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Ket [755]
2 years ago
14

You and two partners start a company. However, your partners play no role in running the company. You spend all your time managi

ng the business. The time that you could have spent working for someone else and earning wages instead of running the business is your:
a. Explicit costs

b. Marginal cost

c. Sunk cost

d. Opportunity cost
Business
1 answer:
GalinKa [24]2 years ago
4 0

Answer:

The correct answer is letter "D": Opportunity cost.

Explanation:

Opportunity cost is described as the return of the choice selected over the potential return that could have been obtained from the choice left  behind. It represents the return of the option chosen compared to the choice forgone. Opportunity costs is also defined as the return of the best next available option.

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Knowledge about challenges specific to the operations function can help marketing personnel to judge how _____________ new produ
Goshia [24]

Answer: Identifying the consumer needs, advertising and promotion, pricing.

Explanation:

 According to the given question, the knowledge about the different types of challenges regarding the specific operations and the functions that helps in marketing the new design of the products and it also helps in judge the pricing, advertisement and the promotion of the new products in the market.

 In the marketing, the main function is to identifying the actual requirement of the customer and also helps in influence the competitiveness in the market.

 Therefore, The given answer is correct.  

7 0
2 years ago
It is increasingly difficult for a firm to develop and sustain a competitive advantage because of the effects of globalization a
Alexus [3.1K]

Answer:

a. the rapid development of the Internet's capabilities.

Explanation:

It is increasingly difficult for a firm to develop and sustain a competitive advantage because of the effects of globalization and the rapid development of the Internet's capabilities.

Globalization can be defined as the process of developing technology, people, investments, informations, products in order to create international influences across cultures and national markets or borders. This makes it possible for various multinational enterprise or companies to break into different markets across world and compete effectively with other companies.

Also, the rapid development of the Internet's capabilities gives various companies the ability and privilege to technology and software applications to seamlessly meet the needs of customers over the web such as cloud computing services, Internet of things (IoT) etc.

7 0
1 year ago
It is mostly the women between 25 and 54 years of age who watch the lifestyle channels owned by Scripps Networks Interactive, an
omeli [17]

It is mostly the women between 25 and 54 years of age who watch the lifestyle channels owned by Scripps Networks Interactive, and the advertisements run on these channels are essentially aimed at them. These women are the company's <u>Target audience</u>

Explanation:

In the question above the women between the age of 25-54 years are the Target Audience because the interactives and the advertisement  on the Scripps network are aimed at these women's.

Now evaluating the other options

A )<u>Strategic Window</u> refers to a time duration during which the particular strategy adopted will work .In this case no time duration is discussed.So its is not a correct answer.

B)<u>Advertising medium :</u>The medium using which a message is communicated to the targeted audience(like TV,radio,newspaper)

<u>C)Consumer jury </u>:In this method the consumer play the role of a jury and they are asked to rank an advertisement

So we can say that These women are the company's <u>Target audience</u>

4 0
2 years ago
Tom is responsible for ordering hardware for a custom home his company is building. The contractor installing the hardware is sc
ICE Princess25 [194]

Answer:

Free slack.

Explanation:

In project management, free slack refers to the amount of time that a certain task can be delayed and not affect the completion time of the general project. Slack time can be considered "just in case" time, because even though delays should be minimized, rarely you can eliminate them completely, and slack time gives you a little extra room for managing projects.

In this case, the free slack time is 10 days, and this delay will consume 9 of them.

3 0
2 years ago
Compensate for the risk. Delay an action. Reject the risk. Transfer the risk. A squad needs to cross a narrow footbridge across
finlep [7]

Answer:

Compensate for the risk

Explanation:

In the context of the scenario given , risk is defined as a form of exposure to a potential dangerous situation.

It is necessary for any person organization facing a risky situation to look for ways of minimizing or avoiding the risk in order to reduce related losses. Risks can be avoided through transfer , rejection , delayed action and compensating the risk,

The method of risk aversion described in the scenario is to compensate the risk.

Compensating the risk is a risk control method of using an alternative means to achieve a particular purpose in order to avoid the related risks to using the initial method.

7 0
1 year ago
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