Lesson Summary. There are two types of costs that must be considered by a business: explicit costs and implicit costs. Explicit costs are easier to analyze as they are expenses that require a payment and have an amount that can be calculated.
All-American beer brands that foreign companies now own, such as Budweiser, have defied expectations of marketing experts and continued to exploit patriotic emotions and imagery to sell their products, reports Ad Age. Belgian-Brazilian adult-beverage giant InBev bought Budweiser parent company Anheuser-Busch in 2008 for $52 billion.
And [Miami Heat owner Mickey] Arison would be worth much less than $4.7 billion. Gilbert also owns the Lake Erie Monsters of the American Hockey League and the Cleveland Gladiators, an arena football team, and he operates The Q â which is home to the Cavs, Monsters and Gladiators.