Answer: the answer is investment
Explanation: i just did the quiz
Answer:
Access to factors of production
Explanation:
Factors of production refers to all the resources that are needed in order to create goods or services. Generally, factors of production are divided into 4 category:
-Land
- Labor
- Capital
- Entrepreneurial skill
The woods that needed as raw materials from the text above is included as a part of 'land' . Since Resumbro have closer access to this resources, it will be cheaper for them to produce that materials, and it will be cheaper for Grettzee to buy it from another place .
Answer:
Number of meals = 100
Explanation:
The amount that the restaurant plan to spend on ads = $1000
The average selling price of meal = $10
The cost of food is = 30%
At breakeven, the total revenue is equal to total cost.
Total cost of advertsing = total revenue
So, the number of meals = $1000 / 10 = 100
Answer:
Concept
Explanation:
Tracy is about to launch a new product but before that, she is interested to get initial feedback from experts and customers. In order to show them how the product works and to share small details to better understand the product, Tracy needs to complete and distribute the concept statement. It will help customers and industry experts to know the purpose and the plan of Tracy.
