Answer:
Opportunity cost, is the right answer.
Explanation:
The term opportunity cost is used to refer to the profit lost while an individual selects one alternative over another. This concept plays an important role as a reminder to examine all available alternatives before making a decision. For example, a person can produce 1 apple at $1 and juice at $1. Here, if person produce apple then the amount of juice the is opportunity cost to produce apple.
Answer:
Consumers buy and use the products that producers make and sell to the public. So the roles are consumers=buy while producers=make.
Answer:
Option A $25000
Explanation:
The breakeven point in sales dollars can be calculated by using the following formula:
Breakeven Sales In Dollars = Fixed Cost / Contribution Margin ratio
The fixed cost here is $14000 and the contribution margin ratio is 0.56.
So by putting the values, we have:
Breakeven Sales In Dollars = $14000 / 0.56 = $25000
So the sales required to breakeven at a contribution margin of 0.56 is $25000. Remember that Fixed cost though remains the same but contribution margin ratio changes when the variable cost or selling price changes. So if the changes in variable cost or selling prices are witnessed to achieve the maximum profit possible, then the managers must recalculate the breakeven point because it has been altered due to these changes.
Answer:
c.Corporate social responsibility (CSR)
Explanation:
Based on the information provided within the question it can be said that Greensaver Corp's efforts are best described as Corporate social responsibility. This refers to the act of a company' charitable nature to contribute to societal goals. Which is exactly what Greensaver Corp is doing by installing saplings in parks and roadsides in order to combat pollution of nonrenewable resources for the good of the planet and society.
