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kirill115 [55]
3 years ago
12

When one group controls an industry or market by being the only provider, this is called _____.

Business
1 answer:
e-lub [12.9K]3 years ago
6 0
When one group controls an industry or market by being the only provider, this is called MONOPOLY.

Mono - Greek monos means one or single
Poly - Greek polein means to sell.

Monopoly is a market where only one sells a certain good or service. In this type of market there is no competition thus the monopolist is not driven to improve his commodity because consumers have no other choice but to buy his product.
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A unit volume objectives for pricing should be used judiciously because higher volume goals can sometimes result in Blank______.
marissa [1.9K]

A unit volume objective for pricing should be used judiciously because higher volume goals can sometimes result in higher pricing. This is further explained below.

<h3>What is the pricing?</h3>

Generally, set the price for the goods or services to be exchanged.

In conclusion, When setting prices, a unit volume aim should be utilized with caution since volume objectives that are more ambitious may often lead to higher prices.

Read more about pricing

brainly.com/question/19091385

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8 0
2 years ago
Calgary Industries is preparing a budgeted income statement for 2018. Predicted sales for the year are $730,000 and cost of good
NeTakaya

Answer:

$186,900

Explanation:

The gross profit is the difference between the sales revenue and the cost of good sold. The gross profit percentage is the ratio of gross profit to net sales expressed as a percentage.

As such, the net operating income/loss is the difference between the sales and the total costs .

To get the net income, we would first get the gross income.

Gross income

= $730,000 - (40% * $730,000)

= $438,000

Next we must compute the net income before tax. This is the difference between the gross income and the operating expenses

= $438,000 - $90,000 - $81,000

= $267,000

Income tax expense = 30% * $267,000

= $80,100

budgeted net income for 2018

= $267,000 - $80,100

= $186,900

8 0
3 years ago
Question 7 Which combination of factors would result in the lowest monthly mortgage payment? A Big down payment, a longer term l
Sauron [17]
<span>A combination of a big down payment, a longer term loan, and a lower interest rate is expected to result into a low monthly mortgage payment.</span><span />
3 0
2 years ago
The interest rate that lenders publish or advertise is usually:
ivann1987 [24]

Answer:

It’s A the nominal interest rate

Explanation:

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2 years ago
Stelwire LLC, a vintage car dealer, advertises the sale of a 1964 Ford Thunderbolt. Ralph
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Answer:

A) firm offer rule

Explanation:

The firm offer rule states that an offer shall remain open and firm until its expiration date (in this case a fortnight). Stelwire LLC can revoke an offer (anyone can) but in order to do so, it must notify the other party about the revocation. If Stelwire LLC didn't properly revoke the offer before Ralph accepted it, then they are liable for it.

3 0
3 years ago
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