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Brut [27]
3 years ago
11

If a company has a resource that could be used for something else, the cost is the profit that could be derived from the best al

ternative use of the resource. (Enter only one word per blank.)
Business
1 answer:
dem82 [27]3 years ago
8 0

Answer:

Opportunity.

Explanation:

Opportunity cost is defined as the forgone alternative of doing a particular activity. For example if I can go to a movie or work and I decide to go to the movie. The opportunity cost is the wages I would have earned had I gone to work.

In this scenario if a company has a resource for example a car that can be used to either transport inventory of the the sales team out for sales activities. The opportunity cost of taking a sales trip will be the cost that would have been saved by picking up the inventory.

Total economic cost is the sum of the cost of doing something and the opportunity cost of forgone alternative.

You might be interested in
During the _______ stage of the product life cycle, sales rise, profits rise rapidly, and there are a few but increasing number
Butoxors [25]

Answer:

Growth

Explanation:

The growth stage of a a product's life cycle is one in which a product's starts to gain a lot of acceptance among consumers, the product industry and the public as a whole. During this growth period also, sales and revenues start to increase as a result of the acceptance of the product.  

Cheers.

6 0
3 years ago
Four Seasons Hotels sell private residences in several of their properties and send direct mail to prospective residents asking
Debora [2.8K]

Answer:

The correct answer is Lead generation.

Explanation:

A contact or lead is any user of a web page that, at a given time, provides us with their data in a form, thus losing their condition of anonymous visit and becoming a contact on which to track.

Lead acquisition would be all those actions or processes focused on getting contacts with which to nourish our database. In an inbound marketing project it would consist of the Convert or Conversion phase.

Basic characteristics of a lead:

  • The only data that is absolutely essential is the email address.
  • It is also mandatory that these leads have previously accepted the company's privacy policy since otherwise it is not legally possible to track them and send them more communications.
5 0
4 years ago
A company purchased inventory for? $700 per unit. the company later sold one unit of the inventory for cash of? $2,400. under th
Alexandra [31]
<span>Under the perpetual inventory system, the accounts that will be debited to record the sale is that the cost of goods sold is $700 and the cash is $2,400. In using a perpetual inventory system, the important entries that are to be prepared when two units of merchandise are sold on account are debit accounts receivable and credit sales revenue and debit cost of goods sold and credit inventory.</span>
5 0
3 years ago
If wealth increases, the demand for stocks ________ and that of long-term bonds ________, everything else held constant.
cricket20 [7]

Answer:

Increase

Increase

Explanation:

When wealth increases, the disposable income of individuals increases and individuals are more willing and able to invest in stocks and long term bonds.

I hope my answer helps you.

7 0
3 years ago
What is a conglomerate? a large corporation that produces and sells its goods and services throughout the world the combination
miskamm [114]

Answer:

A conglomerate is a business combination merging more than three businesses that make unrelated products.

Explanation:

A conglomerate is a group of companies with different activities. This business concept spread to Europe from the United States after World War II. The benefits were considered to increase the company's long-term profitability by spreading risk to various business areas.

However, conglomeration often led to an increase in administrative costs. Furthermore, the conglomerate's management rarely had the competence to handle a number of companies in different industries. The conglomerates that were listed on the stock exchange were regularly valued lower than the total market value of the subsidiaries, indicating that the stock market did not believe in the very idea of ​​creating such corporate groups. The risk diversification that the conglomerate was aiming for could equally well be achieved by the individual investor in his own equity portfolio. Therefore, since the 1970s, many conglomerates have split up, and most companies have instead focused on creating competitive advantages through their core business.

6 0
4 years ago
Read 2 more answers
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