There are different kinds of market. The option that is not a reason perfect competition is a useful simplification, despite the diversity of market types we find in the world is that;
- There are many buyers and many sellers in all types of markets.
<h3>What leads to perfect competition?</h3>
Firms are known to be in perfect competition due to;
- When many firms produce identical products.
- When there are plenty buyers available to buy the product, and and also plenty sellers are available to sell the product, etc.
Firms are said to be in perfect competition when a lot of firms produce the same type of products and also these firms can do business in the market without any kind of restrictions.
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Answer:
Merchandise inventory is classified on the balance sheet as a current asset.
Explanation:
Merchandise inventory refers to the price of products that are available for sale and they are classified as a current asset.
Current assets are the cash and the other assets that can be turn into cash within a year, like inventory as there is a good opportunity that the products are sold in that period which makes inventory to be included in the current assets on the balance sheet.
Answer:
The correct answer is (A)
Explanation:
Product efficiency is a key aspect which every firm or organisation must achieve to improve revenue and profits. Product efficiency is a way to allocate resource to produce goods and service at the lowest average cot possible. Firms usually apply economist of scale to achieve product efficient. Product efficiency can only be achieved by using scarce resources efficiently and effectively.
Answer:
Good communication skills
Problem solving skills
Critical thinking skills
Patience
Self perceptiveness
Explanation:
Logistics Planning. Logistics is the process that creates value by timing and positioning inventory; it is the combination of a firm's order management, inventory, transportation, warehousing, materials handling, and packaging as integrated throughout a facility network.
<h3>How do I create a logistics plan?</h3>
- Have Reliable and Good Suppliers. Every company needs to get products and materials needed to produce its product. ...
- Optimize Inventory Management. ...
- Integrate the Company Divisions. ...
- Meet Deadlines and Keep your Word.
<h3>How long is a Air Force logistics Tech School?</h3><h3>27 days</h3>
This initial training is required for all non-prior service personnel and is 8.5 weeks long.
After graduation from basic training, you'll be sent to your tech school at Lackland Air Force Base (the same base as basic training), which is 27 days long.
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