A competitive market has many producers competing with one another to satisfy the wants and needs of many consumers. In a free competitive market, the prices of goods and services are set by the consumers and supply and demand aren't regulated by the government. Knowing this, in a free competitive market the rationing mechanism is based on price.
Answer:
Debit : Dividends $50,000
Credit : Cash $50,000
Explanation:
Dividend calculation = 500,000 shares x $1 x 1/10 = $50,000
To record the dividend, the following entry is made :
Debit : Dividends $50,000
Credit : Cash $50,000
Answer:
(1). Demand of radically innovative new product
Explanation:
Forecasting refers to a decision making tool for planning and making estimates of future projections. This is usually achieved by relying on past events to determine future outcomes.
There are two forecast types, namely; judgment-based and quantitative.
The combination of the two types helps to get the best outcome as it aids to mitigate weaknesses.
Answer:
sequential
Explanation:
organizational structures come in four general types – functional, divisional, matrix and flat
