Answer:
Someone gives up going to see a movie to study for a test in order to get a good grade. The opportunity cost is the cost of the movie and the enjoyment of seeing it.
At the ice cream parlor, you have to choose between rocky road and strawberry. When you choose the rocky road, the opportunity cost is the enjoyment of the strawberry.
A player attends baseball training to be a better player instead of taking a vacation. The opportunity cost was the vacation.
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Test Marketing E
Explanation:
Its not development or concept testing and pretesting would be like a survey and product launch it hasn't fulled launched yet so its test marketing to see if its good enough to launch in US its also selective stores E
Ratched on Netflix is pretty good
Answer:
Gross profit rate= 0.25
Explanation:
Giving the following information:
Indiana Ink, Inc. has net sales of $400,000 and the cost of goods sold of $300,000.
<u>To calculate the gross profit rate, we need to use the following formula:</u>
Gross profit rate= gross profit / sales
Gross profit= sales - COGS
Gross profit rate= 100,000/400,000
Gross profit rate= 0.25
