It should be noted that merging of national markets that have historically been distinct and separate is the process of Globalization of Market.
<h3>What is Globalization of Market?</h3>
Globalization of Market can be regarded as the coming together of historically distinct as well as separate national markets making large space of market.
Therefore, Globalization of Market involves merging of national markets that have historically been distinct.
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Answer: Console
Explanation:
Opportunity cost is what one forgoes in order to get somethings else. Opportunity cost is as a result of limited resources hence a choice has to be made.
From thw question, we are told that
Nick won $1000 lottery prize and he can't decide what he should spend the money on buy as he wanted a console, a bike ,a watch or go on a trip. We are further told that he gives up the bike and the watch but he really wants the console and that in the end he saves it all for the trip.
The opportunity cost here is the console. He wasn't really interested in the bike or watch but he really as very interested in the console and he eventually gave up on the console for the trip.
Calculate Activity Rates
<span>: Done by dividing the total cost for each activity by its total activity.
Hope this helps!
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Vested benefit term used for benefits employees have the proper to receive even if their employment ceases .
<h2>Vested advantages:</h2>
A benefit that's awarded to an employee as a part of a secured financial package that is made available to any person or organization is referred to as a vested benefit.
Typically, the phrase "vested benefit" refers to the retirement funds that a private may be able to receive after they reach retirement age.
<h3>What does the term "vested" in an employee mean?</h3>
Owning a pension plan is referred to as "vesting."
This implies that every year, a selected portion of each employee's account in the plan will vest, or become their property.
If an employee has full ownership of their account balance, the employer isn't permitted to lose it or take it away for any reason.
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Answer:
a. 50,000 units
Explanation:
Breakeven point is the units required to be sold for the total cost to be equivalent to the sales. As such, break even is the point where profit/loss is nil.
Given information about product A;
Fixed cost = $500,000
variable cost per unit = $25
Selling price per unit = $35
Breakeven in units = fixed cost/(selling price per unit - variable cost per unit)
= 500,000/(35 - 25)
= 50,000 units
