1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ulleksa [173]
1 year ago
11

Which of the following are the characteristics of a competitive market? (Check all that apply.)

Business
1 answer:
kakasveta [241]1 year ago
5 0

A competitive market refers to a market where there is no monopoly of producers of goods and services, therefore, competition is high because they all have mission to satisfy the wants of a large consumers.

The characteristics of a competitive market are:

  • Homogeneity of product: The product are made by different producers and encourages competition.
  • There are existence of many buyers and sellers in the market.
  • There is an access to derive perfect information on price of a product at any outlet in the market.
  • There are no charges for transaction costs in a competitive market
  • No barriers to entry into or exit.

In conclusion, there is no producers which can affect the market price through its supplying rate because there are excess supply of similar product in the market.

Learn more about competitive market here

<em>brainly.com/question/7024827</em>

You might be interested in
You are trying to choose between two stocks, Widget and Gadget. Widget has a current stock price of $30 and earnings per share o
gizmo_the_mogwai [7]

Answer:

Gadget will have higher earning.

Explanation:

Price Earning Ratio is the ratio of Market price to the earning per share. PE Ratio measure the effect of earning over the market price of the company.

Widget

Stock Price = $30

Earning per share = $2

PE ratio = $30 / $2 = 15 times

Gadget

Stock Price = $30

Earning per share = $2

PE ratio = $20 / $1 = 20 times

Gadget will have higher earning.

7 0
3 years ago
An individual who provides services to your business, but is not an employee is considered
Reika [66]

Answer:

independent contractor

I hope it helps.

3 0
2 years ago
Which of the following refers to the percentage of an individual​ customer's purchase of a product over time within a single​ br
Sergio [31]

Answer:

c. Share of customer

Explanation:

Share of customer is the percentage which a company gets from the customer when he/she continually purchase the products. it helps in retaining customer which helps in customer relationship management and can help marketers increase the percentage which they get from the customer.

5 0
3 years ago
A problem with the utilitarian principle of ethical decision making is that:_______.
NikAS [45]

Answer:      

Option D                  

Explanation:

The Utilitarian Strategy analyses an intervention in consideration of its effects or results; that is, the net advantages and expenses to all different participants.

It aims to accomplish the maximum good for the greatest amount while producing the least amount of suffering or preventing the most suffering.

In a business setting, this method may focus on a statistical methods of likely results, a traditional cost / benefit calculation, or evaluation of the potential usefulness of a result for different group participants.

5 0
3 years ago
In a business class where team members are arguing over content choices for a powerpoint presentation, it might help to remind e
GREYUIT [131]
<span>The example indicates that the strategy is Appeals to common goals. If you wish to obtain the cooperation of another person, it is very useful to identify some goal or objective that you share with that other person, which can be called a common goal, or a goal that you have in common.</span>
6 0
2 years ago
Other questions:
  • The following information is from the annual financial statements of Nancy Company.
    15·1 answer
  • 3. What is meant by economy of scale? Why would costs be im pacted by the quantity of garment that is produced?
    11·1 answer
  • True or false osha regulations affect employers and employees under federal government authority.
    15·1 answer
  • Which of the following is true concerning temporary and permanent accounts?A. Cash is a temporary accountB. Permanent accounts r
    11·1 answer
  • The Republic of Monaslu has the world's most efficient car manufacturing industry, while the country of Ingora has the world's m
    14·1 answer
  • On January 1, 2018, Coronado Industries issued its 11% bonds in the face amount of $7960000, which mature on January 1, 2028. Th
    12·1 answer
  • Which of the following is not a type of bank? A. Credit Union B. Online Bank C. Payday Lender D. Retail Bank
    10·2 answers
  • When Nina tells her manager that she doesn't feel she needs to attend various training sessions at company expense or utilize su
    8·1 answer
  • The James River Co. pays an annual dividend of $1.50 per share on its common stock. This dividend amount has been constant for t
    10·1 answer
  • Dribbling in field hockey is when you.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!