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
dybincka [34]
2 years ago
15

What does it mean that in a free market that buyers compete against other buyers for goods and services and that sellers compete

against other sellers?
Business
1 answer:
mina [271]2 years ago
4 0
That is economics. Also known as 'Supply and Demand'.It means that the buyers are competing against each other like if one person wants the new Lamborghini and another also wants it, but there is only one in stock, they will have to compete not by fighting but by business, same with the sellers. If there is this new hat and a lot of sellers have it, the sellers will have to compete to sell the hats at the best price, but also earn a profit. Who ever has the best price will attract the buyers.

(P.S. A free market is a market in which the Government does not get involved between the buyer and the seller. That is called Capitalism. In some countries, the Government puts the price. So the Government is getting involved. That is called Communism:)
You might be interested in
One perspective describes ________ as an integrative management field that combines analysis, formulation, and implementation in
VikaD [51]

Answer: strategic management

Explanation:

Strategic management is integrative management field that combines analysis, formulation, and implementation in the quest for competitive advantage.

Strategic management simply had to do with the evaluation of business goals, vision of an organisation and objectives. For organizational goals to be achieved, effective strategies must be put in place.

6 0
2 years ago
John hamilton borrowed $500,000 from stone creek bank to open a new restaurant called sauce-it-up. John transferred $450,000 of
xxMikexx [17]

The appropriate reflection of the cash transactions between these reporting entities is as follows:

        John Hamilton       Sauce-it-up          Stone Creek Bank

Cash   +$500,000           $450,000             -$500,000

           -$450,000

Balance $50,000            $450,000             -$500,000

<h3>What is a reporting entity?</h3>

A reporting entity is an economic unit that publishes general purpose financial reports to enable users make and evaluate their decisions about the allocation of scarce resources.

Thus, John Hamilton's cash holding increased by $50,000 net.  The cash holding of Sauce-It-Up increased by $450,000 while the cash holding of Stone Creek Bank decreased by $500,000.

Learn more about cash flows of reporting entities at brainly.com/question/24179665

7 0
2 years ago
Assume that Jack, Hal, and Sophia enter into a valid contract for the sale of the restaurant and for the covenant not to compete
Andrei [34K]

Answer: C. Reformation

Explanation: A non-compete agreement or clause is a legal binding entered into by two or more parties which restricts the parties from being in competition with the other usually through the sale of similar product. However, in the context above, since the non-compete clause has been breached by Jack, and the judge feels the time constraint in the clause was unreasonably long, The reformation process will be best to remediate the situation, which refers to the change or alteration of the terms of an existing document using the judicial process and requires the conformation of the parties involved.

6 0
3 years ago
The major use of the matrix as a tool in international location strategy is to?
mestny [16]

The major use of the matrix as a tool in international location strategy is to indicate the relative placement of countries in terms of attributes.

A crucial component of a company's success is being in the ideal location. Location frequently affects a company's bottom line and overall profitability. A location strategy is a plan for finding the best site for a business by determining the needs and goals of the organisation and looking for locations with amenities that meet these needs and goals. This typically means that the company will work to maximise opportunities while lowering costs and risks.

A matrix structure combines two or more distinct organisational structure types. It is a way to build up the company's structure so that reporting linkages are established as a grid or matrix rather than in the conventional hierarchy.

Learn more about location strategy here

brainly.com/question/14685434

#SPJ4

7 0
1 year ago
Wilson has a 40 percent interest in the assets and income of the CC&amp;W Partnership, and the basis in his partnership interest
laila [671]

Answer:

a. $24,000

b. $9,000

Explanation:

a. The amount of income or loss from the partnership is limited to the share of the loss rather than its partnership interest

In the given case, the partnership interest is $45,000 and the share of his loss is $24,000

So, $24,000 is reported in his individual income tax return

b. The computation of the Wilson's basis in his partnership interest is shown below:

= Basis in his partnership interest - share of the loss -  cash distribution received from the partnership

= $45,000 - $24,000 - $12,000

= $9,000

3 0
3 years ago
Other questions:
  • If you watch television, you may have seen the ads that show a controlled crash of a car containing crash test dummies and the r
    6·2 answers
  • Your friend is starting a company and wants to identify the job their product will do for people. What advice would you give the
    11·1 answer
  • The _____ measures the dollar value at current market prices of all final goods and services produced annually by factors of pro
    9·1 answer
  • For february, sales revenue is $700,000; sales commissions are 5% of sales; the sales manager's salary is $96,000; advertising e
    13·1 answer
  • ____ 24. the banking system currently has $50 billion of reserves, none of which are excess. people hold only deposits and no cu
    10·1 answer
  • Whice of the following best describes the objective section of a lesson plan
    13·1 answer
  • What is the price of a stock today if it pays a Dividend TODAY of $2. Its growth rate is 5%, and its market return is 12%?
    15·1 answer
  • If an agreement can not be made, a democratic leader will
    8·1 answer
  • Your gross income is 10,000 a month before taxes, and income taxes are estimated at a rate of 20%. In addition, your debt is $2,
    13·1 answer
  • Carillo Industries collected $108,000 from customers in 2017. Of the amount collected, $25,000 was for services performed in 201
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!