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mixas84 [53]
3 years ago
9

Describe a decision that you or your company made that involved opportunity costs that should have been considered. Why did your

company make the decision
Business
1 answer:
Kaylis [27]3 years ago
4 0

Answer:

Explanation:

My E-Commerce business has two main decision-makers. As a team, we had a budget of $1000 USD which we decided to use on marketing. We ultimately decided on placing banner ads on 2 popular sites that matched our products. Doing this we missed out on other opportunity costs such as adding another product line and marketing sample products to popular influencers. Both of which should have been considered because they could have just as easily brought as many or even more customers than having placed the ads.

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Answer:

508,000 units

Explanation:

The computation of the number of finished goods produced is shown below:

Finished goods produced during the year = Closing inventory + sales - opening inventory

= 2,600 units + 506,000 units - 600 units

= 508,000 units

We simply added the closing inventory into sales and deducted the opening inventory so that the finished goods produced during the year could come

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Hope this helps, now you know the answer and how to do it. HAVE A BLESSED AND WONDERFUL DAY! As well as a great rest of Black History Month! :-)  

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