Answer:
This is because in a free market, the prices of goods and services are determined by market forces, and the price mechanism will always keep the market at equilibrium.
Explanation:
The free market is a market without government intervention, equilibrium price and quantity are determined by the interaction of the market forces, also called price mechanism , which Adams Smith referred to as the invisible hands in the market.
The free market cannot operate outside the equilibrium because, the market forces will always keep the market towards equilibrium. Even if equilibrium is distorted, as a result of any shock, the market forces will bring the market towards equilibrium all things being equal, except there is market failure.
a free market is a market in which prices of goods and services are set by demand and supply and are allowed to reach their point of equilibrium without government intervention
Answer:
True
Explanation:
In the case when the products is completed in all respects so here the product cost that involved direct material cost, direct labor cost, and overhead cost from raw material inventory would be transformed to the finished goods inventory
Therefore the given statement is true
hence, the correct option is first
Answer:
The consumer sales promotions your company is offering has increased demand slightly, but you have come to realize that another way of putting your products in front of consumers is to incentivize resellers. You decide to investigate types of trade-oriented promotions to appeal to resellers and other market intermediaries. While these promotions will cost your company money, you believe the additional incentives to resellers (such as 50¢ for each product they sell) will convince them to continue pushing your products.
Choose the trade-oriented promotion technique below with the incorrect description.
5. You believe that retailers will stock more of your products if you offer them one free case for every dozen cases they order.
6. You believe that you can showcase your new product line by displaying it and demonstrating it to industry associates.
7. You believe that if resellers are willing to feature your products prominently at the ends of their shopping aisle, they would have a better chance of reaching their target market. You decided to provide resellers with special displays to stimulate sales of the promoted items.
8. You believe that offering free samples to consumers in the flagship stores of your major resellers will convince these resellers to give your products extra shelf space.
Answer is Option 4
Explanation:
The fourth option above has incorrect description because when you offer free samples of your items to consumers, and that In turn may not add to business growth of your resellers (But your company) and it will not be enough to convince them to make additional shelf space for your products.
When you offer additional item for resellers to stock more of your products, it means they are buying more with less funds and are bound to make more profits. That can be convincing for them. Also, they can be better compelled to stick to your product lines when you offer them special displays and then demonstrate your new product lines before different industry associates in trade shows
It is impossible for long-term forecasts to be as accurate as short-term forecasts, because long-term forecasts are based on intuitive facts that may not happen.
Short-term forecasts are more accurate because they are based on how the financial market and trade are doing today, so it becomes easier to predict (through real data) the sales and revenues that a product will be able to produce in a few weeks. However, a country's market and economy situation can change in a matter of months, as these changes can be unpredictable, long-term forecasts are impaired and end up being less accurate.
We can see an example of this right now, through the economic crisis that is spreading all over the world, caused by the expansion of the coronavirus. This expansion was something completely premeditated and probably not considered in the companies' long-term forecasts.
