DECA stands for Distributive Education Clubs of America and it is a CTSO (Career and Technical Student Organization). A CTSO’s purpose is to provide co-curricular opportunities for students to receive career and technical education support to enhance their learning experience. DECA specifically focuses on preparing students in four career clusters: Business Management & Administration, Finance, Hospitality & Tourism, and Marketing.
Thus, the answer to the question is marketing students.
Answer:
opportunity cost = $85
Explanation:
given data
game ticket costs = $20
parking cost = $15
Ed earns = $10 an hour
time = 5 hour
solution
first we get here opportunity cost for 5 hour on game that is
so Ed earns for 5 hour is = $10 × 5 = $50
so here opportunity cost will be
opportunity cost = Ed earns + parking cost + game ticket costs ............1
put here value and we get
opportunity cost = $50 + $15 + $20
opportunity cost = $85
Answer:
The statement is: True.
Explanation:
Order winners are those products that customers recognize of having the minimum requirements so they can consider to purchase them and that are better than their competitors eventually making consumers buy them. Thus, firms must keep core competencies aligned to the customers' order winners.
Answer:
Importance : Opportunity cost is lost Contribution
Effect : Opportunity cost increases the variable costs of the decision that has been chosen
Explanation:
Opportunity Cost is a lost contribution. Contribution is calculated as Sales less Variable Costs.
Considering opportunity costs is very relevant to a firm because it constitutes part of the money lost that cold have been earned when another alternative course of action is chosen over another. The opportunity cost <u><em>would have been</em></u> the revenue for the disregarded option.
So opportunity cost increases the variable costs of the decision that has been chosen.
Answer:
15.6%
Explanation:
Investment = $3200
Net savings = $500
Investment returns in % = Net savings/Investment × 100
= 500/3200 × 100
= 0.15625 × 100
= 15.6%
