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
Solnce55 [7]
3 years ago
10

The idea that "the invisible hand" of competition sets prices and determines quantities produced in a market economy was the pri

nciple idea of?
Business
1 answer:
Orlov [11]3 years ago
8 0
Adam Smith in his book 'Wealth of Nations'
You might be interested in
What strategy was avon pursuing until the mid-2000s? what were the advantages of this strategy? what were the disadvantages?
LenaWriter [7]
Avon used Direct Sales Model Strategy until the mid-2000s. It is a method wherein the business's own employees are in direct contact with buyers as they sell their products. 

The advantages of direct sales model are:
1) strong customer relations
2) coordination with other effective business strategies
3) price and cost control
4) access to more customers

The disadvantages of direct sales model are:
1) more expensive compared to other marketing strategy
2) time consuming during sales calls or talks.
3) can be inconvenient or intrusive to clients or consumers.
8 0
3 years ago
A contingent liability is:Multiple ChoiceAlways of a specific amount.An obligation arising from the purchase of goods or service
Ainat [17]

Answer:

A potential obligation that depends on a future event arising from a past transaction or event

Explanation:

A contingent liability is a potential obligation that depends on a future event arising from a past transaction or event.

Contingent liability are usually recorded in the financial statements if :

A. The contingency is likely to occur

B. The amount can be estimated.

I hope my answer helps you

5 0
3 years ago
Which of the following is measured by utility? A. The satisfaction a person gets from consumption. B. The cost of adding a singl
Svet_ta [14]

Answer:the satisfaction a person gets from consumption

Explanation:

3 0
3 years ago
Cave Hardware's forecasted sales for April, May, June, and July are $150,000, $250,000, $100,000, and $290,000, respectively. Sa
dmitriy555 [2]

Answer:

$160,000

Explanation:

The computation of budgeted cash payments in June is shown below:-

For computing the budgeted cash payments in June first we need to find out the may credit sales and June cash sales.

May credit Sales = May = $250,000 × 40% × 100%

= $100,000

and

June cash sales = $100,000 × 60%

= $60,000

Cash collection budgeted June = May credit Sales + June cash sales

= $100,000 + $60,000

= $160,000

5 0
4 years ago
3(q-5)=2(q÷5)<br><img src="https://tex.z-dn.net/?f=3%28q%20-%205%29%20%3D%202%28q%20%20%5Cdiv%205%29" id="TexFormula1" title="3(
Black_prince [1.1K]

the answer to the question is 75 over 13


5 0
3 years ago
Other questions:
  • Carmel Company has a frequent buyer program for its customers, where the customers can attain an "elite" level based on the numb
    6·1 answer
  • Ransdell Corporation estimates that $15,000 of the current period’s credit sales will be uncollectible. Where will these bad deb
    11·1 answer
  • Roberts Supply, Inc. provides the following data taken from its third quarter budget: Sep $83,000 $67,000 $59,000 Jul Aug ter Ca
    13·1 answer
  • Tri-State has come off a very good year financially and has plans to do more for the community. You discuss with the CEO your pl
    10·1 answer
  • Assume the market for cell phones is an oligopoly. Further assume that cell phone consumption and production generate no negativ
    5·1 answer
  • Garth owns two all-terrain vehicles (ATVs), worth $1,000 and $500, respectively. Helen agrees to buy "Garth’s ATV" for $750. Gar
    15·1 answer
  • Applying the concept of opportunity cost to the pollution of a lake, an economist probably would conclude that: pollution should
    7·1 answer
  • You are deciding between two recurring projects. Project A requires $100,000 initial investment and runs for 5 years. Project B
    12·1 answer
  • Remmel Corporation has provided the following contribution format income statement. Assume that the following information is wit
    7·1 answer
  • Since oligopolies can lead to either good or bad market outcomes, it is important to understand what strategic decisions firms w
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!