Answer:
d. They do not change the quantity of goods bought or sold in the legal market.
Explanation:
A price refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. The price of goods and services are primarily being set by the seller or service provider.
Price control can be defined as standard restrictions or regulatory conditions that are typically set and enforced by the government of a country.
This ultimately implies that, price controls are used to impose the minimum and maximum prices set by the government, which are to be charged for various goods and services in the market. This minimum price that can be charged such as minimum wage is known as price floor while the maximum price that can be charged such as rent control is known as price ceiling.
A nonbinding price ceiling can be defined as a price that do not have any effect on the price of goods or services in the market.
Hence, an accurate statement about the consequence of nonbinding price ceiling is that they do not change the quantity of goods bought or sold in the legal market.
Answer:
See below
Explanation:
Given;
The cost of beginning work in process inventory = $3,750
The cost of ending work in process inventory = $2,860
The cost added to production = $43,120
Cost reconciliation report.
Baking department - June
Cost of beginning wip $4,840
Cost added to production $25,750
Total Cost to be accounted for $30,590
Cost of units completed and transfered = $30,590 - $1,130
= $29,460
Add: Cost of ending wip inventory $1,130
Total cost to be accounted for $30,590
Answer: Competitive aggression is exploiting a distinctive competence or improving internal efficiency for competitive advantage. Your answer is D.
when a firm charges a fee for the right to purchase a product plus a per-unit charge for each unit purchased, a two-part pricing strategy is a firm employs.
Definition: A product is an item offered for sale. Products are services or items. It can be in physical or virtual or cyber form. All products are made at a price and sold at a price. The price charged varies by market, quality, marketing, and target segment.
A product is an item or service sold to satisfy a customer's needs or desires. they are physical or virtual. Physical products include durable goods (such as cars, furniture, and computers) and consumables (such as food and beverages).
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