<span>The principle of opportunity cost is that the economic cost of using a factor of production is the alternative use of that factor that is given up.
</span> This principle is used as a measure to choose one economic choice and investment, either financial or capital, over another with the goal to <span>ensure that scarce resources are used efficiently.</span>
Answer:
C
Explanation:
Wrongful interference with a business relationship.
Kojo is liable for wrongful interference with a business relationship and Based on common law tort and contract principles, the courts can order that damages be paid to compensate national medco products for economic harm caused by Kojo who interfered with their business relationships due to the fact that Kojo is trying to solicit Malin's customers to breach contract with Malin.
Answer:
idea generation; commercialization
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.
A product life cycle can be defined as the stages or phases that a particular product passes through, from the period it was introduced into the market to the period when it is eventually removed from the market.
Generally, there are four (4) stages in the product-life cycle;
1. Introduction.
2. Growth.
3. Maturity.
4. Decline.
Although there are numerous stages in the new-product process, business firms typically develop a strategy that's in tandem with their set goals and objectives, then start idea generation such as brainstorming on how to produce the product, branding, specifications, etc., and continue the process through the final step of commercialization, which is the stage where the product is introduced into the market for the consumers to buy.
Answer: Option (D)
Explanation:
Financial management tends to first procure the funds and then further utilize it. Main objective of financial management can be considered to maximize the value of the organization to the owners. Value of the state owned entity is thus evaluated and scaled using the share price of their stock. The primary goal involves to maximize the value per share of the stock.
