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3 years ago

What constitutes an implicit cost to the johnston manufacturing company?

Business

1 answer:

irakobra [83]3 years ago

4 0

Answer:

Interest on self funded capital , Self imputed salary of entrepreneur

Explanation:

Implicit Cost is the cost of business, which includes the imputed value of self owned factor services. No cash monetary exchange takes place for such costs, unlikely Explicit Costs (for which money factor payment is done). The implicit costs include the opportunity cost of all the factor services. It implies the cost of next best alternative of the factor services.

Examples

Interest on self funded capital , as it could have opportunity cost in terms of interest otherwise
Self entrepreneurial, managerial salary ; that reflects the opportunity cost in terms of salary that could be earned otherwise (skills employed somewhere else)

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3 years ago

The ________ phase of the strategic marketing process usually results in a(n) ________ that sets the direction for the marketing

zhenek [66]

Answer:

planning; marketing plan

Explanation:

The planning phase is the second phase of any activity. It is basically made after analysis of all the problems and opportunities.

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3 years ago

Marginal revenue for a monopolist is computed as :

ioda

Answer:

d. change in total revenue per one unit change in quantity sold.

Explanation:

A monopolist marginal revenue is change in total revenue per one unit change in quantity sold.

Average revenue is total revenue divided by quantity sold.

A monopolist is a firm that only exists in an industry.

I hope my answer helps you.

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3 years ago

You used to earn $76,000 a year in your old job! Suppose you return to college and earn an MBA, after which you get an upper-man

fredd [130]

Answer:

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3 years ago

CareerBuilder has posted a variety of sales management positions. Some require the manager to have five to ten years of experien

lubasha [3.4K]

Answer:

True

Explanation:

Job Specification is comprehensive set statement to demonstrate the pre-requisite of any job for which any hiring is to be done. Job specification includes information about job designation, location , roles and responsibilities, qualifications, skill set required, experience in terms of number of years, job objective and other necessary details specific to the job.

The objective of job specification is

To ensure that people with only right skill apply for job
It makes easier to filter out candidates based on the mapping of requirement and candidate profile
It makes easier for hired person to understand his responsibilities and get molded it into the role easily.

Since the problem says that Career builder has posted for sales management position which includes information on number years of experience and educational qualification, which is part of job specification and hence the statement is true.

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3 years ago