Answer: Opportunity cost
Explanation:
A. Opportunity cost can be defined as the next best alternative foregone , it is the cost of profit the business looses while choosing one alternative over other.
B. Fixed cost are those cost that do not change with the level of output produced in the firm.
C. In simple words the direct costs a business pay to the outsiders for running its operations is called explicit cost.
D. Total revenue is the amount of income a company has before deducting its expenses occurred to earn that income.
So from the above explanations we can conclude that value of a business owner's time is an example of opportunity cost.
Answer: Megabus being a late mover in the US, has allowed the company to learn from past mistakes by companies such as Greyhound, who filed for bankruptcy in the mid 90's and who lost most of it's business due to poorly maintained terminals, high prices for fares and unsafe conditions. Mega bus's advantages include fares as lows as 1 dollar, free wi-fi, stylish buses and power outlets. They Can offer these low fares since the company eliminated purchase Windows for tickets, selling tickets online only and by eliminating expensive terminal operations by dropping off and picking up riders at sidewalk stops like public bus operators. There are few disadvantages besides the fact that rising gas prices affect travel and low fare prices affect revenue if quantity is not met .
Advantages - 1. Affordable 2. Pretty scenery 3.You get what you paid for
Disadvantages-1. Uncomfortable 2. It’s Either Freezing or Sweltering 3. Odd People
2. Yes it has own Overwhelming resources and capabilities 3. Train
Explanation:
Answer:
31,500
Explanation:
Cost function, C (x) = 2 x + 4500
Revenue function, R (x) = 5 x
Profit = Total revenue - Total cost
= R(x) - C(x)
= 5 x - [2 x + 4500]
= 3 x - 4,500
If company sells 12,000 boxes, then profit will be:
= 3 x - 4,500
= 3(12,000) - 4,500
= 36,000 - 4,500
= 31,500
Therefore, 31,500 is the profit earn by the company by selling 12,000 boxes of cereal.
Answer:
Externship
Explanation:
Externship refers to an agreement between the employer and university wherein the university imparts skills required by the employer from employees which relate to a particular job designation.
Externship enables the employees to gain a short term practical knowledge which is related to their job position. Externship, unlike internship is for a shorter duration and during such a course the volunteered employees supervise the learning process of the externs.
Such a concept is also referred to as Job shadowing.
Answer:
The answer is C. longer inventory sits on the firm's shelves
Explanation:
The Inventory turnover is the number of times inventory is sold or used during a given period of time.
The formula is:
cost of goods sold/average inventory.
A lower inventory turnover means weak sales(declining sales) and excess inventory remaining in the warehouse while a higher inventory turnover means it is taking a firm short time to sell its goods(inventory)
