Answer:
The correct answer is D. Profit is the financial gain from business activity minus expenses.
Explanation:
For example a company whose business activity is selling chairs has sold 10 chairs in a month at 10 dollars each which it has bought in 6 dollars (per chair). The company has incurred 5 dollars as admin expenses and had paid 10 dollars to commercial bank as interest. So what is company profit?
Calculation.
The profit will be 25$ as shown below.
Sales (10*10) 100
Purchase (10*6) (60)
Admin expense (5)
Financial expense (10)
Profit 25
Answer:
This illustrates the principle that;
c.people face trade-offs.
Explanation:
Commercial transaction especially in business involve various situations that can mirror underlying economic principals, An example of the many economic principals is trade-off. This principal is explained in detail below;
1. Trade-off
A trade-off is a compromise between two desirable products that are incompatible. A trade-off usually involves the foregoing of one choice for the other, it usually involves the sacrifice of one of two products which have the same qualities but one only limited to picking one choice. A trade-off usually happens in business dealings. An example is a situation where one needs to purchase two items that have the same cost and the amount of money the buyer wants to buy can only be enough for one of the products. In this case, the buyer will have to sacrifice one product for the other based on the prevailing financial status limiting him/her from purchasing both of them.
Lawrence's case is a classic trade-off scenario since he is torn between buying a flash for his camera or a new tripod. He needs both of them with equal measure but he can only afford one at a time. This means that he will have to choose one over the other, a principle known as a trade-off.
Its B, Professional and business services. I just took the test.
An important use of customers' lifetime value data (CLVD) is all of the options. Option A is correct.
<h3>What is customer lifetime value data?</h3>
Customer lifetime value (CLV) is amongst the most important metrics to measure as a component of a customer experience journey. Customer lifetime value (CLV) is a metric for determining how important a client is to your business, not just for a single transaction, but for the entire relationship.
It's a crucial measure since keeping existing customers costs less than acquiring new ones, thus boosting the quality of your existing customers is a fantastic method to generate growth.
Knowing the Customer lifetime value (CLV) may help organizations establish strategies for:
- Acquiring new consumers and
- Retaining existing ones,
While keeping profit margins intact.
Learn more about Customer lifetime value (CLV) here:
brainly.com/question/22684208
