1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
neonofarm [45]
2 years ago
6

Which of the following statements about price wars is true? Multiple Choice a. Firms that have to deal with the possibility of p

rice wars often have sticky prices. b. Price wars tend to increase the short-run flexibility of prices. c. Firms that have to deal with the possibility of price wars often have extremely flexible prices. d. Firms that do not have to deal with the possibility of price wars often have sticky prices.
Business
1 answer:
ira [324]2 years ago
3 0

Answer:

The statement which is true about price war is A) firms that have to deal with the possibility of price often have sticky prices.

Explanation:

A price war can be defined as a situation where two or more firms compete with each other over the prices of goods and service by reducing their prices to earn profit or gain or maintain market share.

Sticky prices also called as price stickiness , it is a situation where prices of goods and services doesn't change quickly when there are shifts in demand and supply curve.

Statement A is true because firms that are engaged in wars have sticky prices because they don't want to change their prices more often or too low such that they start losing market share or incurring losses.

You might be interested in
In December, Davis Company had the following cost flows: Molding Department Grinding Department Finishing Department Direct mate
slava [35]

Answer:

Required 1 ; Journals

Work In Process : Grinding Department $ 128,000 (debit)

Work In Process : Molding Department $ 128,000  (credit)

<em>Being transfer of costs from Molding to Grinding Department</em>

<em />

Work In Process : Molding Department $ 128,000  (debit)

Work In Process : Grinding Department $ 128,000 (credit)

<em>Being transfer of costs from Grinding to Molding Department</em>

<em />

Finished Goods Account $40,000 (debit)

Work In Process : Finishing Department $40,000 (credit)

<em>Being transfer of costs from Finishing department to finished goods account</em>

Required 2 : Difference

<u>Job Order Costing </u>

Each production is unique and there may be no transfers to and from other departments. The is no inventory from previous processes as this is unique to the job order.

<u>Process Costing (Currently in use)</u>

There are transfers from and to other departments. Production is in sequence. For each departments we may also have inventories

Explanation:

<u>Finishing Department Costs Calculation</u>

Direct materials           $17,200

Direct labor                  $11,600

Applied overhead        $11,200

Total                            $40,000

Difference :

You should be able to see that the Journal entries above depicts a process costing system. Now provide reasons why this system differs from the job-order cost system. See the reasons above.

<em />

8 0
3 years ago
Give four reason as to why being an entrepreneur is beneficial than a doing a job​
anastassius [24]

Answer:

Hope this helps!

4 reasons:

Explanation:

1) Being an entrepreneur is beneficial because it helps you get to know yourself better. You get to be your own boss.

2) Entrepreneurs get to make their own schedule. You can work for flexible hours.

3) You get to be more independent. Taking entrepreneurship will grant you freedom.

4) Choosing to be an entrepreneur is a big risk. This means your taking a challenge in your life. You'll make yourself stronger!

The best part though? It is a big satisfaction when you succeed, yeah and you'll definitely be proud of yourself.

5 0
2 years ago
If the beginning inventory for 2017 is overstated, the effects of this error on cost of goods sold for 2017, net income for 2017
Elis [28]
The answer overstatement, understatement and no effect. In addition, the incapability to record a purchase of commodities on account even still the goods are properly comprised the physical inventory results in an underestimation of liabilities and an overemphasis of owners’ equity
7 0
3 years ago
Which of the following should be the primary goal pursued by the financial manager of a firm?a. Maximize net income (profits).b.
Neporo4naja [7]

Answer:

E. Maximize the market value of the firm's stock

Explanation:

7 0
3 years ago
What are 5 steps that a salesperson should follow when using a suggestion selling technique?
kakasveta [241]

1)no the goods

2)good reputation

3)understand the business

4)cooperate with buyers

5)involve sales girl or boy if needed

4 0
2 years ago
Other questions:
  • Consider the following situations for Shocker: a. On November 28, 2018, Shocker receives a $2,700 payment from a customer for se
    7·1 answer
  • Mervon Company has two operating departments: Mixing and Bottling. Mixing occupies 25,380 square feet. Bottling occupies 16,920
    6·1 answer
  • Do you believe the decision to start a new
    11·1 answer
  • When Moon Star Products Inc. planned to start its operations in United Cadvia, an emerging nation, it realized that it will have
    12·1 answer
  • Alan induces beth to enter into a contract for the purchase of a chef's burger house restaurant. alan knowingly misrepresents a
    15·1 answer
  • McConnell Corporation has bonds on the market with 15.5 years to maturity, a YTM of 6.2 percent, a par value of $1,000, and a cu
    14·1 answer
  • 3/4 two equipment fractions​
    10·1 answer
  • WalCo is a manufacturing company. Assume the estimated inventories on January 1, 2020, for finished goods, work in process, and
    6·1 answer
  • What does a future value measure
    11·1 answer
  • When marketers _____, they take into account the fact that customers are different, customers change, competitors change and rea
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!