Competitive analysis model is not a common tool used in the industry to analyze and develop competitive advantages.
Value chain analysis, the five forces model and three generic strategies are common tools used in the industry to analyze and develop competitive strategies among companies. However, the competitive analysis model is not used to analyze and create a competitive advantage.
A competitive analysis model is a tool or model that marketing experts can use to compare their marketing strategy or business plan to the plans or strategies of their competitors. This model can generate a visual framework for competitive marketing analysis.
To learn more about the competitive analysis model: brainly.com/question/18685357
#SPJ4
A(n) _________ is a firm owned by your financial institution or a sister firm owned by the same company that owns your financial institution.
A(n) affiliate is a firm owned by your financial institution or a sister firm owned by the same company that owns your financial institution.
A agency, abbreviated as co., is a prison entity representing an association of people, whether herbal, criminal or a combination of both, with a specific goal. organisation contributors share a not unusual purpose and unite to achieve unique desires.
An company is a legal entity formed by means of a collection of individuals to interact in and operate a commercial enterprise in a business or industrial ability. An employer's business line depends on its structure, which could vary from a partnership to a proprietorship, or even an enterprise.'
A company is a kind of commercial enterprise shape that is a separate felony entity from its owners. it is a complicated enterprise structure, with better set-up and administrative prices because of extra reporting requirements and higher-degree felony duties.
Learn more about company here:https://brainly.com/question/25806993
#SPJ4
In a group of five people, two report annual incomes of $25,000 and the other three report incomes of $34,000, $46,000, and $105,000, respectively. The mode of this group's distribution of incomes is _____
In a group of five people, two report annual incomes of $25,000, and the other three report incomes of $34,000, $46,000, and $105,000, respectively. The mode of this group's distribution of income is $25,000.
In $25000, $25000,$34000,$46000,$105,000 ; $25000 comes most of the time, so $25000 is the mode.
A set of data values' mode is the value that appears the most frequently. The value of X at which the probability mass function reaches its highest value is known as the mode if X is a discrete random variable. In other words, it is the value that will be sampled most frequently.
When analyzing categorical data where a mathematical average median value based on order cannot be computed, the mode is most helpful as a gauge of central tendency.
The mode calculation is a rather simple process. Organize the numbers in a set in whatever order—from lowest to highest or highest to lowest—and then tally the frequency with which each number appears in the group. The mode is the one that shows up most frequently.
In the question, the annual income of $25,000 comes the most which is 2 times so the mode is $25,000.
Learn more about Mode here:
https://brainly.com/question/6813742
#SPJ4
When the market price of a good increases, the amount that sellers are willing to offer for sale increases.
This statement is best described as the law of supply.
What is the law of supply?The law of supply is a law that describes the relationship between price and the quantity supplied. According to the law of supply, when the market price of a good increases, the quantity supplied of the good increases. And when market price of a good decreases, the quantity supplied of the good decreases.
The law of supply shows that there is a positive relationship between price and the quantity supplied. The law of supply makes intuitive sense because suppliers would want to maximise total profit. Thus, they will be willing to sell more at higher prices.
The law of supply explains why the supply curve is upward sloping. The supply curve shows the relationship between price and the quantity supplied.
Here is the complete question:
When the market price of a good increases, the amount that sellers are willing to offer for sale increases. This statement is best described as Group of answer choices
the maximal quantity curve.
the law of large numbers. the law of supply.
the price quantity principle.
To learn more about the law of supply, please check: https://brainly.com/question/26374465
#SPJ1
levi is an experienced marketing strategist for a software company that sells a learning platform to public schools. he has developed healthy individual measurement habits that drive his success in constantly evolving his company's marketing strategies to the changing needs of the schools.
He runs checks continuously, growing statistics factors that help tell essential strategic decisions. He isolates and analyzes facts that stop failure, which optimizes the effects of his experimental marketing campaigns.
He maintains all sales records in his CRM’s private dashboard, liberating his teammates from seeing records that will distract them from doing their jobs. He starts offevolved his day by way of looking at how properly he's doing on his business enterprise’s key performance indicators. He segments records the usage of his enterprise’s CRM dashboards, giving his employer get right of entry to the facts that power their decision-making.
Levi objectives especially excessive-give-up customers. The company no longer sets the expenses of its merchandise based on the extent of competition. consequently, the costs of Levi's products remain unchanged regardless of the growth in competition. Levi Strauss's strategy is to enforce a wishes-based segmentation technique to channel management.
Learn more about Market strategists here:-https://brainly.com/question/25640993
#SPJ4
business communication essentials, by courtland l. bovee and john v. thill. 8th edition. upper saddle river, n.j.: pearson education, 2018.
The fundamentals of business communication are crucial for crafting succinct, accurate, and persuasive messages in matrixed and cross-functional companies.
Business communication depends on the exchange of information between individuals or groups both inside and outside the organization.
The development of an organization is showing to be greatly aided by the fundamentals of corporate communication. In the age of fierce competition, businesses cannot afford to be obsolete. Effective and fundamental business communication abilities raise the value of a brand by clearly communicating the concepts and goals that underpin it and by fostering organizational growth. With the fundamentals of corporate communication abilities, the company will prosper and soar to new heights.
To learn more about Business communications here
https://brainly.com/question/28103280
#SPJ4
chet bowes owns his own landscaping business, including all the land on which the company grows its plants, and all the equipment. chet's son josh has just graduated from college with an architectural landscaping degree. chet hopes to retire in a few years and turn the business over to josh, and josh will inherit the business when chet dies. this is an example of the in a capitalist system. multiple choice right to have a job right to private property right to compete right to freedom of choice
This is an example of Right to private property.
The fifth amendment protects the right to private assets in ways. First, it states that a person won't be disadvantaged by belongings via the authorities without “due technique of law,” or truthful methods.
One is the special right to the services of the useful resource. thus, for instance, the proprietor of a condominium with entire belongings rights to the rental has the right to determine whether or not to lease it out and, in that case, which tenant to lease to; to live in it himself; or to apply it in every other peaceful way..
Everyone has the proper to own assets on my own in addition to in association with others. no person will be arbitrarily deprived of his property.” So declares article 17 of the 1948 usual announcement of Human Rights.
Learn more about private assets here: https://brainly.com/question/25746199
#SPJ4
explain how (if at all) each of the following events affects the location of a country’s production possibilities curve: a. the quality of education increases: (click to select) . b. the number of unemployed workers increases: (click to select) . c. a new technique improves the efficiency of extracting copper from ore: (click to select) . d. a devastating earthquake destroys numerous production facilities: (click to select) .
The following are the analysis of a Production Possibility Curve. It is to be noted that As education quality improves, the production potential curve will shift outward, improving job skills and productivity. PPC will migrate abroad as human capital boosts the country's resources.
What happens when the number of unemployed increases?It will not affect PPC's position, or it will remain the same, because the number of jobless employees will not change the overall labor force.
What happens when a new technique improves the efficiency of extracting copper from ore?Increased efficiency as a result of technological advancement will move PPC outward as it boosts productivity and allows for greater output with existing resources.
What will happen when a devastating earthquake destroys numerous production facilities?The severe earthquake destroys available resources and capital stock, decreases productivity, and shifts PPC inward.
Learn more about PPC:
https://brainly.com/question/26460726
#SPJ1
the simple circular flow model shows that workers, land owners, and owners of capital offer their services through: product markets
The simple circular flow model shows that workers, landowners, and owners of capital offer their services through resource(or Factor) markets. Thus, option (b) is correct.
What is circular flow model?
An economic model that depicts how money moves across the economy is the circular flow model. Businesses need resources to generate the goods and services that households and households buy.
The circular flow model is the based on the business and the households. The four factors of the recourses to the labor, entrepreneurship, land, and capital) these are the mainly used in the business to manufacturer their goods and produces the services.
As a result, the circular flow model are resource (or Factor) markets. Therefore, option (b) is correct.
Learn more about on circular flow model, here:
https://brainly.com/question/11324259
#SPJ4
Your question is incomplete, but most probably the full question was.
a) Product markets.
b) Resource(or Factor) markets.
c) Employment Agencies.
d) Business Firms.
What are the factors of production involved in starting a business?
Answer:
land, labor, capital, and entrepreneurship.
Explanation:
Factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories
larry wants to hold an event that covers dual special needs plans (dsnp). he will use the slide presentation provided by unitedhealthcare to explain the plan benefits and will help consumers complete enrollment applications at the end. what type of event does larry need to conduct? educational event, formal marketing/sales event, formal educational event, informal marketing/sales event, informal
Larry wants to host a gathering to discuss dual special needs plans (dsnp). He will go over the benefits of the plan using the slides provided by United Healthcare, and at the conclusion, he will assist customers in filling out enrollment forms. Does Larry need to host a formal marketing or sales event?
For those with both Medicare and Medicaid, UnitedHealthcare offers Dual Special Needs Plans (D-SNPs). These plans often go above and beyond what Original Medicare offers in terms of benefits and features, including assistance in coordinating treatment and benefits. A Dual Special Needs Plan can be obtained by those who qualify for it for as little as a $0 plan premium..
Health insurance of this kind includes twin special needs plans. For those who are covered by both Medicaid and Medicare. You are "dual-eligible" if that applies to you. (That's just another way of expressing that you can have both Medicaid and Medicare.)
Dual Special Needs Plans are for those who might benefit from additional assistance. That might be as a result of finances, limitations, age, or health issues. One kind of Medicare Advantage plan is called a dual special needs plan. Dual Special Needs Plans are frequently abbreviated as D-SNP. They all have the same meaning, by the way.
Learn more about Dual Special Needs Plans here
https://brainly.com/question/14617125
#SPJ4
as long as a manager has a good knowledge of the law, it is not very important to be concerned with attempting to prevent legal situations from arising.
As long as a manager has a good knowledge of the law, it is not very important to be concerned with attempting to prevent legal situations from arising. False.
Law is a set of regulations that are created and enforceable with the aid of social or governmental establishments to alter conduct, with its particular definition a depend of longstanding debate. it has been variously described as a technology and the art of justice.
Laws are regulations that bind anybody dwelling in a network. laws protect our preferred safety, and ensure our rights as citizens in opposition to abuses by means of different people, by businesses, and by means of the government itself.
In society, the law is needed for principal reasons: to manipulate the behavior of human beings according to society's norms together with contract laws, regulatory legal guidelines, prohibition legal guidelines, private laws, and so on. To balance the damage finished by using the sufferer in opposition to the character and society in popular.
Learn more about the law here https://brainly.com/question/820417
#SPJ4
investors utilize the interest rate to value the stream of cash flows associated with bond investments. (enter only one word.)
Investors utilize the market interest rate to value the stream of cash flows associated with bond investments.
Bonds are an important part of the capital markets, so investors and analysts want to know how the various features of a bond interact to evaluate its intrinsic value. Investors utilize the market interest rate to value the stream of cash flows associated with bond investments.
Bond valuation entails evaluating the current value of a bond's anticipated future cash flow or coupon payments, as well as the bond's value on it by face value or maturity. Investors use bond valuation to measure what rate of return is needed for a bond investment to be beneficial because the bond's interest payments and par value are fixed.
To learn more on bond investments: brainly.com/question/27586177
#SPJ4
the regulatory cycle provides an opportunity for self-regulation during the latency stage. group of answer choices true false
The regulatory cycle provides an opportunity for self-regulation during the latency stage. The statement is False.
What is the latency stage?The latency stage will last for six years until puberty. This is referred to as the fourth stage of psychosexual development. No additional psychosexual growth happens at this stage since the desire is inactive.
A phase of discovery during which the reproductive energy is restricted or inactive is known as the latent period. This power is still there, but it has been transferred to other activities like learning and networking and plays a crucial role.
Therefore, the statement is False.
Learn more about the latency stage, here:
https://brainly.com/question/4123860
#SPJ4
which of these is an example of a macroeconomic topic? please choose the correct answer from the following choices, and then select the submit answer button. answer choices decreased demand for typewriters causes the average income of typewriter repairmen to fall. increased demand for engineers causes the salaries of engineers to rise. during a recession, glenn works fewer hours and subsequently spends less on eating out. increased economic growth causes the average income of workers to rise.
A macroeconomic topic is increased economic growth causes the average income of workers to rise. (fourth option).
What is a macroeconomic topic?A macroeconomic topic is a topic based on macroeconomics. Macroeconomics is a branch of economics that studies economic aggregates such as economic growth, inflation, unemployment, GDP and growth rate.
The focus of macroeconomics is national output, unemployment, and inflation. The factors studied in macroeconomics give an indication of the overall health of the economy being studied.
On the other hand, microeconomics is a branch of economics that studies the decisions individuals and firms make in response to changes in economic factors.
To learn more about macroeconomics, please check: https://brainly.com/question/13244131
#SPJ1
List the manpower of medical field
Is the list of manpower ofedical field doctor
Explanation:
qertyuuioplkjh
supply chains encompass four flows. describe the four flows, and why are they important? how are they related to each other?
The four flows of the supply chain are as follows:
Material flow: This is the flow or movement of the physical goods from the supplier or producer to the consumer. This encompasses returns and other service requirements. This flow is possible through various warehouses among distributors, dealers, and retailers.Information flow: This includes transmitting orders and updating the status of the delivery. It consists of the purchase order, monthly schedules, quality complaints, reports on supplier performance, and so on. Documentation flow: This flow is very much important for keeping the track of information and the movement of goods in a supply chain. New ERPs, Supply Chain Management software, and Blockchain help with this flow.Finance flow: This flow includes payment, schedules, and credit terms. consignment along with title ownership arrangements.These flows are very important because an optimized supply chain flows results in lower costs and a more efficient production cycle. These also help in boosting a company's profitability and help in remaining competitive. All these flows are interconnected with one another effectively. The operation of one flow depends on the other and so on.
Learn more about supply chain: brainly.com/question/45077837
#SPJ4
the line (or curve) that represents the combinations of the two goods produced on the production possibilities frontier is a boundary between output levels that are and output levels that are unattainable. (remember - use only one word to fill in the blank.)
The line that represents the combinations of the two goods produced on the production possibilities frontier is a boundary between output levels that are attainable and output levels that are unattainable.
What is the production possibilities frontier?The production possibilities frontier is a curve that assumes an economy produces only two goods. The curve shows the various combination of two goods that the country can produce if its resources are fully employed.
The production possibilities frontier is convex to its origin. Production activities that take place on the curve and inside the curve are attainable. While production that takes place outside the curve is unattainable given the level of resources that the economy has.
For more information about the production possibility frontier, please check: https://brainly.com/question/25774783
#SPJ1
a decrease in the price of eggs, all other things unchanged, will result in a(n): increase in the demand for eggs. increase in the supply of eggs. greater quantity of eggs supplied. greater quantity of eggs demanded.
The right response is Option D
A decrease in the price of eggs, all other things unchanged, will result in a(n) D) Greater quantity of eggs demanded.
The entire amount of an item or service that customers desire during a specific time period is referred to as the quantity demanded in economics. The quantity required is influenced by a product or service's pricing in the market.What are the amount and kind of demand?The quantity of an item or service that customers are willing and able to purchase at specific pricing during a specific time period is known as demand. The amount of an item or service that will be purchased at a specific price at a specific time is known as the quantity demanded.To learn more about Quantity of a demand, Click the links.
https://brainly.com/question/14891744
https://brainly.com/question/14981886
#SPJ4
The _____ organizes data by recording all the values observed in a sample as well as how many times each value was observed.
The distribution organizes data by recording all the values observed in a sample as well as how many times each value was observed.
Data distribution is a function that provides all possible values of a variable and also quantifies their relative frequencies (probabilities of how often they occur). Distributions are considered for all populations in which the data are spread out. Another example is a pie chart showing the percentages of different substances that make up the complete object.
We divided the distributions into two categories, depending on the type of organizes data you are using. Discrete distributions for discrete data (finite results) and continuous distributions for continuous data (infinite results).
Learn more about organizes data at
https://brainly.com/question/7622579
#SPJ4
dubaiworks manufactures angular contact ball bearings for pumps that operate in harsh environ¬ments. the company invested $2.4 million in a process that resulted in net profits of $760,000 per year for five consecutive years. what rate of return did the company make?
The total return of investment that the company made is 31.67%.
According to the information given in the equation
that the amount of investment is $2.4 million and the net profits earned form investment is $760,000 per year for 5 years.
P - is the cuurent value of money (or starting amount of investment),
F- is the future value of money
at a designated time.
A - is series of equal, consecutive payments made at end of periods defined,
n- is the time period or number of interest period, and
i is interest rate.
P = $2,400,000;
n = 5;
A = $760,000;
i =?
To calculate the rate of return is in the followijng way:
Rate of Return = Profit per year / Investment x 100
$760,000 / $2,400,000 x100 = 31.67%
So, the total return of investment that company made is 31.67%.
Learn more about investment here: https://brainly.com/question/24703884
#SPJ4
the three essential categories of skills that managers need are technical skills, interpersonal skills, and skills.
Answer:
Almost right. The three types of skills that are essential for a manager are technical skills, conceptual skills, and human or interpersonal management skills.
Explanation:
almost accurate Technical, conceptual, and human or interpersonal management abilities are the three categories of talents that are crucial for a manager.
What is interpersonal management?People look up to you because you are a leader and a person in power. Leader - As a leader, you oversee everyone in the group's performance and duties while also providing direction to your team, department, or even the entire organization.
A sales manager counseling a salesman who is struggling to fulfill their sales quotas is an example of an interpersonal role. Another illustration would be a department head accepting an award at a ceremony on behalf of their team.
Possessing strong interpersonal abilities increases comfort, likeability, and approachability. Strong interpersonal communication abilities inspire employees to push themselves and perform at a higher level.
Thus, almost accurate Technical, conceptual, and human or interpersonal management abilities
For more information about interpersonal management, click here:
https://brainly.com/question/15225951
#SPJ2
rooney corporation paid one of its sales representatives $6,500 during the month of march. the rep is paid a base salary plus $12 per unit of product sold. during march, the rep sold 120 units. required calculate the total monthly cost of the sales representative’s salary for each of the following months:
A corporation called a C corp is a legal entity that's separate from its owners. Corporations can make a profit be taxed and can be held legally liable.
Corporations offer the strongest protection to their owners from personal liability, but the cost to form a corporation is higher than other structures.
Rep is paid a base salary plus $10 per unit of product sold. On March, the rep sold 300 units. the total monthly sales cost.
Total Salary paid during March = $4,000
Units sold during March = 300 units
Variable cost = $10 per unit
Total Variable Cost = Units sold in a month * Variable Cost per unit
Total Salary = Total Variable Cost + Total Fixed Cost(Base Salary)
$4,000 = $10 * 300 + Total Fixed Cost
Total Fixed Cost = $4,000 - $3,000 = $1,000
Total Fixed Cost is the base salary that would remain constant every month.
Month March April May June July
Number of units sold 300 320 180 360 200
Total Variable Cost 300*$10 = $3,000 320*$10 = $3,200 180*$10 = $1,800 360*$10 = $3,600 200*$10 = $2,000
Total Fixed Cost $1,000 $1,000 $1,000 $1,000 $1,000
Total Salary Cost $4,000 $4,200 $2,800 $4,600 $3,000
Learn more about corporation here
https://brainly.com/question/13551671
#SPJ4
Freedom of ensures that entrepreneurs and private businesses are free to obtain and use economic resources to produce their choice of goods and services.
Freedom of enterprise ensures that entrepreneurs and private businesses are free to obtain and use economic resources to produce their choice of goods and services.
Freedom of enterprise way that marketers and organizations have the freedom to attain and use sources, to provide merchandise of their choice, and to promote those merchandise in the markets of their preference.
Free enterprise, also called unfastened market or capitalism, is an economic system driven by the aid of supply and call for. Personal corporations and customers control the market with little to no interference from the government. With this kind of device, the authorities does no longer have an important plan for the country's economic system.
The overall wealth of America has been performed due to the unfastened enterprise device. The U.S. has a confined authority, and that feature extends to financial picks; most decisions about what, how, and for whom to supply are left to market forces in preference to authorities' dictates.
Learn more about capitalism here brainly.com/question/25879591
#SPJ4
arises when a businessperson takes advantage of a situation for his or her own personal interest rather than for the employer's interest.
Conflict of interest arises when a businessperson takes advantage of a situation for his or her own personal interest rather than for the employer's interest.
A conflict of interest occurs only when an entity or any individual becomes unreliable because of a clash between personal interests and the professional duties or the responsibilities.
Such a conflict occurs when any company or any person has a vested interest in money or status or knowledge or relationships, or any reputation which puts into question whether their actions, or decision-making can be unbiased. When such a situation arises, the party is usually asked to remove themselves.
To know more about conflict of interest here:
https://brainly.com/question/15544718
#SPJ4
the entity that normally is supposed to determine whether an academic researcher's conflic of interest can be managed is
A conflict of interest committee is the entity that normally is supposed to determine whether an academic researcher's conflict of interest can be managed.
What is conflict?Conflicts arise from disparate interests, points of view, or even philosophical notions. Conflict will always exist in society because it might stem from personal, race, class, caste, political, or even international issues. In disagreements that are emotional, intellectual, or theoretical, academic recognition may or may not be a key motivator. Cultural conflict is a form of intellectual conflict that, due to diverse cultural conventions and beliefs, tends to get worse over time.
Group conflicts typically follow a predefined course. An internal conflict, which is typically sparked by conflicts between the group's members, internal disagreements, or a lack of resources, initially interrupts normal group interactions.
To learn more about conflict ,visit:
https://brainly.com/question/17744728
#SPJ4
A vintner is deciding when to release a vintage of sauvignon blanc. If it is bottled and released now, the wine will be worth million. If it is barrel aged for a further year, it will be worth % more, though there will be additional costs of incurred at the end of the year. If the interest rate is 7%, what is the present value of the difference in the benefit the vintner will realize if he releases the wine after barrel aging it for one year or if he releases the wine now?.
The present value of the difference in benefits the wine seller would realize if he gave up the wine after the barrel had aged for a year or if he gave up the wine now is $328,972 more if he gave up the wine now.
Present value is the future cash flows that are at the discount rate. The value of future cash flows depends on the present value or discount rate determined. If the present value is higher, it is likely that the present value of future cash flows will be lower. To properly value future cash flows, determining the right discount rate plays a very vital point.
For example, if you have $1,000 today, your $1,000 will increase in value a few years from now. This will increase because you can use it for your investment, and in the future, you may get additional rewards. The calculation of present value is very important for businesses because it allows investors to compare cash flows at different times.
You can learn more about Present value here brainly.com/question/17322936
#SPJ4
In economics, the pleasure, happiness, or satisfaction received from a product is called.
In economics, the pleasure, happiness, or satisfaction received from a product is called: utility.
Is the pleasure happiness or satisfaction obtained from consuming a good or a service?In economics, utility is the enjoyment, benefit, or value a customer obtains from a good or a service. Customers do not accept "good enough" as a solution, to put it another way. A util is a metric used to measure happiness or satisfaction.
What is a "utility"?The consumption of the hamburger has boosted the consumer's utility, according to every economist. Most economists agree that individuals are naturally utility-maximizing agents that base their choices on the anticipated advantages of alternative possibilities. The disputable components are utility's application and measurement.
To learn more about utility from given link
https://brainly.com/question/24922430
#SPJ4
a contraction period is characterized by the following attributes: businesses that are operating lower productive capacity, unemployment, low retail sales, prices and interest rates, a declining stock market, and expectations of business profits.
Economic cycle is defined as the fluctuations of the economy between the period of expansion and contraction.
There are four stages of economic cycle :
Expansion, peak, contraction, trough
Under the stage of contraction, the business flow is slow as low retail sales, prices, interest rates. The correction will takes place in this stage and economy started recovering in the next stage that is trough.
It is very important to insight the economic cycle for taking major decisions regarding investment and business.
This cycle goes in cyclic pattern.
The investors will invest more in the contraction period because rates were relatively low in this stage.
To know more about economic cycle:
https://brainly.com/question/1253307
#SPJ4
question mode multiple choice question melton's door company pays rent on the building facilities of $5,000 on may 1. show how to record this transaction in the accounting equation of melton's door company. multiple choice question. cash will be increased. rent expense will be increased. rent expense will be decreased.
The fact that Melton's Door paid rent on the building facilities would affect the accounting equation is rent expense will be increase.
How will the accounting equation be affected?The accounting equation is:
Assets = Equity + Liabilities
The cash that was used to pay the rent will have the effect of decreasing the assets. As a result, either the liabilities or the equity will need to decrease.
This decrease will come from the equity because the rent will increase and cause a decrease in revenue which is equity.
Find out more on the accounting equation at https://brainly.com/question/24401217
#SPJ1
You buy a $100 ticket to a theme park and once inside you can ride on as many rides as you want at no extra cost. In this case, the opportunity cost of going on each ride will be zero. True or false?.
It is incorrect to state that in the given statement, the opportunity cost of going on each ride will be zero. hence, it is a false statement regarding opportunity cost.
What does an opportunity cost?The opportunity cost is a concept used in microeconomic theory to describe the value or advantage lost when choosing one activity over another. Simply put, it implies that you lose out on the opportunity to engage in another activity if you choose one.
hence, It is incorrect to state that in the given statement, the opportunity cost of going on each ride will be zero. it is a false statement regarding opportunity cost.
Learn more about opportunity cost:
https://brainly.com/question/1549591
#SPJ4