Answer:
D. The cost from the loss of customer goodwill.
Explanation:
The main shortage costs are the loss of customers that would now go and shop elsewhere. These costs are crucial as once the goodwill is lost it is unlikely the customers would return due to not having being catered the first time. Business want to attract new customers but most importantly they want to retain customers.
This type of shortage cost can be objectified further in marketing costs that were spent to get the customer at the store front in the first place which have been in vain.
All other options are restocking costs that are to be incurred regardless in lead times.
Hope that helps.
<span>Two systems are in place, inner and outer control systems. Inner controls consist of our personal morality and our general codes of ethics. Outer controls, on the other hand, are the people in our lives (family, friends, authority figures) who place indirect pressure on people as a way of keeping them in line.</span>
Answer:D. Moral codes and social sanctions
Explanation:
Moral codes refers to acceptable or right ethics that guides people's conducts . Social sanctions refers to actions not necessarily back or enforceable legally that force the people to behave in the right manner.
In the above scenario Brian was not willing to litter the floor due to anticipated public negative reaction s to her littering the floor with cigarettes butt.
It's not a contract for no two parties are involved, nor involved busines merger and neither is it a charity action.
Answer:
Co-Creation of value
Explanation:
Various action that increases the worth of business, services and goods is called value creation.
Co-creation of value is a business strategy. In this strategy the company encourages and promotes active involvement of the customer] for the creation of customized or on demand products. With co-creation the customers get exactly the type of product they want. Customer input plays an important role in value co creation.
Some shoe companies allows the customers to give their input so that they can customize the shoe as per the customers needs, it is an example of value co creation.
Answer: Option (D) is correct.
Explanation:
Correct: The country’s production possibilities curve will shift out.
The production possibility frontier shows different combination of two goods that are to be produced with the available resources. It also shows the point on the curve which represents the efficient level of quantity to be produced.
So, if there is any improvement in the factors such as technology advancement and level of education will generally results in higher economic growth and increase in the level of output.
Hence, there is an outward shift in the production possibility frontier.
