Hello!
You forgot the alternatives!
incentives
<span>margin </span>
<span>markets </span>
<span>scarcity
</span>
The term that is most closely related to trade-off, from the list above, is: scarcity. Scarcity is the condition that moves the trade-offs, it determines the quantity of each product you need or have. So, for example, if you need a product that you don't have enough and another that you have in excess, you can exchange it with someone that have interest in your product and has the one that you need.
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Based on the above scenario, the answer is No. I would not tell Sue, because manufacturing cost falls under business's internal factors that tends to affect firm's profitability.
<h3>What is discount?</h3>
Others are:
- Also note that if i tell her, my actions will be found to be ethically incorrect.
The term discount is known to be an act or process where a price of product or services are reduced prices to a price lower than the exact sum of that item.
Note that Based on the above scenario, the answer is No. I would not tell Sue, because manufacturing cost falls under business's internal factors that tends to affect firm's profitability.
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Explanation:
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Answer: "The rise in the price of a pair of running shoes will increase the supply of running shoes".
This statement is <u><em> false</em></u> because <em><u>a decrease in demand for running shoes does not increase the price of a pair of running shoes and an increase in the price of a pair of running shoes does not increase the supply of running shoes. </u></em>
This occurs as the price of a pair of running shoes increases,therefore decreasing the demand and thus the supply will not increase.
Answer: Option C
Explanation: In simple words, revenue variance refers to the difference between the revenue one expects to earn as per the budget made for a specified period of time and the revenue it actually earned in that time.
Organisations calculate revenue variance to identify the reasons they are not performing well or the qualities they are performing more than expected.
This measure helps organisation in decision making as to whether they should make changes in their process, and if so then wheat changes, or should remain as they are.