The opportunity cost of producing one fish for Pilau is 1/4 coconut.
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What is the opportunity cost?</h3>
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
Opportunity cost arises because the resources available to carry out production activities are available in limited quantities. So, when economic agents decide to produce a good, they forgo the opportunity to use the same resources to produce another good.
Economic theory suggests that the good that should be produced is the good that has the least opportunity cost.
Opportunity cost for Pilau of producing fish : 20 / 60 = 1/4 coconut
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I think my explanation is wrong but here it is :
There are many tactics followed and for the given situation, Mark uses Legitimating tactics.
It is related to compliance with rules, laws, and regulations.
It is not to motivate people but to follow behind the direction given by the organization
It is least effective for the aspects pertaining to pressure, legitimating
It always speaks about rules and makes the employee to follow
Firing of employees comes under legitimate power.
All these are done to achieve organizational goals.
When a company engages in maximizing local profit or minimizing cost in a supply chain, this can best be described as local optimization.
<h3>What is local optimization?</h3>
This refers to a when a company acts to gain competitive advantage in a local supply chain.
To do this, the company would need to maximize the profits it gets locally while minimizing the costs of running a supply chain.
When this happens, the company can be said to have achieved local optimization because they have found the optimal solution to getting more profit at less cost in the local area that they were focusing on.
In conclusion, this is local optimization.
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Answer:
C) Classification of products
Explanation:
Advertising is not a means of classifying products.
Advertising is a commercial process of marketing goods and services to a target group of people.
- Advertising is a means of making a product known the the general market population.
- It helps to increase the market share of a particular product among competitors.
- When an advert is done rightly, it can bring more revenue to the company.
- Also, it reinforces brand recognition.
In the EXPLOIT segment of the process of supplier segmentation, suppliers have a significant portion of the buyer’s spend but do not view the buyer as an important customer.
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Explanation:</u></h3>
The process by which the suppliers will be divided into groups refers to the supplier segmentation. The main aim of this type of segmentation is to determine the profitability that a form can obtain from these segments. This is done for the purpose of the organisation to determine the level of engagement of the organisation with the suppliers.
In the Exploit segment of the supplier segmentation process, the suppliers will be having some significant portion of the money that are spent by the buyers of the product but these buyers of the product will not be viewed as important customers.