The opportunity cost of the aircraft carrier is the cost of the next best option China forgoes in order to build the aircraft carrier.
<h3>What is the opportunity cost?</h3>
Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives. Opportunity cost is also known as implicit cost. Opportunity cost is used in calculating implicit cost.
For example, if in deciding to build the aircraft carrier, China forgoes the opportunity to repair all the roads in china. Repairing all the roads in China is the opportunity cost.
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Answer:
D. PPO
Explanation:
PPO is an acronym for the preferred provider organization. PPO is one of the insurance health plans and is most popular among the family and individual markets. Under the PPO plans, the insurance company provides the insured with a long list containing doctors and hospitals to seek care. The list is the provider's preferred network, where patients should go for services.
A member of a PPO plan is encouraged to use the insurer network of preferred doctors. Members do not require a primary care physician's referral to see any specialist in the preferred doctors' network.
B. To raise money to a grow a company.
Stock is equity in a company that is used to help fund the expenses of a company, particularly when they are looking to grow beyond their current revenue sources. It is most useful when a company anticipates growing its revenues or decreasing its expenses through using this new capital in order to deliver a positive return for its equity investors who hold the stock certificates.
<span>Of the seven commonly used organizational buying criteria, consumer demand is very important. If the consumer wants the product and is sure to purchase the product, organizational financial goals are likely to be met as the product will quickly sell.</span>
Answer:
The correct answer is option c.
Explanation:
Providing a free sample of cigarettes is a strategy adopted to ensure that the demand becomes less elastic in the future. As nicotine in cigarettes is addicted, providing free sample to people will make them addicted to cigarettes. When people get addicted they will consume despite an increase in price. This makes demand less elastic. Less elastic demand means more profit for businesses.
