Answer:
Sunk costs.
Explanation:
Sunk costs refers to historical funds spent or incurred that cannot be recovered. Such costs are considered irrelevant during decision making which impacts on the business's future as they present no influence on present or future prospects.
Example
ABC investors decide to acquire land and develop residential houses at a location X. This decision is informed on the fact that the government had recently enacted a policy that led to an increase in demand for residential properties in that location. 6 months into construction of the residential houses, the government reviews and rescinds the policy. This leads to a sharp decline in property values in location X. ABC investors had already incurred 10 million dollars in the project. The 10 million dollars is considered sunk cost.
Sunk costs are the opposite of relevant costs because they can't be changed or recovered, as they've been spent or contracted in the past already. Hence, relevant cost are relevant for decision-making purposes but not sunk costs.
Hence, money that has been or will be paid regardless of the decision whether to proceed with the project is sunk costs.
Daryl is the founder of a successful smartphone application. He is detail oriented and has high expectations of his employees. He rewards them with bonuses for a job well done but employees do not know him well. Daryl is a Transactional Leader.
Transactional Leader is a leader who rewards his employees for a job well done as well as punish them for a job bad done. There is a distance between the leader and the employees. Leader helps their employees in doing good work and also rewards them when they do good, but they have a formal distance and relationship with each other. He expects high from his employees. That is why he rewards them or punish them as well.
Answer:
The correct answer is letter "A": to ask if the industry's growth and profit prospects are strongly attractive to potential entry candidates.
Explanation:
The worldwide economy has allowed firms to expand their operations benefiting them by exploring new markets and increasing their number of customers, thus, generating more revenue. Before the firm decides to go ahead with the venture, <em>a market analysis must be performed to determine if the industry in the target country is growing and facilitates the operation of the business to ensure profits.</em>
Answer:
See below
Explanation:
<u>1. How revenue affects Profits</u>
Revenue is income that a business receives selling its products or from the services it provides. Income from other sources such as win in lawsuits is also revenue.
A business with high revenue is more profitable than a company with low income. For a business to make profits, its revenues must exceed its total expenditure. Profit is total income minus expenses. After the breakeven, extra sales contribute to profits. The more the sales, the higher the profits. Low revenue makes low profits.
<u>2. How do expenses affect profit?</u>
Expenses are costs incurred by a business in its productions and sales processes. Service providers incur expenses as they provide services to customers.
Expenses have a direct impact on profits. High costs may result in losses. Profits are realized after deducting expenses from revenues.
If the expenses are high, then profits will be minimal. Low expenses will result in high profits.
I believe the answer is:
(B)radio announcer
(D)graphic designer
It is very common for Radio announcer to invite and interview guests and They are basically interacting with clients and fulfilled the client's wish regarding how their products need to be advertised.
Graphis designer, also require constant interaction with the customers in order to know whether the desing that is made by the designer is suitable with the image that the customers have in mind.
