1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
icang [17]
3 years ago
5

What is the main difference between a conceptual model and a physical model?

Business
1 answer:
vampirchik [111]3 years ago
3 0
<span>a conceptual model is using drawings or plan written on paper and physical model is 3d object showing how something works</span>
You might be interested in
One thing that distinguishes the short run and the long run is?
Andrej [43]

A. the existence of at least one fixed input is the primary difference between short run and long run. It is because in the long run, the quantities of all inputs can be varied.

In economics, the short run can be defined as a concept that states that, within a certain period in the future. In the short run the others are variable while at least one input is fixed. In the other side, long run in economics can be defined as a theoretical concept in which all prices and quantities have fully adjusted and all markets are in equilibrium.

Learn more about long run here brainly.com/question/17029465

#SPJ4

6 0
1 year ago
Jeff is an entrepreneur who decided to start an online bakery. Since all his business will be done online and he can bake in his
nekit [7.7K]

Answer:

competition                  

Explanation:      

In simple words, competition refers to the tendency of two or more parties to perform better than one another for the sake of own personal benefits. In business, competition can be done from various perspectives like price or quality.

In the given case, Jeff has been producing at a lower cost but despite of earning high profits he is willing to sell for lower prices with the motive of competing in the market and gaining higher market share.

6 0
3 years ago
Our society is increasingly becoming more diverse. Discuss how this affects you as an individual, an organization, and society a
Mekhanik [1.2K]

Answer

Hello,

Well, a diverse society is stable and alive with positive dynamics, easy to adapt to changes and always geared towards a positive evolutionary.

As an individual, a diverse society offers greater opportunity for personal and professional growth.

In the society, diverse cultural views can inspire creativity and innovation. A diverse society has a pool of diverse skills base which allows an organization to produce broader and more adaptable range of goods and services.

A challenge in this is that integration across multicultural groups can be difficult due to negative cultural stereotypes. Some countries require navigating visa and application of employment laws that could be challenging requirements.

Diversity quotas in colleges can be outlawed but still allow colleges to consider race in admitting students.

Wish you luck!

5 0
3 years ago
Anna is willing to spend $500 for the bike she wants. if she finds a bike store where the price of the bike she wants is only $4
muminat
The answer is $100. The consumer surplus is $100 because that is the difference between what Anna has set as her ceiling for the purchase of the bicycle, $500, and then subtracted by the amount that she actually does pay, $400, that difference is what is referred to as consumer surplus. What the consumer is mentally committed to paying minus what the consumer actually pays.
8 0
3 years ago
Costs that change directly with the level of production are referred to as ________ costs
Elodia [21]
The answer to this question is Variable cost.
As the level of production increase , the total variable cost is increased and vice versa.
Examples of variable cost are the cost of sugar in condensed milk factory, the cost of leather in bag manufacturing, the cost of coffee beans in starbucks, etc.
6 0
3 years ago
Other questions:
  • Procter and Gamble​ (PG) paid an annual dividend of $ 2.87 in 2018. You expect PG to increase its dividends by 8.0 % per year fo
    11·1 answer
  • A job analysis method is ________ if it accurately assesses each job's duties.
    7·1 answer
  • On march 12, klein company sold merchandise in the amount of $7,800 to babson company, with credit terms of 2/10, n/30. the cost
    5·1 answer
  • Todd, an analyst for the U.S. government, has been given the task of assessing the economic performance of Country X in the inte
    7·1 answer
  • Marietta told the management team that the company would have to find a new way to produce the vitamin because the Food and Drug
    12·1 answer
  • What are some of googles resources
    13·1 answer
  • It has been demonstrated that a competitive market economy allocates resources efficiently. Specifically, in a competitive equil
    6·1 answer
  • Secondary data consist of ________. A) data that is unreliable and unsuitable for the purpose of making marketing decisions B) i
    7·1 answer
  • For every problem-solving activity it is crucial that no less than five alternatives be considered.
    11·1 answer
  • In recent decades, Americans have increased their purchase of stocks of foreign-based companies. The Americans who have bought t
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!