Answer:
The answer is D. All revenue would disappear
Explanation:
In a competitive firm, there are large numbers of buyers and sellers that no one can influence the market price. Also, the sellers sell identical goods e.g market for salt.
The buyers have perfect knowledge about the market(they are aware of the prevailing market price.
Because the goods and services are identical and the buyers are aware of the prevailing market price, if a firm increases its own price, buyers will not buy from him at all, thereby making the seller's revenue to disappear.
Answer: SUSTAINABILITY
Explanation:
Sustainability at its most basic form is all about ensuring that the future generations are able to meet their needs whilst still meeting the needs of the present.
Recycling and reusing resources therefore are a very major part of sustainability as they helps take the pressure off of natural resources. It also reduces waste and therefore negative human impact on the environment.
Managing production and delivery of an organization's goods or services more efficiently is the main goal of operations management.
How does managing production work?
Production management, usually referred to as operations management, involves the planning and oversight of industrial processes to guarantee that they proceed smoothly and at the necessary level. Both the service sector and the manufacturing sector use production management techniques.
What significance does production have?
One of the most crucial procedures in manufacturing is production, which is essential to understanding what it means to be a manufacturer. Without this activity, there would be no final goods produced and nothing to sell to clients.
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Answer:
Explanation:
The ending retained earnings = beginning retained earnings + net income - Dividends Paid
Net income = ending retained earnings - beginning retained earnings + Dividends Paid
= $833,000 - $724,000 + $50,000
= $159000.
Therefore, the net income for the year is $159000.
Answer:
b false
Explanation:
pleasure of consumers change as time goes on