Answer:
A. becomes positive once the value of the next best use of resources used in production is included
Explanation:
Economic profit is accounting profit less implicit cost or opportunity cost.
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
Accounting profit is total revenue less total cost.
If in the short run firms are earning economic profit, in the long run firms would enter into the industry and this would drive economic profit to zero. While economic profit is zero, accounting profit would be postive. So the firm would still be earning accounting profit.
I hope my answer helps you
Answer:A
Explanation:
Veracity : This simply means conformity with truth or facts. Since Bjorn felt that the focus group did not give him fact, he would hereby, adopt veracity to achieve his secondary research.
Answer:
<h2>The answer in this case would be option d) given in the answer choices or It describes all the positive features of your product.</h2>
Explanation:
- Under Consumer Value Proposition(CVP),one of the features of product or service selling constitutes an all benefit approach which involves providing concerned product or service to the customers or buyers without any comparison with other competitors or rivals in the market.
- In this case, as Christine provides a comprehensive demonstration of her product usage or utilization to the customers or buyers,it basically reflects providence of relevant product knowledge or information about the product features and characteristics without any direct consideration or reference to the market competitors or rivals.
- It is one of the common mechanisms under CVP to generate consumer attraction towards any particular product and thereby, enhance sales revenue and future profitability by increasing product sales
Option D
Employers can't fire an entire union because of the difficulty of replacing every worker best explains reason for unions give workers more power in contract negotiations
<h3><u>
Explanation:</u></h3>
One of the numerous significant advantages of getting collectively with your co-workers to create a union is obtaining the accuracy and protection of a union contract. A union contract is a printed contract among the employer and the employees that describes the phases and advantages in a sinless and legally-binding way.
The ability to be capable to recommend policy reforms or raise problems with a company as a whole preferably of just practicing them alone to a manager. A contract is not deemed to be in force till the membership has voted to approve it.
Answer:
The correct answer is letter "B": Rider.
Explanation:
A rider policy adds or restricts terms to an already existing insurance policy. This is typically used when the policyholder includes in the original coverage some others such as life, home, and auto insurance. Rider policies are typically low priced and in most cases are offered by the same insurance companies at a special discount to promote consumption among their insured.
