The term economists use to refer to the minimum amount that investors must earn on the funds they invest in a firm is Normal Rate of Return. This is further explained below.
<h3>What is
the Normal Rate of Return?</h3>
Generally, the Normal Rate of Return is simply defined as the average rate at which companies in the same industry as yours are able to turn a profit under typical conditions.
In conclusion, Economists use the phrase normal rate of return to refer to the minimum rate of return required by investors on their capital in a certain company.
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The President used "very difficult choices" to explains it is difficult to decide what would be funded and what would be cut
<h3>Who used the quote?</h3>
The quote was used by President Barack Obama during the 2012 Budget Message of the President.
Hence, he explained that it was difficult to decide what would be funded and what would be cut.
Therefore, the Option A is correct.
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Answer:
A. Cost - focus
Explanation:
Cost focus refers to the situation whereby a company or an organization compete with other companies or organizations based on price to target a narrow markets. It focuses on the minimization of cost within the focused market group. Organizations doing this seeks to achieve cost advantage in its target segment. By selling at prices that are below their competitors, Mountain Rescue is practicing cost focus strategy.
Answer:
An implied agreement is based on a formal agreement.
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implied contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, executory contract, etc.
Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.
Simply stated, mutual assent connotes agreement, acceptance and consent to a contract by both parties.
An implied contract can be defined as an informal contract that exists based on an assumption or understanding between two or more parties, rather than on terms that are formally and specifically defined.
This ultimately implies that, an implied agreement is not based on a formal agreement but on assumptions or understanding between the parties involved.