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3 years ago

The main mechanism that regulates the market system is

2 answers:

5 0

The main mechanism that regulates the market system is the government. It is because they are the one that sets up and regulates the system and allows the mechanism of the system to continue as the government is the one that enforces and controls the demand and supply in the market system.

earnstyle [38]3 years ago

3 0

Answer:

The main mechanism that regulates the market system is the government. In the market system, the buyers, vendors, and other parties are involved to trade in any product or service. Here, the government not only establishes but also regulates and enables the mechanism. It is because the government enforces and controls the demand and supply activities in the market system. However, how well respondents get funding, start companies, and embrace fresh techniques and best practices rely on the strength of a market system.

Further Explanation:

While the government enforces and controls the market system, business owners have to understand that there are a variety of different market systems that exist. It depends on the industry to adopt a market system when making or determining whether a specific sector should enter or leave, manufacturing choices, and pricing decisions. There are five major market system types that every business owner should understand, they are:

• A monopoly is a single producer and usually no sensible replacement for a specific good or service.

• Oligopoly is that there are a few producers who are the dominant part of the output on the market.

• Monopolistic Competition is that every competitor is adequately different from the other, with some charging higher rates than a competitive company.

• Monopsony, it has only one buyer. This market system gives considerable strength in determining the cost of the products manufactured for specific goods or services.

• Perfect Competition is a market system with many distinct buyers and vendors.

Learn more

If you’re interested in learning more about this topic, we recommend you to also take a look at the following questions:

• What is market economy? - brainly.com/question/7321741

• Which statement is true about the relationship between a monopoly and it’s competition in a market? - brainly.com/question/8180245

Keyword: Market system, regulation of market system, types of market system

Subject: Business

Class: 10 – 12

Sub-chapter: Marketing

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Brilliant_brown [7]

An organization (school, campus, or house of worship) wishes to prepare and plan for mass casualty incidents. Work with community partners to create a plan that includes protective actions to reduce vulnerabilities, response actions to minimize negative consequences, and post incident actions to promote community recovery. Hence, Option A is correct.

<h3>What are community partners?</h3>

Community partners are those who work in partnership towards the completion of the same goal. They work with the relationship in which a worker forms a relationship with another service provider.

It is a kind of informal support that a person gets from family, friends, co-workers, and many more. If it is a formal agreement, then it is between two agencies that share the same client.

Thus, Option A is correct.

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The complete question is attaché in text form:

Situation: An organization (school, campus, or house of worship) wishes to prepare and plan for mass casualty incidents. Select the most effective approach from the options below:

A. Work with community partners to create a plan that includes protective actions to reduce vulnerabilities, response actions to minimize negative consequences, and post incident actions to promote community recovery.

B. Use an existing plan from a comparable organization in another district or state, being careful to select an organization that has experienced a mass casualty incident in the past.

C. Rely on internal staff to create a plan for protecting the organization from attacks, and then present the finished plan to local officials and response agencies for approval.

D. Request law enforcement personnel to develop a separate plan for mass casualty incidents for the organization.

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2 years ago

The total factory overhead for Magnum Corporation is budgeted for the year at $500,000. This is divided into three activity pool

tatuchka [14]

Answer:

The ABC overhead for a Deluxe kayak will be $170.93

Explanation:

$\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate$

We are going to divide the overhead cost over the cost driver of each activity.

$\left[\begin{array}{cccc}-&Overhead&Total&Rate\\fabric&246,000&10,000&24.6\\assembly&144,000&32,000&4.5\\setup&110,000&15&7,333.33\\\end{array}\right]$

Now we apply the rate to Deluxe Kayak:

$\left[\begin{array}{cccc}-&Rate&Deluxe&Overhead\\fabric&24.6&10,000&246,000\\assembly&4.5&24,000&108,000\\setup&7,333.33&10&73,333.33\\Total&-&-&427,333.33\\\end{array}\right]$

Finally we divide the overhead for Deluxe between the units produced

427,333.33/ 2,500 = 170.933 = 170.93

3 0

3 years ago

Which of the following assessments of electronic retailing is most accurate? a. The line between electronic retailing and tradit

IgorC [24]

Answer:

The correct answer is letter "A": The line between electronic retailing and traditional retailing is blurring as traditional retailers go online.

Explanation:

Most purchases nowadays are being processed online. The easiness to access to a wide variety of products and the methods of payments causes more people to buy online. Besides, the number of retailer stores with mobile apps is increasing so there is no need to have a computer to make the purchases online since they can be made with a phone. This scenario is fading the line that used to separate traditional retailing with online retailing.

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4 years ago

Natalie operates on a pretty tight budget. She is a price-conscious shopper and usually buys store or generic brands to save mon

Llana [10]

Answer: The income effect

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In the given case, Natalie was price conscious and used to buy lower priced goods with the objective of saving money. When her income rises she starts buying expensive goods as her purchasing power increases with increase in income.

Hence from the above we can conclude that the correct option is A.

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3 years ago

Which of these innovations would not qualify as a dominant design? a. The two wheeled diamond frame bicycle b. Direct online ins

Alecsey [184]

The best answer for this question would be:

d. The 5 string bass guitar

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4 years ago