Answer:
The explicit cost of flight includes cost of fuel, maintenance cost, payment to pilot.
Explanation:
The explicit costs are the direct costs incurred during the process of production or business. Here, the payments made to the pilot will be a variable cost, the cost of fuel, etc will be explicit cost.
The marginal explicit cost is the increase in the explicit cost with an additional output. The incremental cost of flight correctly determines the marginal explicit cost.
Opportunity cost is the cost of sacrificing the alternative. Here, the marginal opportunity cost will be the revenue that the firm would have earned by renting the flight to other firms or individuals.
Transportation costs
can make exporting an inappropriate strategy.
<span>If a product is bulky or heavy, because
of its weight or mass the transportation costs will obviously increase and make it more expensive, and
unless the product carries an extraordinary high value-to-weight ratio the
exporting strategy will be considered the least effective.</span>
Answer:
Social environment.
Explanation:
When businesses collect demographic information on where people live, what they buy, and how they spend their time, they are responding to the social environment. The social environment comprises of values, beliefs, practices, customs and behaviors of a group of people living together in a society and how their actions influence their surroundings or environment.
Demographics can be defined as the study and analysis of the characteristics of a population based on pre-defined factors such as education, race, income, sex or gender, and age.
Additionally, businesses gather, analyze and use demographic informations about people in the target market so as to have a competitive edge or advantage and to help build a strong relationship.
Answer:
$237,500
Explanation:
Cost of building $10,000,000
Avoidable Interest $300,000
Less;Salvage value ($800,000)
Depreciation Cost $9,500,000
Depreciation per year $9,500,000/40=$237,500
Answer:
A written warranty promises replacement or refund for defective products.
