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NemiM [27]
3 years ago
5

J. Pitner Clothing is a medium-size specialty men's and women's clothing store in a market with many other specialty stores, dep

artment stores, and discounters. It has established a reputation for offering high-quality, fashionable merchandise with quality service. J. Pitner's competitive environment would best be characterized as:
monopolistic competition. T/F
Business
1 answer:
rjkz [21]3 years ago
5 0

Answer: True - Monopolistic competition

Explanation:

The monopolistic competition is one of the type of imperfect competition in which the various types of industries selling the products and the services that is basically differentiated from others.

In the monopolistic competitors, the different types of decision taken by an organizations are not directly affecting the other competitors in the market.

 According to the question, the J. Pitner's is basically refers to the monopolistic competition in the given competitive environment as it helps in establishing the reputation by offering the various types of high quality services.        

 Therefore, Monopolistic competition is the correct answer.

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Fill the blank ("__")
klemol [59]

The free market economy is the one where the buyers & sellers should freely select to buy or make.

The following information related to the free market economy is:

  • It should depend upon the supply & demand having no government interference.
  • In this, the buyers & sellers have the right to select for making or buying whatever they want.

Therefore we can conclude that the free market economy is the one where the buyers & sellers should freely select to buy or make.

Learn more about the economy here: brainly.com/question/11905095

3 0
3 years ago
Huggins Co. has identified an investment project with the following cash flows. Year Cash Flow 1 $ 880 2 1,250 3 1,510 4 1,675 I
myrzilka [38]

Answer:

the present value is $4,316.35

Explanation:

The computation of the present value of given cash flows is shown below:

Present value is

= Cash flows at year 1 ÷ (1 + rate of interest) + Cash flows at year 2 ÷ (1 + rate of interest)^2 + Cash flows at year 3 ÷ (1 + rate of interest)^3 + Cash flows at year 4 ÷ (1 + rate of interest)^4

= $880 ÷ 1.08 + $1,250 ÷ 1.08^2 + $1,510 ÷ 1.08^3 + $1,675 ÷ 1..08^4

= $4,316.35

Hence, the present value is $4,316.35

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3 years ago
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