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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>

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Select all of the true statements regarding Gary Hamel's thoughts on management:
SIZIF [17.4K]

Answer: • management innovation is essential to future organizational success

• we must look at management as a process, and then make improvements and innovation ongoing and systematic

• much of management theory is dated and doesn't fit the current realities of organizational life

Explanation:

The true statements regarding Gary Hamel's thoughts on management are:

1. management innovation is essential to future organizational success

2. we must look at management as a process, and then make improvements and innovation ongoing and systematic

3. much of management theory is dated and doesn't fit the current realities of organizational life

According to Gary Hamel, yesterday's best practices of organizations can not be creative or adaptable for the business challenges tomorrow.

7 0
3 years ago
Momentum Rollerblades has three product lineslong dash​D, ​E, and F. The following information is​ available: D E F Sales revenu
maksim [4K]

Answer:

Increase in Net Operating Income = $3,000

Explanation:

Provided Current Operating income

D = $45,000

E = $15,000

F = ($5,000)

Total operating Income = $55,000

In case product f is dropped then fixed cost of $21,000 will not be incurred.

Total fixed cost of Product F = $23,000

Avoidable fixed cost = $21,000

Fixed cost still to be incurred = $23,000 - $21,000 = $2,000

Net operating Income will arise same for Product D and E, there will be additional fixed cost of $2,000 without product F

Net Operating Income will be

D = $45,000

Add: E = $15,000

Operating Income = $60,000

Less: Fixed Cost = -$2,000

Net Operating Income = $58,000 after dropping product F

Less: Net operating income with product F = $55,000

Increase in Net Operating Income = $3,000

4 0
3 years ago
​When Julius hears that there are going to be cutbacks in his department, he immediately calls his supervisor and asks for an ap
Darya [45]

Answer:

maladaptive coping

Explanation:

7 0
3 years ago
A study by the Environmental Protection Agency looked at the costs and benefits of the Clean Air Act from 1970 to 1990. This stu
qwelly [4]

Answer: d. 44 times higher

Explanation:

The benefits of cleaner air was $22 trillion and the cost of reducing pollution was $500 billion.

The number of times that you would have to multiply this cost of reducing pollution to get to the benefits of cleaner air is:

= 22 trillion / 500 billion

= 22,000 billion / 500 billion

= 44 times higher

5 0
3 years ago
5
sineoko [7]
If this is a true or false statement, then true. 
5 0
3 years ago
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