Good customer service means having thorough knowledge and having a positive attitude.
The seller surplus was $10 from this transaction. The discrepancy between the price paid and a good's marginal value is known as the seller surplus.
Seller surplus plus consumer surplus represents the sum of the economic benefits to each market participant from participating in the production and trade of the good at a price. The producer surplus is equal to the entire revenue from sales of a producer's goods minus the marginal cost of production.
Market price that is higher than the lowest price that producers would normally be willing to pay for their goods results in a seller surplus. Only variable (marginal) costs are deducted from seller surplus.
To learn more about seller surplus, click here
brainly.com/question/14829124
#SPJ4
Answer:
ROI= -$200
Explanation:
Rate of return is also called return on investment. It measires the increase or decrease relative to initial cost of investment.
For example if $500 was invested in a business and eventually it brings in a profit of $20 the return on the initial investment will be the $20 profit. If however there is a loss it will result in a negative return on investment.
In this scenario the stock does not pay any dividends and initial cost was $1,200
To get the return on investment
ROI= Final investment amount - Initial investment amount
ROI= 1,000 - 1,200
ROI= -$200
Answer:
The correct answer would be option B, Consumer Need.
Explanation:
Business objectives are basically the mission of the organization. Mission of the company is the purpose of the organization and the purpose of the organizations is usually to meet the customers' needs and fulfill their demands and desires through their products or services. The product or the service of the company is the way to meet and satisfy the customer's needs. Making high level products or giving high level services is the mission of the company. So it is true that a business objective is aligned with a customer need to be fulfilled by the business.
The situation described refers to an economic imbalance.
Economic imbalance is an economic term that refers to:
- The scenarios in which an economy does not show an equilibrium between two magnitudes that belong to it. For example:
The economic imbalance commonly occurs when the supply of a product or service and its demand are not balanced, on the contrary, they suffer variations that alter the market equilibrium.
According to the above, Georgina experienced this phenomenon (economic imbalance) with her idea of selling cupcakes at her school because the supply (12 cupcakes) greatly exceeded the demand for cupcakes from her schoolmates (3 cupcakes).
Learn more in: brainly.com/question/12414419
