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ValentinkaMS [17]
3 years ago
8

In a perfectly competitive market, Multiple Choice all firms produce and sell a standardized or undifferentiated product. the ou

tput sold by a particular firm may be quite different from the output sold by the other firms in the market. firms are price-setters. it is difficult for new firms to enter the market due to barriers to entry.
Business
1 answer:
Umnica [9.8K]3 years ago
6 0

Answer:

all firms produce and sell a standardized or undifferentiated product

Explanation:

A perfectly competitive market is a market in which there are many companies that offer the same product, there are not entry barriers which makes it easy for an organization to enter or exit the market. Also, the companies are not able to influence the market and they are not able to control the conditions in it. According to this, the answer is that in a perfectly competitive market, all firms produce and sell a standardized or undifferentiated product.

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Which of the following statements describes an inherent weakness in the use of the marginal-analysis model for establishing an a
aksik [14]

Answer:

E. It assumes that sales are determined solely by advertising and promotion.

Explanation:

The marginal-analysis model assesses the incremental benefits of an activity compared to the additional costs incurred by that same activity.  It is a decision-making tool to help maximize potential profits or benefits.

Sales are not determined solely by advertising and promotion.  There are many other factors, including price, demand and supply, the elasticity of the good, the nature of the good, among other factors.  The sales of goods considered to be necessities are not affected much by advertising and promotion, unlike luxury goods, for example.

5 0
3 years ago
Using the Chipotle example we have discussed in class imagine that all employees are paid $15/hour, the grill costs $300, and ea
Lelechka [254]

Answer:

The correct answer will be "$620".

Explanation:

It is important to note that certain principles are involved in the process of streamlining business processes, including:

  • Interpersonal skills of the organizational leaders.
  • Client focus entirely, defined objectives, accuracy, and so on., are encouraged.

The lowest cost will be:

= (15\times 8)+300+200

= 120+300+200

= 620 ($)

5 0
3 years ago
Why should a notary signing agent learn all about the closing documents in a loan package if they are not allowed to provide adv
shusha [124]

Answer:In American law, a signing agent or courtesy signer is an agent whose function is to obtain a formal signature of an appearer to a document. In common parlance, most jurisdictions require the appearer to sign before a notary public. From this, the practice of a notary public designating themselves as a signing agent has arisen. There are notaries public who specialize in the notarization of real estate transfer and loan document signings. Signing agents often have certification and training through private organizations, but is not a requirement in law, although it may be a requirement of the lender in the oversight of real estate transaction document signatures.

Explanation:

4 0
3 years ago
Brad is a sales representative for a Kettle Chips and is preparing for a Super Bowl promotional campaign. He's contacting each o
alexdok [17]

Answer:

point-of-purchase advertising.

Explanation:

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Hence, this is known as point-of-purchase advertising, a type of trade-oriented promotion.

A point of purchase advertising can be defined as a marketing strategy used by retailers, which typically involves the placement of end user goods e.g graphics of the Super Bowl teams strategically placed in a supermarket aisle for retail customers.

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3 years ago
There will be a higher equilibrium price and lower quantity if _____.
Naddik [55]

Answer:

Supply increase and demand decreases

8 0
3 years ago
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