Identical products is a characteristic of a A. perfect competition.
Here are all of the characteristics of perfect competition:
1. a large number of small firms
2. identical products
3. freedom and resource mobility
4. knowledge of prices and technology
Answer: a.$4,576
Explanation:
Sometimes the cash balance according to the books is not the same as the cash in the bank account and this is due to some transactions not being recorded by either the bank or the firm.
Adjusted cash balance per books = Unadjusted cash balance + Note receivable and interest collected by bank - Bank charge for check printing - NSF Check
= 4,022 + 746 - 28 - 164
= $4,576
When volvo runs ads suggesting that its cars are the safest that money can buy, it is trying to grab the attention of the public.
Given that volvo runs ads suggesting that its cars are the safest that money can buy.
We are required to give the reason of suggestion made by volvo.
In this time of 21st century it is becoming very much difficult for an advertiser to grab the attention of a customer and persuade the customer to purchase his product. In the advertisement made by volvo, it suggests that their cars are the safest than money because it wants to make an image of car as a safest thing even in comparison of money.
Hence when volvo runs ads suggesting that its cars are the safest that money can buy, it is trying to grab the attention of the public.
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Answer:
What the question? I'm confused.
Answer:
Lowering the prices for customers
Explanation:
Competitive market is the market where there are many producers are competing with each other in order to provide or offer the goods and services needed to the consumer or customers.
So, in this market, the furniture company plans to use the cheaper materials in order to decrease the production costs and also pass the savings. This would be an example of the lowering or decreasing the price for the customers, which in turn increase the sales of the business.
