Answer:
It will puchase the skirt across town as it has the less economic cost.
Explanation:
We are going to add up the opportunity cost (lost wages) to the cost of the skirt:
travel-time* Price **Opp. Cost Economic Cost
local department 30 $ 112.00 $ 13.00 $ 125.00
across town 60 $ 89.00 $ 26.00 $ 115.00
neighboring city 120 $ 70.00 $ 52.00 $ 122.00
*travel-time we multiple the time it took each eway by 2
**Opp. Cost = wages per hour x travel time / 60
Then, the economic cost is the sum of the value of the skirt and the lost wages.
We pick the lowest economic cost.
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Answer:
A. Contractionary fiscal policy
B. Left
Explanation:
When the economy is growing too fast and the inflation is high, Contractionary fiscal policy should be pursued. Contractionary fiscal policy entails either government increasing tax or reducing its spending or both.
When taxed are increased, the household disposable income will be reduced, households will have lesser money to spend and also the business profit will be reduced and this will lead to reduced investments. This policy will relax the aggregate demand and ultimately the interest rate.
Since the aggregate demand will reduce after pursuing this policy, aggregate demand will shift to the left
Answer: D
Explanation:
Competing on cost is based on achieving maximum value as perceived by the customer.
Answer:
Customer relationship management system (CRM)
Explanation:
A <em>CRM </em>system is what keeps the customer coming back. Instead of targeting each customer with a default bundle of products that are trending, the customer relationship management system tracks down the customer's habits and preferences, creating a tailor-made approach. Every customer is different in things he/she wants to buy. This way, marketing gets more customized and customer statistics generates better reports (more insight for the long-term).
