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
to startup a small part time business assume your only cost are paying $100 for equipment and paying each employee you hire $ 20
oksano4ka [1.4K]

And what do you mean by TFC?

The Trilateral Frigate Cooperation?

Takes money to make money so somethings starting off that also how good are the employees in the first place? is it worth $20? why not $15 and get 2 helping hands depending on the size of your business and the payment plan for your building.

4 0
3 years ago
Which of the following is an example of competing on quick response?A) A firm produces its product with less raw material waste
finlep [7]

Answer:

C) A firm's products are introduced into the market faster than its competitors' products.

Explanation:

Quick response refers to shorten the delivery time of products and services to meet  the need of customers at the right moment. This is a way to survive the competition and increase the customer satisfaction. According to this, an example of competing on quick response wil be that a firm's products are introduced into the market faster than its competitors' products as the firm will be having a better delivery time than the competition which will allow it to put the goods first in the market which will give it an advantage by being first.

4 0
3 years ago
A record of payroll infornation including computation of gross and net pay, for each employee for the pay period is called a:___
suter [353]

A record of payroll infornation including computation of gross and net pay, for each employee for the pay period, is called a payroll register

A payroll register is a tool that records each employee's payroll information (gross pay, deductions, withholding tax, net pay, and other payroll-related information) for each pay period and pay date.

TERMS USED IN THIS SENTENCE (33) Accounts Payable Clerk checks payroll for accuracy and produces cash receipts for payroll amounts. Employee checks are drawn from this account and are used only for payroll purposes. Before you can cash your paycheck, you must transfer funds from your general cash account.

A payroll book is a printed or electronic spreadsheet that records key employee payroll information for a specific payroll period. Extension definition. A payroll book helps employers conveniently track employee payroll information.

Learn more about net pay here: brainly.com/question/4356180

#SPJ4

5 0
1 year ago
Spielberg Inc. signed a $170,000 noninterest-bearing note due in five years from a production company eager to do business. Comp
GaryK [48]

Answer:

$100,890

Explanation:

To determine the value of the debt we must calculate the present value of the note:

present value = future value of the note / (1 + interest rate)⁵

present value = $170,000 / (1 + 11%)⁵ = $170,000 / 1.11⁵ = $170,000 / 1.685

present value = $100,890

7 0
3 years ago
What should the priority be for insurance coverage? A. You should buy it only after you've paid all other household expenses. B.
Oksi-84 [34.3K]
The best and most correct answer among the choices provided by the question is the third choice. A priority for an insurance coverage would be that a planned expense for which you budget. <span>I hope my answer has come to your help. God bless and have a nice day ahead!</span>
7 0
2 years ago
Other questions:
  • The measure of how quickly an investment can be converted into cash is known as
    13·1 answer
  • Which of the following best describes the unit price of an 8-ounce bag of walnuts? It is the number of ounces that can be bought
    9·2 answers
  • Fizzy Cola acquired 45% of the voting stock of National Bottlers on January 1, 2017, at a cost of $55,000,000, an amount equal t
    5·1 answer
  • The Assembly Department started the month with 78,000 units in its beginning Work in Process Inventory. An additional 254,000 un
    5·1 answer
  • 1. Capital budgeting decisions are used to determine how to raise the cash necessary for investments. a.True b. False 2. A firm
    12·1 answer
  • The work of your group would be better done in teams if the members of the team are ________.A) independentB) autonomousC) indiv
    6·1 answer
  • Mark is a manager for Cable Connection. He spends most of his time scheduling the specific service calls that each employee perf
    11·1 answer
  • Insurance sales, tax preparation, personal financial advising, and investment fund management are careers in which workers can b
    7·2 answers
  • What isスポーツマーケティングブランとは?
    8·2 answers
  • What are three major inventions in the textile industry and what did each one specifically do to increase productivity?.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!