Want this question answered?
positive
When the Opportunity Cost or the tradeoff between the two goods is always at a constant rate.
many concepts in economics are regarded as empirically observed and evident but not theoretically understood or validated. That is to say there is a void between the academic Economics (traditional) and the practical application of Economics (managerial). Managerial economics serves as a means of applying economic theory to managerial decisions (real life business problems) of dealing with limited resources and competing ends. Managerial economics is a link as it's basis is in "traditional" economics but it can rarely be perfectly applied to contemporary "real life" decision making.
Discuss the relationship between creativity,innovation and entrepreneurship
A wealth gap is the difference between rich and poor people. Scientists use this word to help them discuss the poverty in foreign countries. A wealth gap is the difference between rich and poor people. Scientists use this word to help them discuss the poverty in foreign countries.
what is the diference between merchandising and retailing
One major difference between store and non-store retailing is location. To do store retailing, it has to have a physical location, or a "brick and mortar" presence that a customer can physically go to. In non store retailing, there is no physical location for customers to pick up their good, and instead, they get them through automatic vending machines, television, video, Internet, direct selling, and direct marketing.
retailing is selling the products and services from one particular point and marketing is creating the demand for the products and services and then selling them in the market.
positive
Opportunity cost is that amount which is to forego by adapting different mutual exclusive investing opportunities while tradeoff value is the exchange value of old asset while purchasing same new asset.
Guns and butter used together represent investopedia. This is between the two.
You need two things before you can discuss difference between them!You need two things before you can discuss difference between them!You need two things before you can discuss difference between them!You need two things before you can discuss difference between them!
Product retailing is when a company sells a product that can come from a manufacturer, the store selling the item only sells it does not have a relationship with the consumer. Service retailing is selling a service such as cleaning a house or repairing a car, a relationship is built between the customer and the service provider. When marketing a product the marketer has to show that the product is desirable to the consumer, whereas when marketing a retail service it is a relationship that is being promoted not just a single transaction.
retailing means buying in bulk from the wholesellers and selling in smaller quantities to the consumers while wholeselling means buying goods from the producers and selling in bulk at a higher price to the retailers
marketing is a wider concept whereas retailing is just an part of marketing marketing is creation of demand for goods and services whereas retailing is selling the goods and services. marketing is done in various form such as wholesale, distributor's whereas retailing is done from a particular point marketing focuses on overall consumer's needs and satisfaction whereas retailing only focuses on their own customers to whom they have to sell marketing emphasis on overall customer satisfaction whereas retailing emphasis on selling the profit to earn more and more profit. marketing is directly connected the over all chains whereas retailing is related to directly consumer. by akhil agarwal (ca-ipcc and bba 3rd year)
The cheapest brands won't have a very good build quality, but will be much cheaper. It's a tradeoff.
difference between traditional sources of energy and coal