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ipn [44]
3 years ago
12

Why is the profit motive considered an incentive in a market system?

Business
1 answer:
dsp733 years ago
7 0
Inventive is to make more money because businesses can make more profit where money is expected.
Minimize costs and maximize revenues. .
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HELPPPPP please!!
vlabodo [156]

Answer:

B

Explanation:

I'm taking public speaking in college now dress is important because it conveys the character of the speaker.

4 0
3 years ago
Your assistant wants to use secondary data exclusively for the current marketing research project. You advise him that the use o
Rudik [331]

Answer:

D) It is generally more expensive to obtain than primary data.

Explanation:

A) It may not exist.

Problem. Primary data may not yet be available due to its sensitivity of the primary data.

B) It may not be relevant

Problem. Published data may not be applicable to your region. For example published data for Asia might not be applicable to Africa.

C) It may not be impartial.

Problem. Primary data used to create the secondary data might not treated all rivals equally.

D) It is generally more expensive to obtain than primary data.

Not a problem. Secondary data is not expensive as compared to primary data.

E) It may not be current.

Problem. Primary data collected might be out of date thus can not be used recent decisions as many things would have changed.

7 0
3 years ago
In a cost reimbursable contract, _____. the contract usually details the quality of the goods or services, the timing needed to
JulsSmile [24]

Answer:

the organization agrees to pay the contractor for the cost of performing the service or providing the goods plus a profit.

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, cost reimbursable contract, etc.

In a cost reimbursable contract, the organization, which is the client agrees to pay the contractor for the cost of performing the service or providing the goods plus a profit.

This ultimately implies that, a client such as a business organization that enters into a cost reimbursable contract with another party such as a contractor, agrees to pay the contractor an agreed amount of money upon the completion or execution of the contract.

7 0
3 years ago
Imagine that the Brazilian aircraft manufacturer Embraer purchases a 10 percent share of a Canadian aircraft distribution compan
otez555 [7]

Answer: Forward Integration

Explanation:

Forward integration is a process where a company takes over the control of another company that is further along in the value chain so that it might be able to sell or distribute is goods more effectively. For example, an oil company taking over a petroleum products company.

In this scenario, the Brazilian company purchased a huge part of a company further along in distribution in order to facilitate better sales so this is forward integration.

6 0
2 years ago
A company's board of directors votes to declare a cash dividend of $.80 per share of common stock. The company has 16,000 shares
den301095 [7]

Answer:

$8,400

Explanation:

The computation of the total amount of the cash dividend is shown below:

= Outstanding number of shares × cash dividend per share

= 10,500 outstanding shares × $0.80

= $8,400

The cash dividend is computed only on outstanding shares i.e issues shares minus treasury shares

So, it will not be computed on authorized shares either on issued shares

5 0
3 years ago
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