Traditionally, small businesses tended to be concentrated in the retail or retailing industry.
The retail industry involves a business that sells good or services to a consumer. The sell these items based on the demand of the good or service. Even today, the retail industry is growing fast and still one of the main focuses of small businesses.
Answer:
a. Variable cost
Explanation:
Variable cost -
It refers to the amount of money which increases or decreases with the production output , is referred to as variable cost .
Variable cost is directly proportional to the production .
For example , the cost of raw material increases as the production of the output increases .
In numerical terms , the variable cost is the sum of the marginal cost over the total units .
The summation of the fixed cost and variable cost gives the total cost .
Hence , from the given scenario of the question ,
The correct option is a. Variable cost .
Answer: Internal recruiting
Explanation:
Internal recruiting is when an organization fills its vacancies from its existing workforce.
In this case, rather than looking for applicants to the position outside the company, the company fills the available position with some of its staff. On the other hand, external recruitment is when the position is filled by outsiders.
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