Increasing opportunity costs of producing goods imply that the production possibilities curve will be bowed outward. In a recent Page One Economics: Money and Missed Opportunities, senior economic education specialist Andrea Caceres-Santamaria explains that opportunity cost is the value of the next-best alternative .
when a decision is made; it is what is forfeited. It is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs. A company owner wants to increase the number of production available. The potential worth of that money being spent somewhere else or saved for the future is known as the opportunity cost.
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Answer:
The customer's desire for a durable wallet and the company's choice of material for the wallet
Explanation:
House of Quality is a part of a larger process called QFD, which stands for Quality, Function, Deployment. This represents quality-monitoring, a focus on the function of execution of a quality plan, and the application of resources for deployment of that plan
Answer:
Explanation:
The essence of marketing is the belief that if businesses deliver valuable information to buyers, customers will reward
Answer:
D) deduction from the balance per bank statement
Explanation:
A bank reconciliation statement is a document that matches the cash balance on a company’s balance sheet to the corresponding amount on its bank statement. Reconciling the two accounts helps determine if accounting changes are needed. Bank reconciliations are completed at regular intervals to ensure that the company’s cash records are correct. They also help detect fraud and any cash manipulations.
