Answer:
procurement factors
Explanation:
A consumers buyer behavior is influenced by four major factors; cultural, social, personal, and psychological factors. These factors cause consumers to develop product and brand preferences
Procurement is used to ensure the buyer receives goods, services, or works at the best possible price when aspects such as quality, quantity, time, and location are compared. Almost all purchasing decisions include factors such as delivery and handling, marginal benefit, and price fluctuations
Answer:
When we get too hot, sweat glands in the skin release more sweat. The sweat evaporates, transferring heat energy from the skin to the environment.
Explanation:
The overall amount of a government's finished product of any and all additional goods produced and services provided with one year is national revenue. The guiding principle for economics and finance is recognizing how national income is produced.
Answer:
c. disagree with the report, in part because it ignores the mitigating effects of technological change.
Explanation:
- As the human is making use of most of the earth available resources they are running towards deficits as no country has self-sufficiency in terms of the land, labor and capital and natural resources and they are getting depleted at a much faster rate than could be generated.
- Thereby resulting to rise in inflation and decline in the economic productivity growth while some of the economists disagree with the report ignores the impacts of technologies.
Answer:
The opportunity cost of attending the concert=$0
Explanation:
An opportunity cost is the total monetary loss that one has when they choose a given option. It can also be defined as the gain that one misses when the individual or business chooses one alternative over the other. Opportunity costs are not heavily considered in financial reports, however individuals or businesses who have the opportunity to choose from many alternatives at the same time need to consider the opportunity cost to make a more valuable decision in the long-run. Opportunity costs helps individuals and businesses to make better decisions on the options they have at their disposal.
The opportunity cost can be Determined using the following expression;
OC=FO-CO
where;
OC=opportunity cost
FO=return on best forgone option
CO=return on chosen option
Since in our case, the forgone option was not attending the concert, the cost would be=0
Also since the chosen option was the ticket at no charge, the cost would be=0
In our case;
OC=unknown
FO=0
CO=0
replacing;
OC=0-0=0
The opportunity cost of attending the concert=$0
