Answer:
200 cookies
Explanation:
The concept of opportunity cost arises as a result of the limited resources available to satisfy the unlimited human wants.
Opportunity cost is the cost or worth of the item forgone from the list of wants. Hence is is also called real cost or opportunity foregone.
The scale of preference ranks the wants in the order of preference.
If the resources available can only satisfy the first want, the second on the list is the opportunity cost.
As such, Susan's opportunity cost is the 200 cookies she failed to bake.
Answer:
Equilibrium quantity and price will decrease
Explanation:
Inferior goods are the products or services whose demand increases with an increase in price. An Inferior good contracts a normal product whose demand falls with a rise in price. Should consumer's incomes increase, the demand for inferior products and services will decrease.
If potatoes are inferior goods, an increase in incomes will result in a decrease in their demand. The equilibrium quantity will decrease. If and a new higher-yielding variety of potato plant is developed, it will create competition for the inferior potatoes. With an increase in income, consumers tend to prefer 'perceived' high-quality and more costly products. The new higher-yielding variety will be demanded more, which will result in a decline in prices for the inferior potatoes.
Answer: the firm's orientation toward and strategy for global markets and marketing.
Explanation:
The options to the question are:
A. the firm's financial capacity to take risks.
B. the willingness and ability to embrace diversity.
C. the firm's orientation toward and strategy for global markets and marketing.
D. the relative position of the product or service in terms of its life cycle.
E. the relative size of the firm both in financial terms and in production capacity.
International firms are the firms that have their headquarter in a particular country but still maintain vital investments outside that particular country.
A multinational company is a company that has factories in different parts of the world but has centralized head office. The centralized head office handles the global management.
A transnational firm is a firm that does business in several countries and does not consider any country its home.
The key factor that distinguishes one from another is the firm's orientation toward and strategy for global markets and marketing.
Answer: Purpose is something that influences goal. And objective is the specific action which one try to achieve as a short term plan.
Explanation:
Answer: $651,000
Explanation:
From the above question, Apple's iPod carries a two-year warranty against manufacturer's defects.
warranty costs are expected to be approximately 3% of sales.
Total sales are $30.7 million, and actual warranty expenditures are $270,000.
Total warranty cost = $30.7 million x 3% = $921,000
During the 1st year only $270,000 of warranty expenses was made.
Therefore the company will carry as liability at the end of the year a total of $921,000 - $270,000 = $651,000