Answer and Explanation:
The computation of the economic profit is shown below:
Economic profit = Revenue from flower shop - costs of a flower shop - salary of the job
= $100,000 - ($30,000 - $10,000) - $70,000
= -$10,000
As there is an economic loss so you should not open the flower store
Therefore the same would be considered
This promptness in business meetings exemplifies how the perceptions of <u>time </u>differ among nations.
<h3>What is the promptness in business meetings?</h3>
Promptness in business meetings is defined as a habit or characteristic of getting to business meetings earlier than the scheduled time to avoid any delay or unforeseen circumstances.
Americans value promptness in business meetings because it shows how punctual you're and how you'll be when delivering assignments and projects.
- However, it is common in Mexico and Spain for a meeting to start thirty minutes late.
This signifies how the perception of <u>time </u>differs among nations where time is being valued differently.
Learn more about business meetings here:
brainly.com/question/4472314
Answer:
Option E.
All 4 of the listed benefits are correct
Explanation:
Self-regulation in business is a practice whereby businesses come together to set standards and guidelines for themselves and any other new business that are coming into the industry.
All the options are correct when we are talking about the benefits of self-regulation
A. It is less expensive when businesses self regulate since they would set standards and prices that favour themselves rather than when those regulations are out in place by external bodies.
B. The guidelines set by the businesses are practical and realistic as they will only agree on what will work out well for themselves
C. Since the bodies can regulate their industrial activities themselves, there is no need for the government to step in.
D. It is relatively easier for the associations to enforce the guidelines since they are all in the same industry and they belong to the same association.
Comparative influence occurs when the reference group provides the means by which consumers compare their beliefs, attitudes, and behavior.
A successful comparative inference will satisfy five criteria, the one called comprehensiveness refers to is the extent to which a comparison captures a greater number of central or essential features.
