profit is the sum of all the values that customers give up to gain the benefits of having or using a product or service. Hence, option B is correct.
<h3>What is profit?</h3>
The term "profit" refers to the monetary gain realized when the income from a commercial operation outweighs the expenses, charges, and taxes related to operating that enterprise.
Your profit is the amount of money left over after paying your business's expenses. The three main categories of profit are gross profit, operating profit, and net profit. The gross profit is the highest. The balance remaining after paying for the goods and services purchased is shown.
Thus, option B is correct.
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Answer:
Today, the funder will invest 342,741.82 dollars
Explanation:
We invest on a lump sum of STRIPS which yield 6% with semiannual compounding.
Our target is 550,000 in eight years and each STRIPS is valued at 5,000
The STRIP is the coupon payment or maturity payment of a bond which sales like a zero coupon bond so we need to discount the 550,000 at the market rate to know the market price of the STRIPS:
Maturity $550,000
time 16.00 (8 years x 2 compounts per year)
rate 0.03 ( 6% annual divide into 2 to get semiannual rate)
PV 342,741.82
The correct answer would be option D, grant a patent to a firm, giving it the exclusive right to produce a product.
Governments often have to potential to influence whether firms are monopolies leading. The government could influence the monopoly by granting patent to it, and giving it the exclusive rights to produce a product.
Explanation:
Patent is basically given rights to an investor to produce, design, or invent a product or service for a period of time. Patent gives the owner, rights to produce, design, innovate, sell, and use the product or service without the fear of competition in that particular product or service.
So when government wants to make monopoly of a firm in the country, it grants a patent to that firm, giving it exclusive rights to produce that product. For example, in Pakistan, WAPDA is the electricity provider, who has the monopoly in the country and is backed by the government.
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<u>Explanation:</u>
Conceptual skills are the skills which are utilized by the manager of an organization to see the organization as a whole entity which has interrelated functions. Managers should know the organizational environment and the way the organization adapts itself into it.
Creative thinking and decision making skills are appropriate for successful managers and with conceptual skills they have the capability for this. The complicated situations in the organization can be handled with innovative approach if the managers possess conceptual skills.
Answer:
c. He was a member of the French Parliament using satire to illustrate the foolishness of the arguments used by the proponents of trade restrictions.
Explanation:
Frédéric Bastiat was an economist, journalist and member of the French parliament in the wing of economic liberalism. Regarding his economic thinking, Bastiat had a strong inclination or liberalism and consumer protection against any kind of corporate authority. For him, the government was responsible for guaranteeing the lives of citizens, individual and commercial freedom and protection of property. Regarding commercial freedom, he presented himself against commercial restrictions, he thought this was a step backwards and satirized those who defended it, as you can see in the question above.