higher prices and higher outputs
The media mix is the combination of media used and the frequency of advertising in each medium.
Answer:
Economic loss=$(28,000)
Explanation
Accounting profit is the difference between total revenue and explicit cost.
Explicit cost refers to all cash and non cash cost incurred to produce the goods and services
Economic profit = sales revenue - explicit cost - implicit cost
Implicit cost is the opportunity cost - the value of the next best alternative sacrificed to produce the product.
The opportunity cost in the case is the worth of the offer to work elsewhere which is equal to $25,000
Economic profit = (7,000× 6) - 45,000- 25,000=$ (28,000)
Economic loss=$(28,000)
Answer:
(E). Project
Explanation:
A <u>project</u> based organization structure is one that is created when an organization has projects to implement. This structure is <u>used to ensure the projects are run separately and smoothly, and do not interfere with each other.</u>
Each <u>project manager supervises or coordinates his team members</u> with the goal of accomplishing the objectives of the project within a given period of time.
