if a firm want to adjust the cost of a service by 2% to stay competitive, such firm will be focusing on the <u>Price in marketing mix</u>.
<h3>What is a
marketing mix?</h3>
In marketing, these mix refers to those elements of a business's marketing that are designed to meet the needs of its customers.
The four elements of marketing mix are often called 4 'Ps' and includes:
- price
- product
- promotion
- place.
In conclusion, the firm will be focusing on the Price in marketing mix if a firm want to adjust the cost of a service by 2% to stay competitive,
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Answer:
C is the correct option
Explanation:
Human capital can be defined as an asset that is not listed on the company's balance sheet. It is the economic value of an employee's work experience and skills. It includes education, training, intelligence, skill, health, loyalty and punctuality.
According to the concept of human capital, all labor is not equal and the quality of employers can be improved by investing in their training, education, and abilities. Human capital is important because it is considered to increase the productivity and profitability and the economic values of the employers.
Answer:
b-the costs incurred to process the units to this point
Explanation:
Since in the question it is given that the company want to decide whether to sell partially completed goods or should incurred extra cost in order to finished the goods and sells them as a completed unit
So there should be the decision regarding selling price for the units that are completed, the selling price for the units that are partially completed and the cost i.e to be incurred for finishing the units
Answer:
a. $125 per month
b. $10,300 per month
Explanation:
Data provided in the question
Paid amount as a corporate accountant = $10,000
Renting cost = $300
Purchase of office supplies = $75
Monthly electric bill = $50
The computation is shown below:
a. Explicit cost
Explicit cost = Purchase of office supplies + increase in monthly electric bill
= $75 + $50
= $125 per month
b. Implicit cost
= Paid amount as a corporate accountant + renting cost
= $10,000 + $300
= $10,300 per month
The sign will be blue and it will have food places on it like Mc Donalds and Subway. Those food places will have a restroom so you would just follow the signs direction to that food place.
Hoped I helped!
