Answer: a. A collection of firms that compete with one another in a single product market
Explanation: An industry would be defined as a collection of firms that compete with one another in a single product market. In other words, an industry consists of a group of businesses of the same type, considered as a whole, and consists of large-scale enterprises in a sector of the economy. These businesses are classed into industries based on the primary product produced or sold (major source of revenue).
The technology of shopping online will likely cause businesses to increase their focus on nonprice aspects of their promotional message. Shopping online is one of the most helpful technology during this era.
In business and economic, Online shopping generally can be defined as a form of electronic commerce which allows consumers to directly buy services or also goods from a seller over the Internet. Usually shopping online is accessed using a mobile app or also web browser. There are some benefits of shopping online, such as Saves time and efforts, and also shopping online help the convenience of shopping at home.
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The CPSC make rules following a scientific process to understand and be able to allow products in the market. They require safety procedures and inspection. Failure to follow their rules and standards would end to rejection and total ban. The CPSC strictly adheres and had been given the authority with their procedure for safety.
Answer:
Edibles Inc.
This arrangement whereby Croissants Corporation and Donuts Company transfer their assets to Edibles Inc. is called:
d. a business trust.
Explanation:
Edibles Inc., as a trustee, carries out business transactions on behalf of Croissants Corporation and Donuts Company, who are regarded as the trust's members (or beneficiaries). It is a formal structure that safeguards an entity's assets against creditors and ensures that the business is professionally run in line with accepted practices.
Answer:
The answers in the blanks would be, Systems and Information.
Explanation:
An Information System consists of people, systems(or infrastructure), and storage devices for processing and storing data. It helps gather, organize, and analyze data to generate information which helps in decision making.
So if Rachel wants to present the idea of implementing the information system to her management, she should tell them the benefits that this system would generate. This system will consists of the resources which are already present like people, hardware, software, storing devices to store data, etc and with the implementation of this system, effective information would be gathered or generated which will be used by the organization in various decision making processes.
