Answer:
The short run refers to a period of less than one year.
Explanation:
The statements is false that the short run refers to a period of less than one year.
The short run, long run and very long run are different time periods in economics.
<u>Short run – where one factor of production (e.g. capital) is fixed</u>.
long run – Where all factors of production are variable,
Unlike in accounting where operating period refer to a period of one year, <u> there is no hard and fast definition as to what is classified as "long" or "short" and mostly relies on the economic perspective being taken.</u>
Answer: Option (iv) is correct.
Explanation:
Frictional unemployment is always present in an economy. Frictional unemployment occur because of the transitions in the employment of the individuals. It is included in the natural unemployment, because it shows the minimum level of unemployment in the economy.
When a person quit his first job and looking for a new job, this is known as frictional unemployment.
So, option(iv) is correct.
A business plan that provides information on a company, its products or services, its market, and critical risks to prospective business or marketing partners or to prospective key employees is called an invention plan.
Invention Plan informs prospective business or marketing partners or key employees about the company, product/service, market, and critical risks.
This business plan should briefly explain ones corporation, ones brand, the main aspects of ones market research, ones strategic plan, ones management, and ones financial plan.
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Answer:
Objective and task budgeting method
Explanation:
The objective and task method refers to a budgeting method where a business allocates a certain marketing budget in order to achieve specific objectives, instead of simply allocating a marketing budget based on percentage of sales revenues.
Doodle set its specific goals:
- increase the sales of its basic steel pins by 10%
- increase the awareness of its glow-in-the-dark pins
And then it allocated $1.5 million for marketing expenses.
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Cost is a <span>term describes what a manufacturer spends for goods or services.
</span>In production, research, retail, and accounting, a cost<span> is the value of money that has been used up to produce something, and hence is not available for use anymore. In business, the </span>cost<span> may be one of acquisition, in which case the amount of money expended to acquire it is counted as </span>cost<span>.</span>
