Author Question: Economic profit is defined as the difference between revenue and ____. a. explicit cost b. total ... (Read 51 times)

lindiwe · **on:** Jul 1, 2018

Economic profit is defined as the difference between revenue and ____.
a. explicit cost
b. total economic cost
c. implicit cost
d. shareholder wealth
e. none of the above

Question 2

The conflict between the Vice President of Marketing and her sales staff arises because
a. the sales staff are too willing to offer discounts
b. the sales staff does not want to negotiate aggressively enough
c. the Vice President wants to negotiate too aggressively
d. the Vice President is more willing to offer discounts to make the sale