In a market economy, companies rarely worry about the availability of inputs to manufacture their products, but in a command economy, the availability of inputs may not adequately meet consumer demand. It is always a concern as it is decided by a planner.
In a market economy, companies rarely worry about the availability of inputs to manufacture their products, but in a planned economy, input potential may not adequately meet consumer demand. It is always a concern as it is determined by. The availability of inputs will be determined by the market that may not provide the appropriate inputs. In a market economy, input buyers know that consumers want a product.
In a market economy, input buyers know that sellers want to make a profit. There are four types of economies: traditional, command, market, and mixed (combination of market and command).
The market economy, also known as the free market economy or the free enterprise economy, is a system in which economic decisions such as the prices of goods and services are determined by demand and demand.
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Answer:
economic order quantity = 19 units
Explanation:
given data
Annual Demand = 850 units
Cost of carrying = $65 per unit
Ordering Cost = $14
solution
we get here economic order quantity that is
economic order quantity = 
.....................1
put here value we get
economic order quantity = 
economic order quantity = 19.13514
economic order quantity = 19 units
Answer:
The correct answer is D
Explanation:
Computation of allocation of factory overhead cost for the Job NO 117:
Now, computing the rate of overhead allocation as:
Pre- determined rate of overhead allocation = Estimated aggregate overhead / estimated number of labor hours
where
Estimated aggregate overhead is $95,000
Estimated number of labor hours is 9,500 hours
Putting the values above:
= $95,000 / 9,500 hours
= $10 per hour.
Computing the overhead cost to be allocated to Job No 117 as:
Overhead cost to be allocated to Job No 117 = Number of direct labor hours × pre- determined rate of overhead
where
Number of direct labor hours is 2,300 hours
Pre- determined rate of overhead allocation is 10 per hour
Putting the values above:
= 2,300 hours × $10 per hour
= $23,000
Answer:
<u>fostering competition</u>
Explanation:
By deciding to focus on a particular niche these smaller firms in effect foster competitions among other larger firms.
For example, if in a market for shoes, a small firm A, that is newly established decides to focus only on selling shoes for children after recognizing they cannot match up with an existing larger company B that sells a variety of shoes (both children and adult shoes). At a point in time when a number of small businesses are operating in this manner, the larger companies would recognize and account for their influence on the market.
Answer:
The answer is c:
Enforceable via employee agent
Explanation:
The definition of agency law deals with agent-principal relationships; that is a relationship where one party has the legal authority to act in place of another. Relationships that are commonly associated with agency law include employer-employee, administrator-decedent or executor, and guardian-ward.
Agreements that result in the formation of agency-type relationships can be implied or express, and both the principal and the agent can be an entity (such as partnership or corporation) or individual.
Here in the given situation, since, Elaine is an employee of the business and knowledgeable enough to deal with the contract filing, it is implied that she is acting as an employee agent, that she can help the customer in filing the contract.
