The answer would be (D); Setting acceptable costs and then setting the price.
Answer:
$50
Explanation:
The computation of the selling price of each purse is shown below:
As we know that
Selling price = Total value ÷ number of purses sold
where,
Total value is
= Cost of the purse × number of purses sold + producer surplus
= $35 × 12 purses + $180
= $600
And, the number of purses sold is 12
So, the selling price of each purse is
= $600 ÷ 12 purses
= $50
Answer:
Zach's annual opportunity cost of the financial capital(implicit + explicit)that has been invested in the business is $700.
Explanation:
opportunity cost = 3%($10,000) +8%($5,000)
= $300 + $400
= $700
Therefore, Zach's annual opportunity cost of the financial capital(implicit + explicit)that has been invested in the business is $700.
Group of answer choices.
A. what & how; why.
B. why; who & what.
C. how; what & why.
D. what; how & why.
E. why; what & how.
Answer:
D. what; how & why.
Explanation:
In Business management, a strategy can be defined as a set of guiding principles, actions and decisions that an organization combines so as to achieve its business goals, attract customers and possess a competitive advantage over its rivals in the industry.
Business strategy sets the overall direction for the business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan. The components of a business strategy includes the following;
I. Value.
II. Vision.
III. Mission.
Vision is an ideal future conditions that aligns with the purpose for which an organization or business is in operation. Thus, it's a path that guides an organization into achieving a certain height in the future.
Basically, a vision statement answers the question of what an organization would want to be, by combining its current and future objectives.
On the other hand, a mission statement is typically a description of the overall goal or purpose for which an organization was established and what it hopes to achieve in the future.
In conclusion, you should explain that the vision is the what and the mission is the how and why for the company.
<h2>The customer is motivated to tae the action at the Growth stage of advertising.</h2>
Explanation:
Product life cycle has four stages.
1. Introduction stage:
- Product is introduced in the market
- Sales is booming slowly
- Investment on advertisement is planned
2. Growth stage:
- It is also called early maturity stage
- Here where the product is advertised and product promotion is extensive
3. Maturity stage:
- Sales will be peak
- Product has reached the market
4. Decline stage:
- This occurs when sales is dropped out
- Production will be stopped
