Answer:
opportunity cost = 30,000
Explanation:
The opportunity cost is the return in the alternative investment:
250,000 x 12% = 30,000 opportunity cost
The economic profit would be the lease less the opportunity cost
35,000 - 30,000 = 5,000 economic profit
<u>Note: If there was two or more alternatives, </u>we should pick the investment with the highest yield.
Explanation:
The product life cycle can be a tool used by companies to adapt their strategies from the stage of product development to its decline in the market and thus increase the chances of being well positioned and competitive in the market.
In the initial phase of development, this is where the project and ideas are aligned and research is carried out on business feasibility, planning, dissemination, potential audience, budget, etc.
Answer:
OBJECTIVE AND TASK BUDGETING.
Explanation:
Objective and task budgeting is an effective budgeting strategy which considers the firm’s overall promotional objectives. The budgeting is then done according to the requirements for meeting these goals.
By running television ads and a social media campaign, the marketing manager has created a means to meet his objective or goal which is to improve market share for his paper plates by 2 percent in the coming year. He then proceeds to price how much the advertising would cost him and then sets the budget. This budgeting is done by OBJECTIVE AND TASK BUDGETING. This allows the marketing manager to allocate a certain amount of money to its marketing budget based on his objectives, rather than choosing an arbitrary amount.
The external customer base of the fire and emergency service organization include members of the public.
<h3>Who are the external customer base?</h3>
An external customer base is made up of customers of a business that are not within the organisation and do not have access to non-public information.
To learn more about external customers, please check: brainly.com/question/14565267
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