It is the medium of exchange. It serves as the mediator instrument used to encourage the deal, buy or exchange of products between parties. For an instrument to work as a medium of trade, it must speak to a standard of significant worth acknowledged by all gatherings. In present-day economies, the medium of trade is money.
Answer:
Maximize 30A + 40B.
Explanation:
Given that
Profit margin of product A = $30 per unit
And, the Profit margin of product B = $40 per unit
And, let us assume that
Number of product A produced is A
And, the Number of product A produced is B
So, the total profit is
= 30A + 40B
And, this reflects the maximum profit
All other information which is not given is not relevant. Hence ignored it
Answer and Explanation:
Heidi Ganahl is explaining the preparing aspect of the management process. The first management role is the planning component which is the management process.
Heidi, before the new franchise is created, will have to clarify the performance standards and metrics. It will need to include detailed, but easy-to-understand plans, involving strategic planning, to ensure continuity between the new owner and the entire franchise.
Answer:
remain actively aware of the fact that there is little or no connection between separate, objective competencies. Just because an individual scores highly in one area has no relation to how they will fare in other areas.
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hope it helps
Answer:
produces
increases
trade-offs
Explanation:
The law of increasing opportunity cost states that when firms decide to make additional units of a certain product by reallocating resources, they do that at a higher opportunity cost than the previous production. The major traceable reason for this is inefficiency in resource reallocation.
This increase in opportunity cost is associated with increasing and increasing trade-off.
