Opportunity cost is what you give up to do something
if you go to the concert, you spent $45 dollars but lose the opportunity to sell the ticket
if you sell the ticket illegally, you get $75 at the cost of not seeing the concert
the opportunity cost of attending the concert=75+45=$120
the opportunity cost is 120 dollars
Answer:
Marketing assessment
Explanation:
Marketing assessment is the best process you can use to make a business successful in the long run because marketing assessment is the comprehensive assessment of all the potential and risks involved in a new or existing business idea or project that is to be undertaken by a business entity.
In marketing assessment the effects of external barriers like environmental forces, market trends, competition in the market, taxes involved in the running of the business and even the resources to make the business flourish is comprehensively covered in details.
Financial Management is part of the whole process and not the process of making a business successful on its own.
<span>This is intensive distribution. This marketing strategy allows the company to get its product to as many customers as possible. This is in contrast to selective or exclusive distribution methods, in which a company tries to be specific about the markets and persons who are targeted by the product.</span>
<span>The extra $2 that she made beyond the $5 she was willing to sell her T-shirts for represents producer surplus. Producer surplus is defined as the difference between the amount of money the producer is willing to supply versus the amount actually supplied. Because she was willing to sell for $5 but sold for $7 and had an increase in money supplied, this example is one of producer surplus. </span>
Answer:
$125
Explanation:
average inventory = 500 / 2 = 250
annual holding costs = 250 x $0.50 = $125
also, if you want to determine the order cost:
EOQ = √[(2 x S x D) / H]
EOQ = 500
H = annual inventory holding cost per unit = $0.50
D = annual demand = 500 x 12 = 6,000
500 = √[(2 x S x 6,000) / 0.50]
500² = 12,000S / 0.50
250,000 x 0.5 = 12,000S
125,000 = 12,000S
S = 125,000 / 12,000 = $10.417 ≈ $10.42
annual ordering costs = $10.42 x 12 = $125.04
