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PIT_PIT [208]
3 years ago
14

A(n) _____ is a legal entity whose assets and liabilities are separate from that of its owners'. It can also enter into contract

s with individuals or with other legal entities.a. proprietorshipb. corporationc. limited partnershipd. cartele. general partnership
Business
1 answer:
ser-zykov [4K]3 years ago
7 0

Answer:

The correct answer is letter "B": corporation.

Explanation:

A Corporation is an organization -usually a large business- with specific characteristics. Under the law, corporations are deemed separate legal entities from their owners. This means that <em>corporations themselves, not the owners, are legally liable for their actions and debts.</em>

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Answer:

Overall cost leadership.

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Cost leadership can be defined as to lowest cost that is available in an industry. A cost leader in an industry has achieved a competitive advantage by being able to give the lowest price compared to other businesses in the market

Even where there is high competition businesses with low cost advantage perform well and have good profit margins.

So to avoid overall cost leadership firms convince rivals not to enter a price war, protection from customer pressure to lower prices, and the ability to better withstand cost increases from suppliers.

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Hello!
The answer to your question is "price elasticity".
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telo118 [61]

Answer:

(C) II, III only

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I. the date the service was performed is on June 1st, Therefore revenue will be recoganized on June 1st.

II. Melly Corp received advance payment for raw material to be delivered to Drake Inc. in 6 month, Therefore revenue cannot be recognized on June 1st.

III. Lodo, LLC collected cash on June 1st for service rendered on May 1st. Therefore revenue will not be recoganized on june 1st

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