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3 years ago

A ________ refers to people with unsatisfied wants and needs who are willing and able to buy a product or service.\

1 answer:

7 0

A market refers to people with unsatisfied wants and needs who are willing and able to buy a product or service. The market is made up of people who want and need to purchase a product or service, those in the 'market' for a item will search out the best quality, best price, and best way to achieve the product or service they need. The market is a big place that holds many different options for consumers to find exactly what they are looking for.

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Identify which of the following statements is correct as to why accounting is important. Multiple choice question. We live in an

ziro4ka [17]

Answer:

Accounting information identifies, records and communicates information about a business.

Explanation:

The accounting information identified the business records and communicate the business information to the insiders and outsiders also it does not have any effect on everyone except the stakeholders. In addition to this, it is not depend upon the valuation made for the stock market

So as per the given situation, the above statement should be correct

3 0

2 years ago

After a business transaction has been analyzed and entered in a journal, the next step in the recording process is to transfer t

Jlenok [28]

After recording the transaction in journal you must record it on General Ledger.

3 0

3 years ago

Lucie is reviewing a project with an initial cost of $38,700 and cash inflows of $9,800, $16,400, and $21,700 for Years 1 to 3,

Alecsey [184]

Answer:

Results are below.

Explanation:

To determine whether the project should be accepted or not, we need to calculate the net present value. If the NPV is positive, the project should be accepted.

To calculate the NPV, we will use the following formula:

NPV= -Io + ∑[Cf/(1+i)^n]

Cf1= 9,800/1.0975= 8,929.38

Cf2= 16,400/1.0975^2= 13,615.54

Cf3= 21,700/1.0975^3= 16,415.20

Total= $38,960.12

NPV= -38,700 + 38,960.12

NPV= 260.12

The project is profitable.

5 0

3 years ago

A subset of e-commerce that uses social networks to assist in marketing and purchasing products is known as ________ commerce. S

sergij07 [2.7K]

A subset of e-commerce that uses social networks to assist in marketing and purchasing products is known as A. social commerce.

Explanation:

Social commerce is the subset of eCommerce wherein social media is used for assistance on products and costumer service. it also serves as a tool for marketing of products and assisting purchases.

Use of social media for online transactions is the insistent goal of the use of social commerce as it relies on social media for buying and marketing of the products to their potential consumer base which is able to find their product on the social media platforms only.

3 0

3 years ago

In economics, what is meant by "optimal decisions are made at the margin?" The concept of the margin was initially developed in

Ivahew [28]

Answer:

The idea of the margin is related to making decisions while thinking about the benefits and costs of small changes in behavior.

Explanation:

Economic theory suggests that economic agents (firms, consumers and government) think on the sidelines. This means that decisions are made taking into consideration the benefits and costs of each choice. For example, for a firm to increase a unit of production (marginal unit) it will calculate the cost of production of that unit (marginal cost) and the profit that additional unit will generate (marginal benefit).

7 0

3 years ago