Answer:
It helps giving you the ability to choose what you think is best for your business
Explanation:
Vic, using the money tree metaphor is awesome in order to explain. Think about your free enterprise (let’s say… a store that sells trees!).
What you need in order to start and run a business? A place to sell those trees, employees, products, infrastructure, etc., and capital to fund all that. All that business plans and models that you will develop in order to have a successful business will require that you make economic decisions, actions. And, in order to make those decisions, you need economic liberty, which is exactly the ability one has to make economic decisions without political, economic or social blocks.
Imagine that in your region you can only sell trees with red leaves, or your trees are taxed much more than trees coming from overseas, or that employment law requires that no employee gets near a plant (who knows, it could be to prevent allergic season!). That would make super hard to develop your business right?
That’s how economic liberty could help you grow your money tree; into giving you the ability to choose what you think is best for your business.
Answer:
=5, 011.46
Explanation:
cost of materials : $ 2,415
cost of labor: $ 1,832
Total cost; ( $ 2,415+$ 1,832)= $ 4,247
Add 18 percent mark-up = 4247*1.18
=5, 011.46
Answer:
Synergy
Explanation:
Synergy is the concept that the combined performance of two entities will be better than each of them acting individually.
In this instance when the two teams that each produce 100 containers per day became integrated as one, they now produce 300 containers a day. This is as a result of their increased division of labor, combined efficiencies and expertise of team members.
Answer:
The company should process the units further.
Explanation:
Base on the scenario been described in the question, we can be able to use the method to prepare an analysis that shows whether the 28,000 units of Product A should be processed further or not.
Sell as is Process
further
Sale as is (28,000 units x $25.00) $700,000
Process further (5,600 units x $105) + (11,200 x $70) $1,372,000
Cost to process further (420,000)
Incremental income (loss) $700,000 $952,000
The company should process the units further
45N + 400M + 20P ≥ 45 is the constraint that limits the amount of time the writer will work each week.
Explanation:
Integer constraints limit any or all variables to only allow integer values in the optimisation issue. It allows for precise simulation of situations that include discrete numbers (such as equity shares) or decisions yes or no.
Both "limits" and "restrictions" are "restrictions," which may be the broadest word to denote anything that prohibits a entity or a mechanism from happening. "Standards" and "controls" typically feel like standing back, where "stretches" sound like being alone.
