I believe the Appraier is using: <span>Direct Sales Comparison Approach (mostly used with residential properties.
Direct sales comparison approach is an appraisal method that being done by comparing the sales that happen between similar properties/products to determine the value of that properties/productss</span>
I’m not sure about the first one (my best guess is B.) but the second one is A.
Answer:
$150,000
Explanation:
Economic profit is accounting profit less implicit cost or opportunity cost.
Accounting profit = Total revenue - Total cost
Economic profit = Total revenue - Total cost - Opportunity cost
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives. The opoortunty cost of the web designer is $50,000.
Revenue is $550,000
Total cost = $250,000 + $30,000 + $70,000 = $350,000
Economic profit = 550,000 - $350,000 - $50,000 = $150,000
I hope my answer helps you
Answer: The free enterprise economy seeks to maintain economic freedom. As mentioned earlier, the goal is for businesses to be able to make their own decisions with little government interference. Efficiency - The goal of efficiency is to make the best use of the resources that are available.
Answer:
a long term partnership
Explanation:
A relational orientation is a concept of marketing which is aimed at creating a relationship between the salesperson and the customer on a long term basis.
The concept identifies that when a long term relationship is created with the customer, it will bring about customer loyalty. A customer that is loyal will mostly buy or purchase goods or product from the salesperson.
Example of relational orientation is purchasing a car from a seller by the buyer due to the long term relationship already established. This type of arrangement is essentially good for products purchased in large quantities.