The premium that the company is paying her for foreign assignment that her family is not accompanying her is known as Family separation allowance.
The Family separation allowance is widely used in Military service.
Family separation allowance are premium or amount paid to an employee for an assignment which takes him away from his/her family for a long time.
Therefore, the premium that the company is paying her for foreign assignment that her family is not accompanying her is known as Family separation allowance.
With personal selling, the salespeople go out into the market and explain the benefits of a product in person. This is what businesses prefer because they have to make large scale purchase decisions and so would like to develop a personal relationship with the supplier that will enable them to have all the information they need.
There is also a need for customization in the business market because business might want the goods supplied to be adjusted in a certain way to enable them process and sell it.
This is different from the consumer market where purchases are not as large scale and there is little need to customize goods. Advertising to the general public is therefore better because the goods would be standard and there would be no need for personal relationships as in the business market.
The answer to this question is <span>the international division of labor </span><span>the international division of labor refers to the system that divide people into several groups that handle only specific task according to their expertise. This division allow organizations to handles broader aspects of their operation which eventually lead to better wuality of products</span>
An economist will consider the cost of the photo as the materials costs plus the opportunity cost of labor for Jessica. For Jessica, the opportunity cost of making the photo frame is the amount she would have earned working at the coffee shop. Therefore, the $10 she would have earned at the coffee shop is the labor cost of producing one photo frame.
The total cost of making one photo frame would be $5 plus $10.
i,e. $5 + $10 = $15
Profit from the photo frame = selling price - cost price
