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Natasha_Volkova [10]
3 years ago
8

Select the answer that best describes opportunity cost:

Business
2 answers:
Lapatulllka [165]3 years ago
5 0

The best option that describes opportunity cost is:

C. What you gain as a result of choosing one option versus another; a benefit.

Opportunity cost is defined as the loss of a potential gain from another alternative being chosen. The best option is C, because it mentions what you gain and benefit from chosing something over another. Most people have opportunity costs in their life daily, but do not realize that they are constantly making these types of decisions.

Zanzabum3 years ago
4 0
(C. What you gain as a result of choosing one option versus another; a benefit.) 
It would be C, because if it's an opportunity then that means it's going to benefit you, your gaining a resource in your business.
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Public relations is best considered a __________ function
bonufazy [111]
Happy to help!

The correct statement includes the word: management.
Public relations is best considered a management function.

I hope I have successfully assisted you. Let me know if you have any questions!
~Brooke❤️
4 0
3 years ago
A person is planning to open a savings account with the intent to buy a house in 5 years. They will invest an equal amount each
lisov135 [29]

Answer:

The correct answer is C: $4300

Explanation:

Giving the following information:

They will invest an equal amount each month for 5 years.

This account will earn 6% per year(0.5% per month)and will have $300,000 at the end of the 5-year term

We need to use the following formula:

final value= {A[(1+i)^n-1]}/r

A= cuota

i= monthly interest

n= 60 months

Isolating A:

A= (FV*i)/[(1+i)^n-1]

A= (300000*0.005)/[(1.005^60)-1]

A= 1500/0.34885= 4300

3 0
3 years ago
Assume that the market for corn is perfectly competitive. Currently, firms growing corn are generating losses. In the long run,
igomit [66]

Assume that the market for corn is perfectly competitive. Currently, firms growing corn are generating losses. In the long run, we can expect "some firms to exit causing the market price of corn to rise.".

<h3>What is perfectly competitive market?</h3>

According to economic theory, perfect competition exists when all businesses sell the same goods, market share has no bearing on prices, businesses can enter or quit the market without any obstacles, consumers have perfect or complete information, and businesses are unable to set prices.

There are five characteristics that have to exist in order for a market to be considered perfectly competitive. The characteristics are -

  1. homogenous items,
  2. no entry or exit obstacles,
  3. price taker sellers,
  4. transparent products, and
  5. no seller has any control over market prices.

The three key components of perfect competition are as follows:

  • There are a lot of buyers and sellers in the market.
  • These buyers and sellers are in competition with one another.
  • The good being offered or purchased is uniform.
  • Companies are free to enter or leave the market.

To know more about; Why is perfect competition the best form of market structure?, here

brainly.com/question/4190313

#SPJ4

5 0
2 years ago
Kermit plans to open a boutique. The initial investment is $10,000. He has to spend $1,500 in annual operations and maintenance.
Setler [38]

Answer:

8.14

Explanation:

The Rate of Return is 8.14 from my calculations which you can find in the attached file.

Now since the Rate of return is 8.14. Which is less than MARR of 12%, it shows that investment is not good.

3 0
3 years ago
Read 2 more answers
A national restaurant chain encourages its customers to use its website as a means of providing comments about their experiences
lara31 [8.8K]

Answer:

The correct answer is (D)

Explanation:

The restaurant is using a micro-marketing technique which is an efficient and effective tool to measure marketing campaign. Micro-marketing method is used by the restaurant to help them understand the assessment of the customers and to make necessary changes. Micro-marketing technique is used to target a small group of customers. In this case, the restaurant is targeting customers who use the restaurant website.

7 0
3 years ago
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