ANSWER:D
EXPLANATION:it puts the word out in public
Answer:
The answer is: Economic profits is equal to the difference between accounting profits and implicit costs.
Explanation:
Unlike accounting profits which only take explicit expenses into account, Economic profits take both explicit and implicit costs into account to come up with the net worth a firm/a project is generating.
These implicit costs are opportunity costs which by operating a firm or by taking a project, an economic benefit has to be sacrificed for the firm or the project to be operated/ carried out.
So, to come up with economic profit from accounting profit, we have to further subtract implicit cost from accounting profit or:
Economic profit = Accounting profit - Implicit costs.
<span>Carmex is using the Target Pricing strategy in order to be able to keep an higher price and yet having the desirable amount of sales. This strategy has three key points:
1) identifying the price at which a product will still be competitive
2) defining the profit to be made when selling the product, based on what demography is willing to buy
3) Finding the target price with the data previously found</span>
Answer:
The answer is A. resources are shared by more than one product or service.
Explanation:
Indirect cost are costs that are not directly related or traced to any product or activity. They are shared or used by more than one activities. Examples include, Adminstrative expenses, advertising expenses, telephone expenses, rent, office expenses etc.
Like direct cost, indirect cost can be fixed or variable.
Indirect costs are used by business as a whole and not just limited to a particular product.
Option B is not correct. Cost that are directly traced or related to a product is known as direct material. For example, direct labour and direct material used to produce a particular good.
Option C and D are also wrong
Answer: improves efficiency for Taylor at work
Explanation:
Taylor's ability to manage all his files and folders logically helps him to be efficient in his work place. He is able to track every event, plan his day and knows what to do when either things are going well or not, and how to follow every detail of his business.
