Answer: $52,840
Explanation:
The opportunity cost are the benefits he will give up to pursue his current venture of landscaping.
= Salary from working for uncle + Interest on the Savings to be used in business + Difference in market value if he waits till the end of the year
= 50,000 + (7% * 12,000) + (12,000 - 10,000)
= $52,840
Joint ventures have access to local partner's knowledge and shared development costs and risks are advantages in this foreign market entry mode. A joint venture often gives companies access to new markets. Two or more companies come together to benefit themselves and stay their own company.
Answer: allows businesses, within broad limits, to choose what goods to produce
Explanation:
Free enterprise also referred to as the free market is a form of economy whereby prices, services and products, are determined by the market, and not the government. In free enterprise, the susinesses and services are free from the control of the government.
Things that are free means they are unconstrained, while a business means an enterprise. Therefore, the free enterprise is an economy whereby the businesses are free from the control of the government.
Answer: Business can positively influence how society operates. It can build and maintain social capital through its core operations; the goods and services it provides; and the activities supported through increasingly global and complex supply chains.
Explanation:
Answer: e. Design analysis.
Explanation: Value engineering is defined as a systematic, organized manner of providing necessary functions in a project at the lowest cost possible thus promoting the substitution of materials and methods with cheaper alternatives, without the loss of functionality. Design analysis is a form of value engineering wherein several possible designs of a product or method is prepared, with each product/method having similar features with varying levels of performance and costs. It can be applied to any type of design both tangible and intangible and as a process, it includes all information discovery, planning and communications. It is focused solely on the functions of various components and materials, rather than their physical attributes.
