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Yuliya22 [10]
3 years ago
7

Identical products, as well as a large number of buyers and sellers, are characteristics of a market. In such markets, sellers o

f goods influence the prevailing market price, giving them the role of price in the market. True or False: The market for digital cable does not exhibit the two primary characteristics that define perfectly competitive markets.
Business
1 answer:
dimaraw [331]3 years ago
5 0

Answer:

  • Identical products, as well as a large number of buyers and sellers, are characteristics of a market. In such markets, sellers of goods influence the prevailing market price, giving them the role of price in the market. FALSE: <u>This characteristics correspond to competitive markets</u>, which are those markets where prices are determined by sellers and buyers simultaniouslly, and, none of them individually can exert influence over prices (nor sellers or buyers in particular) . Aditionally, goods or services must be homogeneous or equal.
  • The market for digital cable does not exhibit the two primary characteristics that define perfectly competitive markets: TRUE: digital cable is not an identical product (different sellers offer different options of channels, the service they offer is heterogeneous) and there are not many sellers, in a way that they cannot exert influence over prices. Then, it is not a competitive market.

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A swot analysis contributes to the strategic planning process by identifying ____ resources.
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Below are the resources:

<span>Logistical, human, technical, financial
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A SWOT analysis is an organized arranging strategy that assesses those four components of an association, venture or business wander. A SWOT examination can be completed for an organization, item, place, industry, or individual. It includes determining the target of the business wander or extend and distinguishing the inside and outside variables that are great and negative to accomplish that goal.

4 0
3 years ago
Where can aspiring entrepreneurs go to get their questions answered?
Nataliya [291]
Aspiring entrepreneurs can go to the internet, experienced entrepreneurs, Chambers of Commerce, Small Businessn Administration (SBA), college/university, or the community to get their questions answered. Hope this helps.
5 0
3 years ago
Lois has a balance of $970 on a credit card with an APR of 24.2%, compounded monthly. About how much will she save in interest o
Aleks04 [339]

Answer:

Lois will save $152.51 when she wil transfer her balance.

Explanation:

Amount to be paid in 1 year for original credit card is given as

P_1^{'}=P*(1+r_1)^t

Here P^{'}_1 is the amount to be paid after P is the balance which is 970, r_1 is the APR for first credit card which is 24.2% and t is compounding frequency which is 12 so

P_1^{'}=P*(1+r_1)^t\\P_1^{'}=970*(1+\dfrac{24.2}{12}\%)^{12}\\P_1^{'}=970*(1.0207)^{12}\\P_1^{'}=970*1.2707\\P_1^{'}=\$1232.61

Similarly for the second one the values are calculated as

P_2^{'}=P*(1+r_2)^t\\P_2^{'}=970*(1+\dfrac{10.8}{12}\%)^{12}\\P_2^{'}=970*(1.108)^{12}\\P_2^{'}=970*1.1135\\P_2^{'}=\$1080.10

The differnce of the two values is calculated as

P_1'-P_2'=1232.61-1080.10\\Difference=\$ 152.51

The difference is $152.51 which she could save.

7 0
2 years ago
Read 2 more answers
On December 31, before the closing entries, the following information is available for Jones Company: Service Revenue $10,000 To
madreJ [45]

Answer:

$15,000

Explanation:

Closing retained earnings is the accumulated value of an entity`s profit reserve from its earnings from  both current and past accounting periods.Closing retained earnings is calculated by deducting dividend paid from earnings after tax of the current year and adding the balance to opening retained earnings.

= Opening retained earnings + (Earnings after tax   -  Dividend paid)

Based on the information supplied, the closing retained earnings will be:

                                                                              $

Service Revenue                                                10,000

Total Expenses                                                  (6,000)

Operating profit                                                  4,000

Dividend                                                           <u>  (1,000)</u>

Retained Earnings                                              3,000

Retained Earnings b/f                                      <u>   12,000</u>

Closing Retained Earnings                            <u>     15,000</u>

Note: No information in regard of tax, so the operating profit is used as profit after tax.

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