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
oksano4ka [1.4K]
4 years ago
15

How does the free enterprise system contribute to technological innovations?

Business
1 answer:
notsponge [240]4 years ago
3 0
Free enterprise system stimulates competition because the firm that produces the best product with the lowest cost will be able to make more profits.

So, the firms will invest in new technology that permits them to differentiate from the other firms, by producing a product with new or better characteristics or by increasing productivity.

So, when firms are willing to invest in technology the result is that more people will be developing innovations.

That is how free enterprise system contributes to technological innovations.


You might be interested in
The world's largest producer of municipal solid waste (msw) is ____.
vlada-n [284]
Im thinking its the uk am i right
5 0
4 years ago
Read 2 more answers
What is the price​ level? The price level is​ ______. A. the average level of prices paid by urban consumers for all goods exclu
8_murik_8 [283]

Answer:

Price Level is B. The average level of prices

Explanation:

Price level is the average of current prices across the entire spectrum of goods and services produced in the economy.

Price level refers to the price or cost of a good, service, or security in the economy.

Reference: Kenton, Will. “Reading Into Price Levels.” Investopedia, Investopedia, 27 Sept. 2019

7 0
3 years ago
​Billy's Hamburger Barn has a single​ drive-up window.​ Currently, there is one attendant at the window who takes the order ​(20
Umnica [9.8K]

Answer:

The map of the current process is found in the attached

The minimum cycle time is 1 min 40 seconds

The longest cycle time is 2 min 35 seconds

The new minimum cycle is 1 min 15 seconds

The new longest cycle time is  2 mins

The potential problem that could surface from splitting the process is that once the customer has finished paying the customer has to wait for about 30 to 55 seconds before the second attendant finishes with packaging,hence ,a queue would likely be formed awaiting the second attendant.

The problem could be solved by ensuring the taking money and packaging takes the same time.

Explanation:

Minimum cycle time=20+55+25=100 seconds=1 minute 40 seconds

The longest cycle time=30+90+35=155 seconds=2 min 35 seconds

The new minimum cycle time=20+55=75 seconds=1 min 15 seconds

Taking customer's money also happened in the first 35 seconds of the 55 seconds above.

The new longest cycle time=30+90=120 seconds=2 mins

Download xlsx
6 0
3 years ago
Dividends Paid and Dividends in Arrears The Glendora Company has 200,000 shares of cumulative, five percent, $100 par value pref
Ierofanga [76]

Answer:

Dividend in arrears $ 1,000,000

Total Dividend       $ 2,000,000  

Explanation:

The dividend at 5% of $100 par value is $5 per unit of shares. Recall, each unit of the preference shares has a par value of $100

Dividend calculation = $5 multiplied by the total unit of shares

previous year shares dividend is 5 x 200, 000 unit of shares = $ 1,000,000

This year total dividend payout will be current year of $1,000,000 plus previous year of $1,000,000 = $2,000,000

7 0
3 years ago
Read 2 more answers
Why do internal users need financial data?
AnnyKZ [126]

Answer:

C. to invest in stocks and make business decisions

6 0
3 years ago
Other questions:
  • Giving consumers larger quantities at a low price would help taco bell regain _____.
    6·1 answer
  • Indicate whether each of the following statements is true or false. 1. The corporation is an entity separate and distinct from i
    5·1 answer
  • Equilibrium quantity must decrease when demand
    8·1 answer
  • Natasha and sergio want to prevent their daughter from contracting a specific sti, so they arrange for her to receive a vaccinat
    6·2 answers
  • The income statement for Stretch-Tape Corporation reports net sales of $540,000 and net income of $65,700. Average total assets
    15·1 answer
  • In its most recent financial statements, Del-Castillo Inc. reported $65 million of net income and $950 million of retained earni
    7·1 answer
  • The manager of a consumer products firm said, "We use the brand manager position to train future executives." Why do you think t
    7·1 answer
  • When marginal cost is greater than marginal benefit at the current activity level, the decision maker can increase net benefit b
    7·1 answer
  • Need help ASAP! Tyyyyyy
    9·1 answer
  • What is the impact of 7.4 cpi on consumers
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!