Answer:
Money is often defined in terms of the three functions or services that it provides.Money serves as a medium of exchange, as a store of value, and as a unit of account. Medium of exchange. Money's most important function is as a medium of exchange to facilitate transactions.
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Answer:
Total economic costs per glass is $0.18.
Explanation:
The total economic costs will include both explicit and implicit costs.
Explicit costs are those which are directly measured, for instance, cost of inputs here.
The implicit costs is the indirect cost. Here opportunity cost is the implicit cost.
Total economic costs
=$(0.01+0.02+0.03+0.02+0.10)
=$0.18
So, the total economic cost is $0.18.
Buying an established business means immediate cash flow. The business will have a financial history, which gives you an idea of what to expect and can make it easier to secure loans and attract investors. You will acquire existing customers, contacts, goodwill, suppliers, staff, plant, equipment and stock.
Buying a business is generally considered less risky than starting your own business, especially if you can buy a well-managed, profitable business for the right price. Consider these advantages:
The difficult start-up work has already been done. The business should have plans and procedures in place.
Buying an established business means immediate cash flow.
The business will have a financial history, which gives you an idea of what to expect and can make it easier to secure loans and attract investors.
You will acquire existing customers, contacts, goodwill, suppliers, staff, plant, equipment and stock.
A market for your product or service is already established.
Existing employees and managers will have experience they can share.
Answer:
a would be the answer for the question
