Answer:
Budgets
Explanation:
Budgets are prepared for a future date and it creates a basic estimate and projection of future income and expenditures.
The income statement is prepared which presents the income and expenditure for a period which has lapsed.
Basically for a period that is past now. When future projections are created based on analysis and expectations then it is called budget.
Budgets reflects the expected performance of the company in the near future, based on the estimate about what the company members can perform.
Answer:
Infant-industry argument
Explanation:
Infant-industry argument says that a particular industry can't compete with other international competitors because of the economies of scale. So, they demand a temporary protection until they gain economies of scale to be ready to compete on a level playing field.
Note: This can also come in the category of 'unfair competition' argument as huge economies of scales of well established companies create an unfair environment for nascent industries to compete on a same level.
Answer:
D. demand is unitary elastic.
Explanation:
A unitary elastic demand means that the quantity demanded will change proportionally to any change in the price of the product or service. E.g. price decreases by 10%, then quantity demanded will increase by 10%.
The marginal revenue curve represents the additional revenue generated by selling one more unit. As the marginal revenue curve approaches 0, it means that selling one additional unit generates lower revenues.
As a new Curtis hire, the first step in looking for a supplier is to explore priorities within your own company and find out which Curtis stakeholders, such as manufacturing and marketing, need a supplier.
Every organizational action comes from planning, there needs to be analysis, gathering of relevant information, evaluation of alternatives and therefore decision-making.
Therefore, the choice of a new supplier must be based on the company's needs, and the one that offers the best opportunity cost, the best price, service and quality must be chosen.
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Every human has a desire for better standards of living. For this, they need to change with their desires and wants for the better in terms of food, clothing, and living
