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laila [671]
3 years ago
11

Identical products, as well as a large number of buyers and sellers, are characteristics of a market. In such markets, sellers o

f goods influence the prevailing market price, giving them the role of price in the market.a) trueb) false
Business
1 answer:
Taya2010 [7]3 years ago
8 0

Answer:

The answer here is false.

Explanation:

The answer is false.

This type of market is called perfect competition.

Products are identical. The buyers can buy from any seller without the fear of having different quality or quantity.

There are large number of buyers and sellers. The bargaining power of buyers is very high because sellers selling the same product are much.

These above-mentioned points made sellers to be powerless because any seller that increases its price will lose customers because buyers can get the same product else where at a lower price. Seller are price-takers, they can't influence the prevailing market price. It is the market that determines the price.

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When it comes to distribution what is the least expensive route when getting the product from the manufacture or farmer to the u
Nezavi [6.7K]
<h2>Direct distribution is one of the least expensive route to access customer directly</h2>

Explanation:

  • Direct distribution is one the method which does not involve any intermediaries.
  • They do not have dealers, sub-dealers, etc to reach the customer with the product.
  • Online shopping enables direct distribution
  • Since direct distribution does not involve intermediaries, it can reach customer more quickly and the cost is also less.
  • Whereas when the product is reached through indirect distribution, then we have to spend amount on transport to reach product to dealers, then dealers spend money to sub-dealer and so on.
5 0
3 years ago
Mune Company recorded journal entries for the payment of $50,000 of dividends, the $32,000 increase in accounts receivable for s
nalin [4]

Answer:

Decrease of $18,000

Explanation:

As there is a payment of dividend so it would reduce the stockholder equity by $50,000

And, there is an increase in account receivable for rendering the service that means the service revenue would increased so the stockholder equity would increased by $32,000

Now the net effect would be

= -$50,000 + $32,000

= -$18,000

5 0
3 years ago
When Jack was first hired at Acme Global, he was assigned to a virtual mentoring group of new employees and managers before his
Anon25 [30]

Answer:

The answer to this question is  C. Training and Development

Explanation:

Assigning Jack to a virtual mentoring group to learn about the culture of ACME global is an example of how social media helps business.

Before resumption of duties, the New employees alongside Jack would have been familiarized with the environment they will be working in and would have been exposed to some required knowledge they are suppose to have about their jobs and about the organisation itself.

Hence the scenario above is an example of how social media is used in  Training and Development  

8 0
3 years ago
Until August 1971, industrialized countries around the world maintained a fixed exchange rate of their currencies with the US do
Alona [7]

Answer:

Explanation:

A forward exchange rate is the quoted price for a unit of foreign currency to be delivered at a specified date in the future.

The government sets a fixed exchange rate that is allowed to fluctuate only slightly (if at all) around the par value.

When American customers import more from Europe than they export to Europe, the euro appreciate relative to the dollar.

The depreciation or appreciation of a currency refers to a decrease or increase, respectively, in the foreign exchange value of a floating currency.

Under a managed floating regime, the government plays a significant role in managing the exchange rate by manipulating the currency's supply and demand.

Currencies under such a regime are nonconvertible currencies.

8 0
3 years ago
Read 2 more answers
To be a technical director at Maschopum, a film production company, one must possess knowledge in Python and other programming l
Troyanec [42]

Answer:

c. Work sample tests

Explanation:

Based on the information provided within the question it can be said that the best test to give an individual in this scenario would be a Work sample tests. These are tests that have been specifically designed in order to see if an individual has the ability to do an assigned job and then be able to evaluate their performance. This evaluation will give the employer an idea of how they will perform in the actual job position.

8 0
3 years ago
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