Answer:
My favourite subject is Arthematic of maths
please mark me brainliest
<span>A company facing a simple environment would not thrive. A simple environment would not pose any competition at all for the employees to step up their game and bring out the best in them. Competition is not part of a simple environment but on a complex level.</span>
Answer:
Cash received from ebony is 50k
payment to be met is 28000
net income is
$50000-$28000=$22000
is the net income to be recognised
Answer:
In the long-run, the economy tends to favor consumers more than it favors producers.
Explanation:
This is because, in competitive market structures, firms earn economic profit only in the short-run, but in the long-run, this economic profit either disappears, or decreases substantially, because the structure of the market itself provides incentive for a dynamic flux of firms in and out of the industry, and economic profit moves along that flux: it goes up when the number of firm in the industry goes down, and it goes down when the number of firms in the industry goes up.
Managers should understand these dynamics in order to be able to forecast trends and act accordingly, mainly by developing corporate strategy that tackle the forecasted scenarios.
Finally, an example of a business affected by a fall in demand is airline companies. The airline market is very competitive even if it is dominated by a few firms due to very high barriers to entry and exit. Airline companies are constantly pressured to offer lower prices, while costs do not necessarily fall at the same rate. The recent demand shock due to the current pandemic has left most airlines in a dire condition, using up past reserves to operate, and frequently in need of government assistance.
No more than 36 will be required for graduation. Those who majors require more than 16 credits may take correspondingly fewer than 20 outside the major.
