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3 years ago

The relationship between scarcity of resources, choice and opportunity cost can be

Business

1 answer:

EastWind [94]3 years ago

3 0

Answer:

a)Demand and supply

Explanation:

The opportunity cost of a choice is the value of the best alternative given up. Scarcity is the condition of not being able to have all of the goods and services one wants. It exists because human wants for goods and services exceed the quantity of goods and services that can be produced using all available resources.

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Parker is a sales representative for Kashi. Each week he uploads his plans for visiting clients out in the field to a routing an

Montano1993 [528]

Available options:

A. determine the sequence in which customers will be called on.

B. use existing transportation facilities.

C. minimize non-selling time.

D. determine duration of sales calls.

E. provide salespeople with an opportunity to plan their own routes and schedules

Answer:

Option C. Minimizing non-selling time.

Explanation:

The reason is that sales reps must lower their non selling time as this makes them inefficient for the company and would also increase their loss of time and commission. So every sales representative acknowledges his primary goal to decrease the non selling time which means he is trying to make sale.

4 0

4 years ago

You are scheduled to receive annual payments of $60,000 for each of the next 20 years. The annual rate of return is 8 percent. W

babymother [125]

Answer:

= $ 219,657.43

Explanation:

FV of annuity = P x [(1+r) n -1/r]

P = Periodic payment = $ 20,000

r = Periodic interest rate = 0.08

n = Number of periods = 20

FV = $ 60,000 x [(1+ 0.08)20 -1/0.08]

= $ 60,000 x [(1.08)20 -1/0.08]

= $ 60,000 x [(4.66095714384931 -1)/0.08]

= $ 60,000 x (3.66095714384931/0.08)

= $ 60,000 x 45.7619642981163

= $ 2,745,717.85788698 or $ 2,745,717.86

FV of annuity due =(1+r) x P x [(1+r) n -1/r]

= (1+0.08) x $ 2,745,717.85788698

= 1.08 x $ 2,745,717.85788698

= $ 2,965,375.28651794 or $ 2,965,375.29

Difference in FV of ordinary annuity and annuity due

= $ 2,965,375.29 - $ 2,745,717.86

= $ 219,657.43

3 0

3 years ago

_____ is defined as a strategy in which a firm engages in several different businesses that may or may not be related in order t

Vlad1618 [11]

Answer:

Diversification

Explanation:

The key words here are 'several businesses'. A company engage in many businesses in order to mitigate or reduce its business risk, and also to create and add more value to customers. This offers a far advantage position than a stand alone entities who deal with only one product or service.

6 0

3 years ago

Ten opinions on "discipline and successful life"

erastovalidia [21]

Answer:

graditude

forgiveness

meditation

active goal setting

eat healthy

sleep

exersize

organisation

time management

persistance

3 0

4 years ago

A swedish children’s toy company is sending its toys to other countries in south america to sell through various distributors. W

mars1129 [50]

The type of strategy that is used by the Swedish company is what is referred to as exporting.

<h3>What is exporting?</h3>

Thisn is the term that is used in business and in commerce to refer to the fact that businesses are sending their products to other nations that ahve the need for them.

Exporting is a way that nations get the resources that they do not have in their home nations. Countries trade with themselves through imports and exports.

The company is sending its toys to South America, hence we can say that they are engaged in exporting of goods to the countries.