Answer:
Limited decision making
Explanation:
Limited decision making -
It is a consumer decision making process , which is applied , when the consumer purchases some product that is very much familiar to them , but still require more information of the goods or services , in order to make the perfect decision , i.e. , which brand or model is best for them , is referred to as limited decision making.
Hence, from the given scenario of the question,
The correct term is limited decision making.
Answer:
b. $212,000
Explanation:
The cost concept entails the initial recognition of an asset at the historical cost or actual cost of purchase.
For Focus company, the amount to be recorded for the land purchased from Donner company using the cost concept is not the market value of the land at $220,000 nor the initial offered price of $177,000.
The cost of another piece of land on the same block sold for $232,000 is also not the amount but the actual cost paid for the property which is $212,000.
Hence the right option is b. $212,000.
Answer:
e. All of the above
Explanation:
A perfect competition is characterised by many buyers and sellers of identical products. Firms in a perfect competition are price takers.
In the long run, a perfect competitive firm produces where:
Price = marginal cost = marginal revenue = average long run cost. Producing at this point eliminates all forms of economic profit. Therefore, the firm earns only normal profit.
In the long run , there is zero economic profit, therefore, there would be no incentive for firms to enter into the market.
Answer:
this one's a head scratcher. I believe it's a or b. hope that helps a little :)
My answer wpuld be Self-Assessment
hope this helps