Answer:
Actor: Firm, individual, nation, or other participant in the economy. Opportunity Cost: The benefit that would have been received by taking the next best.
Explanation:
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.
Answer:
E) agglomeration economies
Explanation:
Agglomeration economies refers to a lot of companies being located close to one another. Generally most of these companies work on the same industry, e.g. Detroit for car manufacturers.
The main advantage of agglomeration economies is that synergy may be created between different firms which allows them to be more efficient and productive, and at the same time they will lower their costs.
Answer:
<u>Annual rate of return which will be earned from today is 5.89%</u>
Explanation:
FV = PV (1+r)^n
r is int Rate per anum abd n is balance period
10000 = 6700 ( 1 + r)^n
10000 = 6700 ( 1 + r)^7
( 1 + r)^7 = 10000 / 6700
= 1.4925
1+r = 1.4925^(1/7)
= 1.0589
r = 1.0589- 1
= 0.0589 i.e 5.89%