The most important component in any effort to bring about change is to accept the fact that something is about to change. As professionals, we have to learn how to adjust and easily adapt to change. This is the main attitude that will launch you towards success.
Answer:
C. Takes its price as given by market conditions.
Explanation:
A perfectly competitive firm is basically an atomistic market. A perfectly competitive firm is a price taker which takes the price as given.
Answer:
Direct channel
Explanation:
Manufacturers when directly reach out to the customers by making the product available to them without involving any intermediaries are using direct channel of distribution.
in this case, Jamil sells furniture made by him directly to the customers by advertising it on his website. He is using direct channel of distribution in this case.
Answer: D. $10 Billion
Explanation:
The United States has a large economy with a very large number of cars which was estimated to be around 280 million in the last quarter of 2019. With these many cars it would be improbable that there would not be quite a number of accidents and there are. In the year 2018, around 12 million cars were involved in motor accidents.
With such a staggeringly high number of cars involved in collisions, it is no wonder that it is estimated that the collision repair industry does around $10 billion worth of business every year.
<span>Competition in a scarce labor market affect wages because
when there is scarcity in labor this means that there is a shortage of workers
for a specific job. Wages/salaries for workers will affect because employers
will tend to make the salary high because of high demand. </span>