Which of the following would consumers MOST OFTEN need to consider when trying to make a rational economic decision?

A firm's business _______ should include a description of the need the firm will fill, the operations of the business, its compo

andrew11 [14]

The Business Plan of an organization should show the following key components: Value Proposition, Operations, Components and Functions, projected revenue, and expenditure.

<h3>What is a Business Plan?</h3>

This refers to a document that spells out the future goals, plans and activities of a business as well as how it plans to achieve goals those objectives.

A business plan is useful for:

Startups or existing businesses that want to attract investors
An existing business that is planning to expand, scale up or introduce new products
An existing business that is looking at a merger and acquisition.

Please see the link below for more about Business Plan:

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8 0

2 years ago

A market situation where a small number of sellers compose the entire industry is called

Nadusha1986 [10]

Answer:

The correct answer is: oligopoly.

Explanation:

A market structure where there are only a few firms is called an oligopoly market. These firms can be producing either identical products or differentiated products.

Because of few firms, there is a high degree of competition in the market. The firms are price makers and face a downward sloping curve.

There is interdependence in the market such that the economic decisions of a firm affects the price, profits and output level of its rivals. So the firms have to consider the reaction of its rivals before making an economic decision.

4 0

3 years ago

Kingbird Company has the following stockholders’ equity accounts at December 31, 2017.Common Stock ($100 par value, authorized 8

viktelen [127]

Answer:

Journal Entries :

1.

Common Stocks $29,400 (debit)

Cash $29,400 (credit)

2.

Dividends Declared $174,300 (debit)

Shareholders for Dividends $174,300 (credit)

3.

Shareholders for Dividends $174,300 (debit)

Cash $174,300 (credit)

4.

Cash $30,600 (debit)

Common Stocks $30,600 (credit)

5.

Common Stocks $48,300 (debit)

Cash $48,300 (credit)

6.

Cash $29,100 (debit)

Common Stocks $29,100 (credit)

Explanation:

1.

Common Stocks $29,400 (debit)

Cash $29,400 (credit)

Purchase Cost = 300 shares × $98 = $29,400

2.

Dividends Declared $174,300 (debit)

Shareholders for Dividends $174,300 (credit)

Dividend Calculation = (8600 - 300) × $21 = $174,300

<em>Note : Recognize the Liability : Shareholders for Dividends and recognise the Equity Element : Dividends Declared</em>

3.

Shareholders for Dividends $174,300 (debit)

Cash $174,300 (credit)

<em>Note : De-recognize the Liability : Shareholders for Dividends and De -recognize the Assets of Cash.</em>

4.

Cash $30,600 (debit)

Common Stocks $30,600 (credit)

Proceeds = 300 shares × $102 = $30,600

5.

Common Stocks $48,300 (debit)

Cash $48,300 (credit)

Purchase Cost = 460 shares × $105 = $48,300

6.

Cash $29,100 (debit)

Common Stocks $29,100 (credit)

Proceeds = 300 shares × $97 = $29,100

5 0

3 years ago

Megan is a salesperson for an industrial chemical manufacturer. While reviewing her new leads, Megan learned that two of the lea

kati45 [8]

Answer:

B) they do not have a need for the products or services her company is offering

Explanation:

The reason why Megan will not consider the two prospects qualii leads is if they do not need her companie's products.

For these other options, they have the need but need further follow-up

a. They do not have the budget or financial resources to purchase the product.

c. They are too busy to meet with salespeople.

d. They do not have the authority to make a purchase decision.

e. They are not in her company's target market.

5 0

4 years ago

Economist robert reich advocates that the outsourcing of productive activities to different suppliers results in the creation of

Digiron [165]

The creation of "Worldwide Products"—items with a global focus—results from the outsourcing of productive tasks to various providers.

<h3>What are Worldwide Products?</h3>

The aggregate gross national income of all the nations in the globe is known as the gross world product (GWP).Because imports and exports are exactly balanced when looking at the entire planet, this also equals the total global GDP. The nominal GWP in 2013 was around 75.59 trillion US dollars, according to the World Bank. The GWP was around $80.27 trillion in nominal terms and was over 127.8 trillion international dollars in terms of purchasing power parity in 2017, according to the CIA's World Factbook (PPP).

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6 0

2 years ago