Answer:
irrelevant costs in Boise’s outsourcing = $25500
Explanation:
given data
variable costs = $80,000
fixed operating costs = $25,000
administrative overhead = $18,000
fixed operating costs reduced = 70%
to find out
The irrelevant costs in Boise’s outsourcing decision total
solution
we get here first reduction in traceable cost that is
reduction = 30% of $25,000
reduction = $7500
so irrelevant costs in Boise’s outsourcing will be
irrelevant costs in Boise’s outsourcing = administrative overhead + reduction cost
irrelevant costs in Boise’s outsourcing = $18000 + $7500
irrelevant costs in Boise’s outsourcing = $25500
The element of marketing mix that this scenario presents is
the promotion. It is because promotion is making use of media or advertisements
in means of having to make your business or market to be known of to the public
in which the owners of ‘Have it your way hotdog’ engages to as they made use of
advertisement in the program of the league basketball team.
Answer:
scarcity.
Explanation:
Scarcity can be defined as an economical problem that gives the relationship between non-renewable (limited) resources and the limitless wants and needs of consumers.
Basically, it's very important that producers of goods and services make decisions that would help them on how to efficiently allocate scarce or limited resources, in order to meet the unending requirements, wants and needs of consumers.
In Economics, an example of scarcity is that most of the resources used for the manufacturing of finished goods and services are nonrenewable, and as a result, the wants and needs of the end users or consumers are limited. Thus, economists would advise that economies should decide on what to produce, how to produce, when to produce and for whom to produce due to the finite and limited nature of resources i.e the concept of scarcity.
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