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Eduardwww [97]
3 years ago
5

In competitive settings, profits will lead firms to _________________ and losses will lead firms ___________, so the incentives

for producing at low cost and coming up with new ways of pleasing customers are strong.
Business
1 answer:
wel3 years ago
5 0

Answer:

The correct answer is: enter the market; exit the market.

Explanation:

In a perfectly competitive market, there is no restriction on entry and exit of firms. So profits will attract other potential firms to join the market. And when the existing firm incurs losses it will cause them to stop operating and exit the market.  

Because of this, the firms in competitive settings are motivated to produce at a low cost and they come up with new ideas to please customers so that they earn a profit.

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If the demand for loans increases, the interest rate will fall.<br><br> True or false
lukranit [14]

Answer:

1. Increases in demand will increase both the interest rate and the total amount of borrowing and lending. Decreases in demand will decrease both the interest rate and the total amount of borrowing and lending.

Explanation:

7 0
3 years ago
Read 2 more answers
In the early days of it, the cio would report to the ____ as it was seen as a way to control costs. as technology has become mor
Morgarella [4.7K]
<span>In the early days of it, the cio would report to the ____ as it was seen as a way to control costs. as technology has become more strategic and able to deliver a competitive advantage, cios now report directly to the ____.</span><span>


CFO; CEO</span>
3 0
2 years ago
Ethics training programs typically teach how to disguise unethical behavior and not how to avoid unethical behavior.
mario62 [17]

Answer: False

Explanation:

Ethics are the moral principles which govern the behavior of a person. Ethics help us to know what is right or what is wrong.

Ethics Training program are done in order to enable workers to be able to identify and also deal with the ethical problems that they may face.

Therefore, the statement that "Ethics training programs typically teach how to disguise unethical behavior and not how to avoid unethical behavior" is false.

6 0
3 years ago
When the activity level changes, ______. Multiple select question. total variable cost changes variable cost per unit changes to
miskamm [114]

When there is a change in activity level, then:

  • Total variable cost changes.
  • Variable per unit remains constant.

<h3>What happens when activity level changes?</h3>

As a result of the change in activity level, the variable cost will change in total because it increases when there is an increase in number of units produced.

The unit variable cost will however remain the same as the company incurs the same variable cost per unit produced.

Find out more on variable cost per unit at brainly.com/question/26373444.

8 0
2 years ago
Select the incorrect statement regarding costs and expenses.Multiple ChoiceExpenses are incurred when assets are used to generat
d1i1m1o1n [39]

Answer:

Manufacturing-related production costs are initially recorded as expenses

Explanation:

Cost is defined as an amount that has to be paid or spent to buy or obtain something. Cost can be specific, like, "What is the cost of a particular product?" or it can be a penalty, like consider the cost of missing the event.

Expenses sounds similar to that of cost: an amount of money that must be spent especially regularly ro pay for something.

Manufacturing cost are considered to as those that are spent to transform materials into finished goods. Manufacturing costs include direct materials, direct labor, and factory overhead.

Manufacturing cost are also known as factory cost or production cost

3 0
3 years ago
Read 2 more answers
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