills. They cultivate a group of creative and highly motivated leaders dedicated to realizing a common goal. Employers need to be managed by leaders who keep them on task and provide them structure at work.
Management is the process of accomplishing organizational objectives by effective and efficient planning, organizing, directing, and control of the organization's people, physical, financial, and informational resources. Planning, organizing, staffing, leading, and managing are the five general responsibilities that makeup management at its most basic level. These five responsibilities are a part of a corpus of guidelines and management-related beliefs.
Learn more about Management here:
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Answer:
A personal budget provides <u>a detailed account</u> of income and expenses for a <u>period.</u>
Explanation:
A personal budget is a plan of how one intends to spend their income. It shows the source of income and the total on one side. The expenses are listed on a different side. Each expenditure item is listed and its estimated amount is indicated. The total of all incomes and expenses is shown on their respective sides.
A personal budget may be prepared for a regular income say monthly, weekly, or quarterly payments. It can also be prepared for irregular incomes such as loans, gifts, or bonuses.
Answer:
8,850 units
Explanation:
We know that
Net income = Unit sales × (Selling price per unit - variable cost per unit) - Fixed cost
$23,600 = Unit sales × ($55 - $39) - $118,000
$23,600 = Unit sales × $16 - $118,000
$23,600 +$118,000 = $16 unit sales
So, unit sales = 8,850 units
The net income is computed below:
= Given percentage × Total fixed cost
= 20% × $118,000
= $23,600
