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Aleonysh [2.5K]
1 year ago
10

firms operating in a/an market, sell their product in a market with many other firms who produce identical or extremely similar

products.
Business
1 answer:
frozen [14]1 year ago
4 0

The firms operating in a  perfectly competitive market, sell their product in a market with many other firms that produce identical or extremely similar products.

<h3>What is a Product?</h3>

A product is referred to as final or finished goods distributed in the market to serve the customers. This product can be both goods and services in which goods are tangible and services are intangible.

When all businesses sell identical goods, market share has no effect on prices, businesses can enter and exit the market without any restrictions,  and businesses are unable to set prices, perfect competition is said to present.

Learn more about perfectly competitive, here:

brainly.com/question/13961518

#SPJ1

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A firm's _________ is the symbolic embodiment of all the information connected with a product or service
Nostrana [21]
Answer: brand

Explanation: A company's brand is its identity, and it is one of the most valued parts of the business. The brand is what consumers recognize and competitors fear.
7 0
1 year ago
Under a perpetual inventory system, a.a physical count is required to determine cost of merchandise on hand b.the purchases retu
agasfer [191]

Answer:

d.accounting records continuously disclose the amount of inventory

Explanation:

Under the perpetual inventory system, an entity continually updates its inventory records to account for additions to and subtractions from inventory for such activities as:

Received inventory items

Goods sold from stock

Items moved from one location to another

Items picked from inventory for use in the production process

Items scrapped

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3 years ago
How can capital budgeting tools assist in evaluating a manager who is responsible for retaining customers of a cellular telephon
Lady_Fox [76]
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3 0
3 years ago
Boyd Docker engaged in the following activities in establishing his photography studio, SnapShot!:
WARRIOR [948]

Answer:

1. Dr Cash $8,290

Cr Common stock $8,290

2. Dr Supplies $980

Cr Cash $390

Cr Accounts payable $590

3. No Entry $0

No Entry $0

Explanation:

Preparation of the entries to record the transactions

1. Based on the information given if he deposited the amount of $8,290 of his own money into this account in exchange for common stock the journal entry will be:

Dr Cash $8,290

Cr Common stock $8,290

(Being To record the investment)

2. Based on the information given in a situation where he Purchased photography supplies at a total cost of the amount of $980 which means that if The business paid the amount of $390 in cash, and the balance is on account the journal entry will be:

Dr Supplies $980

Cr Cash $390

Cr Accounts payable $590

($980-$390)

(Being To record the purchase of supplies)

3. Based on the information given in a situation where he Obtained the estimates on the cost of photography equipment from the three different manufacturers which means that no transaction or entry will be recorded.

No Entry $0

No Entry $0

4 0
3 years ago
Question 2
Vesnalui [34]

Answer:

d. willingness to pay of all buyers in the market.

Explanation:

The demand curve shows the relationship between the price of a good or service and the quantity demanded at a particular time.

Therefore, a demand curve reflects:

a. highest price buyers are willing to pay for each quantity.

b.quantity that each buyer will ultimately purchase.

c. value each buyer in the market places on the good.

With this in mind, what the demand curve does not reflect, with these in mind is a willingness to pay of all buyers in the market.

8 0
2 years ago
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