The costs in time and other resources that parties incur in the process of facilitating an exchange of goods and services are called a. enforcement costs. b. implicit costs. c. transactions costs. d. explicit costs.

Transactions costs.

Explanation:

Transactions costs are the cost that a business incurs in the course of making a trade. It is not directly part of the product but is realised during transacting activities.

Examples of transaction cost includes legal fees, charges on communication, cost incurred in finding information on price, and labour that conveys product to the market.

Determining transaction cost is important because if transaction costs are high income will reduce, while low transaction cost result in higher income.

definitely a

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.