Answer:
a. $2,870, $1,330
b. $5,530, $70
Explanation:
The amount of profit earned is the difference between the total sales and the total cost. The total sales is the product of the selling price per shirt and the number of shirts sold while the total cost is the product of the number of shirts ordered and the cost per shirt.
Opportunity cost is the cost or worth of the alternative foregone.
Profit earned
= 600 * $14 - 790 * $7
= $2,870
Cost of waste due to excess inventory
= $7(790 - 600)
= $1,330
If the school receives actual sales orders for 800 shirts, the amount of profit the school will earn
= 790 ($14 - $7)
= $5,530 ( the number of units sold cannot be more than the number ordered).
The opportunity cost
= $7(800 - 790)
= $70
Answer:
A. The household purchase of a new refrigerator will directly lead to an increase in the consumption component of the Gross Domestic Product (GDP). Therefore, the GDP will increase by the amount of refrigerator purchased
Answer: Culture
Explanation:
Culture is the refers to the set of values, attitude and the ideas that are shared among the team members and the word culture is derived from the french word which means cultivation and the earth.
According to the given question, the culture is the defined as the knowledge for the specific religion or the group in the society. When we used to share the traditions, expectations and the beliefs withing the specific society or a group.
There are basically two types of culture that are as follows:
- Material culture
- Non-material culture
Therefore, Culture is the correct answer.
Answer:
The correct answer is E. respond quickly
Explanation:
Respond quickly is a great strategy to gain customers' fidelity.
