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Ipatiy [6.2K]
2 years ago
8

What you give up to obtain an item is called your

Business
1 answer:
lara [203]2 years ago
7 0
A) Opportunity cost

because an opportunity cost is for example you have to pick from a xbox one or a ps4. You saw that the ps4 was more scarce for you but you had to give up the xbox one to obtain the ps4. Nothing is free in life!!! You sacrificed the xbox one for the ps4
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Assume yourself as a Marketing Specialist of a Company and Determine the New Product Development Process by manufacturing a New
Gwar [14]

Explanation:

Assuming my company produces body care products and decides to introduce a new product–a toothbrush, the development process would involve:

1. Idea Generation:

It smbegins with an idea or imagination of what the ideal toothbrush would be, what problem would it solve for consumers. The idea could be random or it could be as a result of an identified need.

2. Idea Evaluation:

Remember, it is one thing to have an idea but another to have an idea that would work. Therefore, quality time would be taken to separate workable ideas about the ideal toothbrush from bad ones. This idea evaluation process is a very useful stage in the product development process.

3. Concept Development and Testing:

Remember, testing the concept about the new toothbrush allows for an expanded idea. The prototype of the toothbrush would be tested with consumers to find out whether the idea is worth the effort. Their feedback would be noted to improve the product further.

4. Marketing strategy

5. Final Product development

6 0
2 years ago
During Year 1, Hardy Merchandising Company purchased $20,000 of inventory on account. Hardy sold inventory on account that cost
mel-nik [20]

Answer:

[b] = $ 2500

[c] = $ 7500

[d] =  Gross margin = 22500 – 15000 = $ 7500

   Net Income = 7500 – 4000 = $ 3500

[e] = $ 3500

Explanation:

Here the solution is given as follows,

3 0
2 years ago
A carbon tax would be an efficient method of addressing the problem of global warming because:a. it eliminates the positive exte
Annette [7]

Answer:

.b. it forces firms to internalize the external cost of emissions

Explanation:

A carbon tax is a fee imposed by the government on any firm that burns fossil fuels. Fossils most used by firms include gasoline, coal, oil, and natural gases. Burning of these fossils emits greenhouses gases such as carbon dioxide and methane, which creates global warming by heating the atmosphere.

A carbon tax forces enterprises to pay for the harsh effects of global warming on society.  If the tax is set at a high rate, it deters firms from burning fossils.  Companies adopt environmentally friendly production processes to avoid the carbon tax.

7 0
3 years ago
Use the drop-down menus to indicate whether each of the following events would be recorded as revenues or expenses at the time i
nikitadnepr [17]

Answer and Explanation:

The classification is as followS:

<u>Transactions                                 Accrual basis        Cash basis </u>

1. Cash received in advance      Not record              record the revenue

2. Purchase supplies                  Not record              Not record the expense

3. Received cash for services     record  revenue       record revenue

4. Perform services                     Record revenue       Not record the revenue

5. Pay cash for the supplies         Not record          record the expense

In this way it should be classified

4 0
3 years ago
Up-Town Express processed 89,233 packages this month. If this is 36.5% less than last month, how many packages did they process
solniwko [45]

Answer:

X=140.524.4≅140,524 Packages

Correct option is C (140,524)

Explanation:

Given Data:

Up-Town Express processed =89,233 packages this month

Less than last month=36.5%=0.365

Required:

Packages did they process last month=?

Solution:

Let say X is the number of Packages they process last month.

Equation from above data:

89233+0.365X=X

89233=X-0.365X

0.635X=89233

X=89233/0.635

X=140.524.4≅140,524 Packages

Correct option is C (140,524)

4 0
3 years ago
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