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Elina [12.6K]
3 years ago
9

Why is it important to look at external sources of information when exploring product and service information?

Business
1 answer:
kolbaska11 [484]3 years ago
5 0

Internal data is from within the company, like operations and sales figures. External data comes from looking at the market, such as consumer trends, and marketing research. It is important to consider external data because it gives companies a better picture of their customers and competitors.

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I need help with this, struggling <br> no links please!! <br><br> The subject is Economics/Business.
svet-max [94.6K]

Answer:

The answer is producers need to know what consumers want so they can sell more and make more profit.

8 0
2 years ago
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Johnny’s Drive-in pays its employees bi-weekly. The first payday of 2014 will be on January 3 and will compensate employees for
Sonbull [250]

Answer:

Accounts

Wages Expense

Wages Payable

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$100,000

Explanation:

As the expense is accrued but not paid at the end of 2013. The transaction requires an adjusting entry. This will charge a wages expense and create the wages payable liability. Ultimately on January 3 it will be paid. Wages for the two weeks are $100,000 and the 14 days has been passed for the pay period until year end of 2013.

5 0
3 years ago
When perfectly competitive firm X sells three units of product Z, its marginal revenue is $4.67. When it sells one hundred units
Sedaia [141]

Answer:

<u>A) $4.67</u>

Explanation:

In a perfectly competitive market, marginal revenue always is equal to price.  Also, the price is not determined by the firms, it is given by the market because producers doesn´t have any power of decision in this matter.

Due to that, the price is constant, independent the quantity sold.

8 0
3 years ago
A(n) ________ is defined as the frameworks that employees can use to help make conclusions about ethical actions by following a
madreJ [45]

Answer:

Ethical Audit

Explanation:

A(n) ethical audit is defined as the frameworks that employees can use to help make conclusions about ethical actions by following a short, step-by-step list of rules.

An ethical audit can also be defined as the guidance for employee behavior provided in policies and procedures of the company or employer

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3 0
3 years ago
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explain how Adam Smith describes the market economy and role of consumers , producers , workers, savers ( investors) , and borro
astraxan [27]

Answer:

As described below.

Explanation:

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  • As the consumer and producers engage in commercial production thus the idea of a free-market took place. The government interferes with the services where unwanted shortages and the surplus tends to occur.
  • The free markets to regulate themselves by means of competition, among the workers and the borrowers.
8 0
3 years ago
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