Answer:
III. maximize profit.
Explanation:
Profit maximisation is assumed to be the most important goal of most firms. Profit maximization means selling a product at the point where total revenue is at its greatest above total cost.
Profit is maximised where marginal cost equals marginal revenue.
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Answer:
Review labor costs downwards
Explanation:
Janet and Omar should consider revising their budget for labor downwards. In the current state, labor costs are $1000, which is approximately 57 percent of all costs. As a rule of thumb, labor costs should be between 25 to 35 percent of total costs. This implies that Janet and Omar's labor costs are very high in relation to the other costs.
Janet and Omar should aim for a profit. Ideally, a 25 to 30 percent profit is a good target for such a business. For this to happen, they need to cut down labor to between $300 to a maximum of $400.
Answer: Invitees.
Explanation:
Stan the property agent and Paula the potential buyer are invitees to Chelsea's property. An invitee is a person or group of people invited to the property of an individual for the purpose of a business transaction or a public visit.
Deficit Financing. Wh ich means that government spends more money than it brings in and makes up the difference either by borrowing funds or minting more money. Deficit financing can happen for a lot of reason and not only due to war or social programs.
Answer:
B. Clothing expenses