For the initial purchase, Geraldine already has the gain of
$40,000 - $20,000 = $20,000
Because he succcesfully bought the land below the market value.
After the sale, the total gain would be
$20,000 + ($45,000 - $20,000)
$20,000 + $ 25,000
= $45,000
d. tyler says his profit is $34,100, and greg says he lost $6,500.
Accounting profit is simply revenues minus explicit (direct) costs whereas economic profit factors in opportunity costs and explicit costs.
Decisions are needed both for tackling the problems as well as for taking maximum advantages of the opportunities available. Correct decisions reduce complexities, uncertainties and diversities of the organisational environments.
Warranties do little to inform the customer about perceived product quality and manufacturer commitment to customer satisfaction.
Proper products ought to have a stable value proposition and solve a real hassle, be comprehensible via customers, perform their undertaking as effortlessly and efficaciously as viable, and emerge as better and tougher to component with the more they may be used.
The perceptions customers have of a brand, its values and its products and services may have a dramatic effect on client buy behavior. If a business can foster effective perceptions targeted on these aspects, it is in all likelihood to construct a sustainable, loyal and growing consumer base.
Customer notion is extraordinarily motivated by the non-public revel in that a patron had even as buying and using a particular product. If the pleasant, customer support, rate, logo, coloration, discounts.
#SPJ4
