Some non-monetary costs of attempting to eliminate risks a are time costs, search costs, and psychological costs .
Non-Monetary cost is a cost which a buyer pays other than money, to acquire a thing.The non-monetary price of acquiring a product comprises the time spent looking for it and the risk taken that it will provide the desired benefits.
Non-monetary costs are another type of sacrifice that customers feel when they purchase and use a service. When deciding whether to purchase a service or repurchase it, time costs, search costs, and psychological costs are frequently taken into consideration and may occasionally be more significant considerations than monetary price.
The psychological expenses associated with receiving these services are the most distressing non-monetary charges. Fear of rejection (bank loans), fear of not understanding (insurance), and worry of uncertainty (including fear of high cost) are all examples of fears.
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Answer:
To help expand New Belgium’s brand(NBB) image to consumers in different other parts of the country, NBB will have to link advertisements to the company’s social network pages. This would be the most efficient and effective way to stream advertisement to new countries, or different other parts of the country.
Explanation:
NBB carries a strength of knowing their brand. With an expansion making use of branding and communication strategies, they would have succeed in their goal of being a unique culture remaining committed to their initial mission of being a fun, socially, and environmentally responsible company. For the company to maintain its whimsical and personal touch with consumers, NBB should spring forth new ideas to communicate with consumers, this will keep the customers updated and make them interested in staying loyal to the company.
I believe the correct answer from the choices listed above is the third option. Explicit costs are easily identified because a recent market transaction is available to provide an accurate measure of costs. It <span>is a direct payment made to others in the course of running a business, such as wage, rent and materials.</span>
Your answer: work more hours
Answer:
The minimum cost will be "$214085".
Explanation:
i) When quantity = 1-1500, price = $ 12.50 , and holding price is $12.50 * 20 %= $2.50.
ii) When quantity = 1501 -10,000, price = $ 12.45 , and holding price is $12.45 * 20 %= $2.49.
iii) When quantity = 10,0001- and more, price = $ 12.40 , and holding price is $12.40 * 20 %= $2.48.
know we should calculate the total cost of EOQ1 and break ever points (1501 to 10,000)units
The total cost is less then 15001. So, optimal order quantity is 1501, that's why cost is = $214085.
