<span>10% to 15% is the standard in American restaurants. Tip is a form of gratuity given to those waiters who served us in eateries. It is not compulsory to give tips but it is consider customary to do so. Tips are always calculated as the percentage of the total bill. 10% tip generally means that the service received is not totally satisfactory while 15% tip means that the service you receive is totally satisfactorily. </span>
Answer:
Geographical area
Explanation:
Product differentiation which is based upon different functionality is referred to as Horizontal differentiation.
Product differentiation refers to a mechanism whereby a manufacturer makes his product unique and slightly different from similar products offered in the market by competitors. Such an attribute helps a customer in product identification.
Product differentiation can be achieved by different packaging, changing product appearance, product quality or added functionality.
Horizontal differentiation takes place when products which belong at the same level differ slightly based upon different functions or uses they offer.
While a firm uses horizontal differentiation for it's products, it divides itself into subunits based upon functions , type of business and geographical area. It means each subunit focuses on it's own functions i.e the kind of differentiated products the sub unit shall produce, serving the requirements of a specific geographical area.
Answer:
D. encourages process-value analysis.
Explanation:
Activity based costing aims to allocate cost of different processes and activities to the department which utilizes the cost at maximum, on the basis of actual cost drivers.
Every activity has a cost driver, as for example for the expense or activity of rent is based on area allocated to each department thus cost driver here is area of the department.
Therefore, Activity based Costing encourages the process value analysis, which process is best.
It states which process added how much value to each product or department, it is a kind of process analysis.
Thus, correct option is D
Naomi is willing to pay $120 dollars for a multi-cat condo. She ends up paying $90. Naomi's consumer surplus is $30.
Consumer surplus is also known as buyer's surplus. It is the economic measure of a customer's excess benefit. It is calculated by analyzing the difference between the consumer's willingness to pay for a product and the actual price they pay.
Consumer surplus is calculated by:
Consumer surplus = Maximum price buyer is willing to pay – Actual price.
So, Naomi is willing to pay $120 dollars for a multi-cat condo but she ends up paying $90.
Therefore, $120 - $90 = $30
Hence, Naomi's consumer surplus is $30.
To learn more about Consumer surplus here:
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Answer:
a closed shop
Explanation:
Based on the scenario being described within the question it can be said that this provision reflects a closed shop. This term refers to a specific place of employment in which all the individual's who are employed in this place must currently belong to an agreed trade union and be following all the guidelines set forth by the union. Such as the Overnight Construction Company has stated that must be the case in order to hire an individual.
