<span>The principle of opportunity cost is that the economic cost of using a factor of production is the alternative use of that factor that is given up.
</span> This principle is used as a measure to choose one economic choice and investment, either financial or capital, over another with the goal to <span>ensure that scarce resources are used efficiently.</span>
Answer:
Option C; THE RELATIVE POSITION OF COMPETING BRANDS BASED ON HOW THOSE BRANDS ARE PERCEIVED BY CONSUMERS.
Explanation:
Brand Positioning is a strategy that brands use to differentiate themselves from other brands and create the most unique impression in the minds of the consumers.
A perceptual map (also called as a positioning map), is a visual representation of how consumers perceive a brand.
Brand perceptual maps are valuable tools for visualizing consumers’ perceptions of a brand compared to how they perceive its competition.
It is the best qualitative method to understand how a brand is performing in the market, and what the consumers feel about it.
Therefore, the statement that most accurately defines perceptual brand mapping is THE RELATIVE POSITION OF COMPETING BRANDS BASED ON HOW THOSE BRANDS ARE PERCEIVED BY CONSUMERS.
A revenue tariff is a tax applied to increase the revenue(money brought in) of an economy. Usually occurs in business. For example, oil that is imported or exported from the US is a revenue tariff.
Answer:
a) Permanent source of finance
b) Spontaneous source of finance
c) Permanent source of finance
Explanation:
With transaction b), The credit is for day to day operations making it a spontaneous funding but credit usually do not take more than 90 days to pay therefore temporal can also fit in nonetheless Spontaneous is more appropriate as the credit is a spontaneous source of funding.
Answer:
Net operating income $15,000
Explanation:
Flagger Company
Income statement for the year ended , 31 December
Fee earned
165,000
Less : Operating expenses
Salaries and wages 40,000
Rent expense. 51,000
(91,000)
Gross profit.
74,000
Less: Selling expense.
(44,000)
Profit before interest and tax.
30,000
Less interest expense.
(18,000)
12,000
Add: Interest income.
3,000
Net operating income.
15,000
