0
Is The possibility of filling unsatisfied needs in sectors in which a company can profitably produce goods or service is a market opportunity?
Wiki User
∙ 14y ago
Because there are many new products that have to be invented to serve new needs.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Suppose a company uses pulp instead of recycled materials to make paper what is the opportunity cost of the company's choice?
Use recycled materials....
How could opportunity cost be examined?
Opportunity cost is the cost of the next-best choice available to someone who has to pick between several choices. It is a key concept in economics used to describe "the basic relationship between scarcity and choice". Opportunity cost is examined by selecting one option and then comparing the expected rewards of that option to the rewards of next option. If a company had money to invest in either marketing or production the opportunity cost of one would be the loss of benefit form not picking the other. For example if the company chooses to invest in marketing instead of improving manufacturing (its next best option) which would increased profits $100000 the opportunity cost of the decision is said to be $100000. If the company makes more than $100000 the company has made a good decision. If the increase in marketing does not make $100000 for the company the decision is considered not at as good as the lost opportunity-cost. It would have been more profitable to invest in the option not selected.
Distinguish opportunity cost and out of pocket cost?
Opportunity cost is the cost that one incurs from not taking an action as compared to taking another action. Stock markets are a good example of this. Say you can invest in company A and company B. You invest for 6 months. Let's say you chose company A. Over those six months, company A's stock price goes up by $5 and company B's price goes up by $11. You made a profit of $5 per share. But your opportunity cost was $6 because you could have invested in company B and made $6 more. This is important because your money would have been more efficiently spent on company B (and economics is all about efficiency). Out of pocket costs are costs that you would directly incur for any given action. Back to the stock market example. Say your broker charges you $1 to buy a share in company A and $2 to invest in company B. Those costs are out of pocket. One important point is that you may know what your opportunity costs are. In the stock market example you do not know what your opportunity costs are, but in many situations this is not the case.
What are the examples of opportunity cost in a business?
An opportunity cost means that, in order to do one thing, you must give up something else (those something else's are the opportunity costs). An example of an opportunity cost would be the large amount of money that would need to be invested in order for a company to make itself more environmentally-friendly (like installing solar panels).
What was its opportunity cost?
The cost of passing up the next best choice when making a decision. For example, if an asset such as capital is used for one purpose, the opportunity cost is the value of the next best purpose the asset could have been used for. Opportunity cost analysis is an important part of a company's decision-making processes, but is not treated as an actual cost in any financial statement.
When a company identifies the parts of the market it can serve best and most profitably it is practicing?
segmenting
What difference are you going to make in a company during an interview?
In an interview, you have to convince the company that you are the right person to employ to help that company to trade profitably. Do your research on the company before the interview!
Is Hertz a car rental company that has locations throughout the world or are their locations limited to the United States?
Hertz has rental locations throughout the populated world, virtually anywhere that the market conditions afford them the opportunity to conduct their business profitably. They will in fact rent you a car in Baku, Azerbaijan and in Sanaa', Yemen.
What are the basic goals for marketing?
The basic goals of marketing are focusing the resources and objectives of a company on the targets identified by marketing research. The company's products must move to the consumer market efficiently and profitably.
Where can someone complain for unsatisfied service of quickbooks online?
The quickbooks website has a support link on the top of the page that can be used to contact a representative of the company.
How do you use open opportunity in a sentence?
I seized the open opportunity to showcase my skills during the company's presentation.
Reasons to change job and company?
No career opportunity
How much money does a pharmaceutical sales person make?
Between 40-55k depending on the company and your experience. On top of that there is the possibility of making more because you get bonus incentives, a company car, car insurance and gas paid for. So you have the opportunity to make about $20,000 more over your base pay if you are looking at total compensation.
What is Bank of America company tagline?
It's "Bank of Opportunity"
Is vonage phone company the best phone company in canada?
Vonage being the best phone company in Canada is a matter of opinion. Some customers are very happy with vonage and plan on staying with them. But there are also unsatisfied customers who left vonage for other companies.
Why do you want to join Vedanta?
The company provide excellent growth opportunity, and the opportunity to solve new problems that improve your creativity
Why do you want to leave in your company?
looking for a new challenge at an innovative company to get better job opportunity or advancement
