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deff fn [24]
3 years ago
11

A _____ is an association of producers that control supply and prices

Business
1 answer:
galina1969 [7]3 years ago
6 0
Piece of cheese bread
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Uppose a price floor on sparkling wine is proposed by the Health Minister of the country ofVinyardia. What will be the likely ef
Gekata [30.6K]

Answer:

C) Quantity demanded will decrease, quantity supplied will increase, and a surplus will result

Explanation:

Price floor is the least amount a good or service can be sold. A price floor is usually set above equilibrium price.

When a price floor is enacted, it usually discourages demand because prices are usually set higher and encourages supply.

As a result, quantity demanded will decrease, quantity supplied will increase, and a surplus will result.

I hope my answer helps you.

6 0
3 years ago
Intel achieved success by using the "Intel Inside" advertising campaign and logo that appears on many brands of PCs. This is an
Anarel [89]

Answer: product differentiation

Explanation:

From the question, we are informed that Intel achieved success by using the "Intel Inside" advertising campaign and logo that appears on many brands of PCs.

This is an example of a barrier to entry which is known as product differentiation. Poduct differentiation is when a company makes its product different from other similar products so that the product will be more attractive and unique from others.

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2 years ago
Daniel, an entrepreneur, is planning to open a fast-food restaurant. He wants to cash in on the huge population of busy professi
Karo-lina-s [1.5K]

Answer:

the answer is none of these

8 0
3 years ago
f the unemployment rate is 8 percent, this means: a. 8 percent of the population is unemployed. b. 8 percent of the population o
hodyreva [135]

Answer:

c. 8 percent of the labor force is unemployed.

Explanation:

<em>The Unemployment Rate measures the percentage of the total labor force that is unemployed while actively seeking employment during the previous month</em>. If the unemployment rate is 8 percent, this means 8 percent of the labor force is unemployed. That also means, <u>out of all the people actively seeking employment during the previous month, 8 percent are still unemployed or jobless.</u>

3 0
3 years ago
Kirov, Inc. reports credit sales of $200,000 for the year ending December 31. The year-end unadjusted balance of its Allowance f
zubka84 [21]

Answer:

The correct answer is: $12,000

Explanation:

uncollectible debt = 6% of net sales

= 6/100 × 200,000

= 0.06 × 200,000 = $12,000

Therefore, $12,000 will be removed (debited) from the bad debt expense because it is uncollectible, and it is added (credited) to the Allowance for Doubtful accounts as bad debt to be paid for in the bad debt reserve account.

7 0
3 years ago
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