Answer:
inventory
Explanation:
Every item that is produced or purchased by the business in order to resell it and earn profit through it as a normal purpose of business, is considered as inventory.
In the given instance, Shroden manufactures consumer goods, like cookies, batteries, etc:
And since he targets to sell them and earn profit, all these manufactured products is the inventory of his business.
Answer:
There are limited number of large buyers, often geographically
Explanation:
<span>1. </span>Employ
a business that caters the needs of people such as owning a gymnasium. That way
it improves the quality of life of a person.
<span>2. </span>Basing
on the example above, it does not engage into any harmful practice.
<span>3. </span>Your
decision will depend on increasing the fee of gym users or improving the
interior design of your gym
<span>4. </span><span>It
provides support to the employee because they can interact with the gym users
and can use the gym too</span>
Being rational does not necessarily mean that you have to think what others might be thinking for rationality means you consider what is most beneficial and try to balance it out with the negative effects of a specific actions. The benefits and detriments of a certain act might be varied in each person.
Answer: Mental budgeting.
Explanation: This concept is very much in consistent with the concept of mental accounting. The concept of mental accounting says that a person has already classified the areas where he will be spending his income and each area has its own importance and is given particular amount to that. Contrary to this, however, the mental budgeting is the phenomenon which uses the same technique but in such a way that it calculates the amount to be spend on multiple areas beforehand and using the rational cognitive ability, imagine the possibility that if an area would be left without spending money on that, would that help him save or not.
