All categories

3 years ago

Is a group of companies producing a similar product or service

2 answers:

OverLord2011 [107]3 years ago

8 0

An industry is a group of companies that offer similar products or services.
Generally, groups of companies compete within a given industry, such as the mobile phone industry or automotive industry. Industry competitors include Toyota, Ford and Honda.

AlladinOne [14]3 years ago

6 0

INDUSTRY is a group of companies producing a similar product or services.
There are different types of industry depending on the kind of product they produce or the kind of service they offer. Examples are manufacturing industries, technological industry, engineering industry, construction industry, etc.

You might be interested in

When a natural monopoly exists in a given industry, the per-unit costs of production will be?

alina1380 [7]

<span>They will be lowest when a single company produces all of the output in an industry. This will be because the one company is doing all the production and does not have to compete with any other companies trying to enter the marketplace. The lack of new companies will allow the monopolizing company to set their own prices for costs of production.</span>

4 0

3 years ago

in 2021, kiana's house boat was destroyed by a storm in a region that was declared a federal disaster area by the president. she

luda_lava [24]

Kiana will report under the head of natural disaster and its compensation amount is also exempt.

In income tax, there are a total of five heads of income viz

income from salary
Income from house property
Income from profits and gain of business or profession
Income from capital gains
Income from other sources

Each head of income describes different features of income that are taxable.
Income tax is a tax levied on income or profits received by an individual or entity. Income tax is usually calculated as the product of tax rate and taxable income.
Tax rates vary depending on the type and characteristics of the taxpayer and the type of income.

Thus, Kiana's loss results from a natural disaster that is exempt under section 10(10BC).

To know more about income tax refer : brainly.com/question/26316390

#SPJ4

5 0

1 year ago

"I’m not sure we should lay out $250,000 for that automated welding machine," said Jim Alder, president of the Superior Equipmen

NikAS [45]

Answer:

The annual net cost savings promised by the automated welding machine

Annual Costs savings in replacing 6 welders $108,000

Reduced Material costs $6,500

Total annual Costs savings = $114,500

Note there is a $3,000 annual maintenance cost that will then be taken off this savings amount to make up the Annual Net cash inflow of $111,500

A. The Net Present value is $72,227. Kindly refer to the attached document for the clear presentation

B. The project should be accepted because it delivers a positive NPV. Meaning the net benefit outweighs the cost of owning the new Assets.

The Discounted net Cash flow for the 6 years (aside the initial outlay) is $402,227.

Annually this comes to $67,038.

The benefit the business gets in the switch to the automatic welders is approximately $67,038 annually.

7 0

3 years ago

Economic growth in the country of Southville has slowed down in the last few months. Following a collapse in housing prices, se

skad [1K]

Complete Question:

A. According to census data, the percentage of Southville's population that lives in rural areas has gradually been shrinking.

B. The standards for obtaining a mortgage loan in Southville have been more stringent compared to many other countries.

C. Prior to the crisis, the prices of existing homes also increased in proportion to the prices of new homes in Southville.

D. A large proportion of home buyers in Southville were individuals who already owned one or more houses.

E. The inflation-adjusted real wage in the construction industry increased by 10 percent prior to the crisis.

Answer and Explanation:

Options A and D would weaken Bob's argument. The reason why option A would weaken Bob's argument would be because Bob said that the population is increasing whereas the according to the census data, the population has gradually been shrinking.

The reason for option D is that the individuals who already owned houses were buying new houses. So what was the need for them to buy additional new houses?

4 0

3 years ago

What are the costs of “freebie” items?

Oliga [24]

Answer:

The costs of a “freebie” item includes resources to make, a person's labor, and the cost to the store to offer it to us as free.

Explanation:

3 0

4 years ago