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
tatiyna
3 years ago
12

Some one can answer pls?

Business
1 answer:
olga_2 [115]3 years ago
8 0
The prospect of greater market share and setting themselves apart from the competition is an incentive for firms to innovate and make better products. But no firm possesses a dominant market share in perfect competition. Profit margins are also fixed by demand and supply.

A perfectly competitive firm is a price taker, which means that it must accept the equilibrium price at which it sells goods. If a perfectly competitive firm attempts to charge even a tiny amount more than the market price, it will be unable to make any sales.
Perfect competition occurs when there are many sellers, there is easy entry and exiting of firms, products are identical from one seller to another, and sellers are price takers.
The market structure is the conditions in an industry, such as number of sellers, how easy or difficult it is for a new firm to enter, and the type of products that are sold.

Hope this helps:)
You might be interested in
Solstice Company, which uses the direct write-off method, determines on October 1 that it cannot collect $70,000 of its accounts
lukranit [14]

Answer:

<u>Oct 1</u>

Dr Accounts receivable 70,000

Cr Bed debts expense 70,000

(Accounts receivable is an asset and when it increases, they are debited. When expenses increase, they are credited.)

<u>Oct 30</u>

Dr Cash 70,000

Cr Accounts receivable 70,000

(Cash is an asset and when it increases, it is debited. Accounts receivable is an asset and when it decreases, they are credited)

8 0
2 years ago
The basic summary device of accounting is the
steposvetlana [31]
 It is the detailed record of all the changes in a specific asset, liability, or stockholder's equity item as a result of transaction. Hope this helps!
5 0
3 years ago
Future Ways Manufacturing has the following direct materials price list for gadgets: Motor, 1 per gadget: $84.79 Casing, 1 per g
r-ruslan [8.4K]

$2.85 is the standard fixed manufacturing overhead cost per gadget

<h3>What is manufacturing ?</h3>

Manufacturing is the process of creating or producing goods using equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of the economy's secondary sector.

The Manufacturing Principles are a set of elements shared by all manufacturing industries that revolve around the concepts of flow and variation. These principles have emerged as a result of close collaboration with the manufacturing industries at both the research and operational levels.

A wide range of complex chemical or biological processes are used in the production of API. API synthesis from raw materials necessitates multi-step procedures involving a variety of high-tech processing technologies.

To know more about manufacturing  follow the link:

brainly.com/question/26320301

#SPJ4

3 0
10 months ago
4. List three reasons for dividing a grill into zones of varying heat intensity.
SCORPION-xisa [38]

In the United States broiling is a top-down heat whereas grilling is a bottom-up heat. Grilling is anything where heat is aimed at food, top, side, or down. Baking in the UK is the same as in the U.S. (convective or ambient temperature equivalent cooking.)

Hey only know #6 so i hope this helps

3 0
3 years ago
Which of these scenarios involves commodity money?
Alekssandra [29.7K]
Money is a kind of asset in an economy that is castoff to purchase goods and amenities from other people. A commodity is a physical thing that is willingly substitutable with one more item of the same type. Commodity money is a commodity that has intrinsic value. Intrinsic value is the commodity has worth though it is not used as money. So the answer is a woman offers her neighbor a US silver dollar in exchange for a bicycle.

4 0
3 years ago
Read 2 more answers
Other questions:
  • Which demand did the aim members insist the fbi negotiator grant immediately?
    6·1 answer
  • A company marketing team identifies a small group of consumers who fit the profile of the typical customer. The team observes, g
    7·1 answer
  • Percy is a rich boy whose parents supply him with every conceivable necessity of life. While still a minor, Percy buys a coat on
    5·2 answers
  • The accounting procedures for sole proprietorships are the same as for partnerships except
    12·2 answers
  • Jared Bledsoe hired Green Gardens, a local landscape firm to plant trees and shrubs in his front yard. The landscape is beautifu
    15·1 answer
  • In economics, all of the following are included among the three main uses of money EXCEPT:
    6·2 answers
  • All of the following are functions of packaging EXCEPT:____________A) containing and protecting the product.B) guaranteeing prod
    8·1 answer
  • You have been offered a 10-year bond issued by Tiger Inc., at a price of $950.00. The bond has a coupon rate of 8% and pays the
    11·1 answer
  • Which statement is not true about the self-managed team approach?
    12·1 answer
  • The balanThe balance in the supplies account before adjustment at the end of the year is $780. The proper adjusting entry if the
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!