Answer:
Possession utility
Explanation:
Possession utility is the value consumers derive from purchasing a good and there is an option for them to make use of the good for the primary function it was made to perform or when it is possible to make use of the good in another way.
The possession utility of a product can increase when a customer is given a means of finance that affords him an immediate enjoyment of a commodity by paying little or no money for it.
Therefore, possession utility increased when fast-food restaurants began accepting credit.
Since the cost of $20,000 has been incurred two years ago, the firm should check and see as to how many units of the product were produced in the two years. Did the firm produce enough items to break even the cost of acquisition. Additionally the business should also check the current market value of this two year old equipment. The business manager should weigh in the savings that is to be obtained from outsourcing along with the resale value of the old machine and then take a declension as to whether the company should go for outsourcing. Also, the business manager must examine whether the outsourcing can happen for the long run. This is because two years down the line, outsourcing may have increased the cost and again another process may look attractive. So a through cost benefit analysis should be made before taking a decision.
Answer:
a. the increase in total resource cost associated with the production of one more unit of output.
Explanation:
Consider the following calculation
The MRC=TC at N inputs -TC at (N-1) inputs
The marginal resource cost is an addition cost of a new input hired.
The division of the customers into groups of the similar people is known as market segmentation. Thus correct option is (B).
<h3>What is Market Segmentation?</h3>
Market segmentation is the marketing strategy in which the people are divided into similar groups making the small segments who has the common needs and respond same to the marketing action.
Market segmentation is the process of grouping comparable clients together. Therefore the correct option is (B).
Learn more about Market segmentation here:
brainly.com/question/14781409
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