If you buy a new video game, you cannot pay your cell phone bill. This is an example of...
setting a long term goal
setting a short term goal
realizing opportunity cost
Answer:
realizing opportunity cost
Explanation:
Opportunity cost is a dilemma where consumers need to choose what to do with their money. To buy something he or she wants, he or she necessarily needs to forgo other possible ways to spend their money. This is because consumers have a financial constraint, meaning they can't buy everything they want. Thus, the opportunity cost of buying a video game is all that one fails to buy with the money spent on buying the video game. For example, he or she could take a trip, buy an outfit etc. Thus every consumer choice involves an opportunity cost. In the narrated case, if he buys the video game, he will not have money to pay the phone bill. Being without a phone is very bad, so the opportunity cost in this case is high as it affects the welfare. Given this, the consumer will decide according to the usefulness of the video game and the mobile phone. Then he will choose to use the money for whatever brings him the most satisfaction and well-being.
Realising opportunity cost?
b. bargaining power of customers
c. threat of substitute products
d. bargaining power of suppliers
Answer:
The correct answer is strategic business unit.
Explanation:
Strategic business unit refers to the set of activities carried out by a company for which a common and different strategy can be established from the rest of the company's activities. This strategy is autonomous from the rest, but it is not entirely independent since all the strategies of the different strategic business units are linked within the company's global plans.
Answer: Strategic business unit
Explanation:
Strategic business unit could be defined as companies that have various arms under them and they operate as an Independent Enterprise. Business can be planned separately based on the various different arms as each targets it market audience. They do have a manager who monitors the various sectors. An example of this is the Dangote industries located in Nigeria which encompasses other industries within her like sugar, cement production.
Answer:
Hind milk
Explanation:
best breast feeding milk
A. billing cycle
B. finance charge
c. minimum monthly payment
O D. grace period
Answer:
Finance Charge.
Explanation:
Credit card is an instrument issued by the bank that allows the holder to buy goods and services in credit . In other words , it gives the holder loan opportunity that are repayable in the future.
The bank charges a finance charge or interest rate on the amount owed based on the annual percentage rate , the amount owed and the length of repayment period . This is paid until the balance is fully offset within the grace period.
The minimum amount of money a credit card holder must pay to keep the account in good standing is called the minimum monthly payment.
The minimum amount of money a credit card holder must pay to keep his or her account in good standing is called the minimum monthly payment. This is the smallest amount that the cardholder is required to pay each month in order to avoid late fees and maintain a positive credit history. It is typically a percentage of the outstanding balance on the credit card.
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