Answer:
Fixed costs are the costs associated with your business's products or services that must be paid regardless of the volume you sell. ... Insurance - the liability insurance you hold on your business. Rent - the rent you pay on your office, factory, and storage space. Utilities - electricity, water, and other utilities.
Explanation:
Answer:
The required probability is 0.066807
Explanation:
Given,
σ = 220
μ = 1200
The probability that a random selection of computer which will have the price of at least $1,530 is computed as:
P (X ≥ 1530 ) = 1 - P (X ≤ 1530)
= 1 - P ( X - μ / σ)
= 1 - P ( 1530 - 1200 / 220)
= 1 - P ( z ≤ 1.5)
= 1 - 0.933193
= 0.066807
Note: This 0.933193 value is taken from the z table.
Answer:
Trade-off. act of giving up one thing of value to gain another. Opportunity Cost. value of the next best alternative you could have chosen. Marginal Benefit.
Explanation:
Answer:
specialty store
Explanation:
Based on the scenario being described within the question it can be said that for this you would most likely choose a specialty store. This refers to a retail business that focuses on very unique and specific product categories, in which everything revolves around that category. This category may be unique but offer a wide variety of product offering within it.
Standardization and innovation play critical roles in the development of goods and services. Standardization allows for a stabilized starting point in which to move forward and develop other goods and services which is related to innovation. Standardization provides stability, a known factor which can be relied upon, whereas innovation is riskier and may not come to be successful endeavor. However, like all risk, that is the payoff for the investment in innovation, for if the innovative good or service can be successfully brought to market, the dividends for a payout can be well worth it.
