Answer:
Value is defined by what needs to be done
Explanation:
In marketing, value is not defined by what needs to be done, rather it is defined as the satisfaction or benefit that a consumer derives from using a product or service.
This definition of value is always used in comparison to the costs the customer has paid before enjoying those benefits
Hence Value could be said to be Benefits of buying a product - Costs paid for the product
Answer:
because he\she will see it right away
Explanation:
Answer:
b.it is best to ignore sunk costs and keep the bed & breakfast operating.
Explanation:
The owner of the store will face the mortgage cost wether the bed and breakfast is open or closed therefore it should be ignore in the short-term for the decision wether or not to keep the business open.
The business revenues are 6,000 while their cost 4,000 thie means there is a contribution of 2,000 then we subtract the mortage to get a loss 1,000
If closed the losses will increase to 3,000 asthe mortage expense would not disappear.
We should keep it open and look for ways to either sale or rent the space for a better gain than 2,000
Answer:
Antitrust law
Explanation:
Antitrust law are a collection of federal and state laws which is meant to create a conducive atmosphere for businesses to operate, such that there would be healthy competition among businesses. This law cut across all sectors such as transportation, health, manufacturing industries etc.
Examples of law promulgated for antitrust are the Sherman act, the Clayton act; all of which are responsible for the prohibition of certain practises by business such as illegal price fixing and corporate mergers which could hinder a market from being competitive, hence break them into smaller units.
Answer:
One of the biggest warning signs of predatory lending is high, three-digit interest rates. For example, rates of 400% APR are typical on payday loans and car title loans. However, some lawmakers seek to cap interest rates at 36% to keep loans affordable for borrowers.