1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
antoniya [11.8K]
3 years ago
15

Which statement best describes capitalism

Business
1 answer:
amm18123 years ago
3 0
An economic and political system in which a country's trade and industry are controlled by private owners for profit rather than by state. {This is what the dictionary said by the way}
You might be interested in
At which stage of the organizational buying decision process would purchasing and engineering personnel visit potential supplier
STatiana [176]

Answer: Alternative evaluation.

Explanation:

Alternative Evaluation is the phase of the purchaser decision process where the consumer makes use of the information gotten from the information search to assess other brands in the category of the product.

For example, if a consumer is assessing a group of television and he or she has identified three attributes like price, performance and design. The consumer will assess each brand and make decision based on his or her assessment.

7 0
3 years ago
Suppose the demand function (D) for golf clubs is: Q = 240-1.00P, where P is the price paid by consumers in dollars per club and
bogdanovich [222]

Solution :

According to the theory of demand and supply, the equilibrium price and the quantity is established where both the demand and supply curves intersect.

From the graph, we can see that the point of equilibrium is at the intersection of D and S.

At this point, mathematically, D = S. In order to determine the price and quantity which exists at this point, we need to equate the demand as well as supply functions to calculate the equilibrium values.

∵ D is equal to S, we have

$240-1.00P=1.00P$

240=2P

120=P

Now substituting this value of the equilibrium price in to any of the functions, we get the equilibrium quantity at this price.

$Q=240-1.00P$

$Q=240-1.00(120)$

$Q=240-120$

$Q=120$

This is the equilibrium quantity. At this point, equilibrium price as well as the quantity is the same. Let the price of the golf club increases from $120 to $140. So substituting the value to the function above to determine the new quantity.

$Q = 240-1.00(140)$

   = 100

Therefore, when the demanded quantity decreases from 120 thousand clubs to 100 thousand clubs. This increases the price and decreases the quantity as the supply curve moved to the left. The demand remains constant.

4 0
3 years ago
A firm plans to begin production of a new small appliance. the manager must decide whether to purchase the motors for the applia
KengaRu [80]

For amounts over 35,000 units, in house option A is cheaper.

Find the break even quantity (aka make the equations equal) of the outside vendor compared to each in-house option.

Vendor vs in house option A:

10x = 175,000 + 5x  (subtract 5x from both sides)

5x = 175,000 (divide by 5)

x = 35,000 units

vendor is cheaper than option A up to 35,000 units

Vendor vs. in-house option B

10x = 190,000 + 4x (subtract 4x from both sides)

6x = 190,000 (divide by 6)

x = 31,667 (rounded to nearest unit)

vendor is cheaper than option B up to 31,667 units

7 0
3 years ago
Financial literacy is the knowledge about
hammer [34]

Money. I'm doing the same subject right now. Feel free to message me if you have any questions.

3 0
3 years ago
What is product positioning?
Kruka [31]
Product positioning is the process of deciding and communicating how you want your market to think and feel about your product
3 0
3 years ago
Other questions:
  • Summarize your thoughts, in a minimum of 2 sentences, on why is it important for healthcare workers to be aware of various cultu
    5·2 answers
  • Leonard, the manager of a manufacturing firm, wants the organization to perform better. He expects his employees to think more l
    15·1 answer
  • "A customer buys pharmaceutical and utility stocks in his portfolio. This portfolio would be best characterized as:"
    6·1 answer
  • SONAD COMPANY Income Statement For Year Ended December 31 Sales $ 1,554,000 Cost of goods sold 761,460 Gross profit 792,540 Oper
    10·1 answer
  • Delivering bad news within an organization might involve sharing bad news with your boss or another employee in person or in wri
    13·1 answer
  • In marketing, promotion usually involves a company or organization
    11·1 answer
  • Im thinking of a number 1 - 10 if u are closet u get BRAINLIST!!!! (#°Д°)
    15·2 answers
  • The Consumer Electronics Show (CES) reports that the HP Spectre laptop computer starts at $994.00 for a base configuration. The
    15·1 answer
  • Which of these describes one function of a household in the economy? buys finished products sells finished products taxes finish
    6·1 answer
  • Suppose that, with free trade, the world price of the product is $15. what is the value of consumer surplus?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!