Opportunity cost refers to a particular thing that is given up in order to acquire another thing. Choices have to be made and something has to be given up because resources are scarce. In the question given above, Gretchen gave up buying two jeans, she bought one instead so that she can buy a guitar amplifier. The jeans, which should have cost $50 that she gave up and did not buy is the opportunity cost in this case.
Answer:locations and symbols such as a compass
Explanation:
Answer:
Maximum money that bank can lend is $50,000
Explanation:
Given data:
Amount deposit is $10,000
reserve ratio is 0.20
Maximum money that bank can lend is calculated as
maximum money = (deposit - reserve)× money multiplier
money multiplier 
money multiplier
and reserve is zero hence
maximum money = (10,000 - 0)× 5
maximum money = $50,000
Answer: A salesperson can do many things to add value in your products.
The ability of add value to a product is absolutely necessary. It can be done in some ways. It can be done providing advise and strategic support, have purchasing levels with benefits significant in value, have service level for clients. It is important to have a speed service.
It is important to understand that if someone already bought your product and liked, it will buy again, probably.
Answer:
True
Explanation:
The four stages of Operation Contribution are
1. Internal Neutrality
2. External Neutrality
3. Internal Supportive
4. External Supportive
