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fredd [130]
4 years ago
11

TP5. LO 7.2How might service industries predict revenue?

Business
1 answer:
dalvyx [7]4 years ago
5 0

Answer:

Budgeting, forecasting and planning

Explanation:

Service industries uses budgeting, which includes expected sales  and operational cost, to forecast, plan and predict revenue. With regards to forecasting; historical or past company data are used to make sound prediction.

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This is where labor and other factors of production are sold in the circular flow model of income in economic theory *it’s for e
erik [133]

Answer:

Resource Market

Explanation:

A resource market is a market from where businesses purchase inputs that can be used for production.

Resource Market is a market where labor and other factors of production are sold in the circular flow model of income in economic theory.

In Resource Market, households are the sellers and firms are the buyers.

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3 years ago
What are the two ways a company can translate its low-cost advantage over rivals into attractive profit performance
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4 years ago
One of the elements of the Fraud Triangle focuses on how easy or hard it is for the internal control system to prevent any fraud
olga55 [171]

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Explanation:

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8 0
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