Losses
What will be an ideal response?
When sales revenue is less than the production. Taking a set of resources worth a certain amount when you buy them and combining them in such a way that you destroy some of the value of the resources when compared to how much you originally paid for them. Not to be encouraged.
Economics
You might also like to view...
Which of the following is not a major category of business structure?
A. Sole proprietorship B. Partnership C. Public agency D. Corporation
Economics
The value of the best alternative sacrificed to obtain something you want is referred to as
A) explicit cost. B) opportunity cost. C) accounting cost. D) tangible cost.
Economics