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Serhud [2]
3 years ago
6

A perfectly competitive market helps ensure that the products produced are the goods that consumers want. this demonstrates the

concept of:
Business
1 answer:
frozen [14]3 years ago
5 0
A perfectly competitive market helps ensure that the products produced are the goods that consumers want demonstrates the concept of allocative efficiency.
<span>Allocative efficiency defines a state of the economy in which production represents consumer preferences and it is a characteristic of  an efficient market.
</span>
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Argo, a firm organizing adventure travel, has returns that vary with the economy. Argo predicts that there is a 20% probability
nexus9112 [7]

Answer: 8%

Explanation:

The expected return is a weighted average of the returns given the probability of certain states of the economy:

= (Prob. of boom * return if boom) + (Prob. of normal * return if normal) + (Prob. of  weak * return if weak)

= (20% * 35%) + (50% * 14%) + (30% * -20%)

= 0.07 + 0.07 - 0.06

= 8%

5 0
3 years ago
Premo Pens, Inc. is in the process of developing a new pen to replace its existing top-of-line Executive Model. Market research
oee [108]

Answer:

c. $24.00

Explanation:

The computation of the target cost is shown below:

Target cost = Selling price - (Selling price × profit margin)

where,  

Selling price = $30

And, the profit margin is 20%

So, the target cost is  

= $30 - ($30 × 20%)

= $30 - $6

= $24

Basically, by using the above formula, we can find out the target cost after considering the selling price and the profit margin

6 0
3 years ago
A system of economic organization in which the ownership and control of productive capital assets rests with the state and in wh
liq [111]
Your answer is a command economy. Good Luck.
3 0
3 years ago
Some ways aptitude can be learned include
juin [17]

Answer: formal education

experience

Explanation:

Aptitude could be described as the capability to learn a particular job or skill. The vital way of learning and aptitude is by formal education experience. Formal education experience is a structured system of learning whereby the students are trained by teachers for a certain period of time. The environment are a classroom type which involves the student making use of various learning material, the learning process cuts across various fields of life.

7 0
3 years ago
Any arrangement in which the owner of a trademark, trade name, or copyright licenses another to use that trademark, trade name,
meriva

Answer:

The correct answer is: Franchise.

Explanation:

A Franchise is a company in which one party -<em>the franchisee</em>- gains access to the proprietary information, procedures, and trademarks of an established business -<em>the franchisor</em>. A franchise provides the opportunity to own a company while avoiding many of the initial challenges. The franchisee purchases the right to sell a product or service under an established brand name, the customer already knows the brand, so there is no need for additional resources to launch the products.

7 0
3 years ago
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