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Yuki888 [10]
4 years ago
6

In a perfectly competitive industry, influence over price is exerted by

Business
1 answer:
tigry1 [53]4 years ago
8 0

Answer:

(C) the forces of supply and demand

Explanation:

In a perfectly competitive industry, no single buyer nor seller will be able to influence prices thus marking the forces of demand and supply (the invisible hand) the determinant of pricing. Each buyer or seller will only account for a minute portion of total demand and supply thus making their influence of market price insignificant.

Options (A), (B) and (D) are incorrect as the largest firms, individual sellers and individual buyers do not influence pricing over price in a perfectly competitive market.

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Clear Call Corporation makes phones, which are sold to consumers by DefDeals stores. Erna files a product liability suit against
diamong [38]

Answer:

2. An available alternative design.

Explanation:

Product liability is the liability a manufacturer bears for putting a defective product in the hands of a consumer. Defective products are either those that are produced with functional inadequacy or liability can also be filed when sufficient information is not provided for safe use of the product.

In this scenario Ema files a product liability claim against clear call alleging design defects. The court may consider an alternative design in the bid to decide if clear call is liable in this lawsuit. The alternative can be given to Ema as replacement for the defective phone.

6 0
3 years ago
Roberson Corporation manufactured 30,000 ice chests during September. The overhead cost-allocation base is $11.25 per machine-ho
Paha777 [63]

Answer:

$165,000

Explanation:

Data provided in the question;

variable overhead data

                                                                           Actual                   Budgeted

Production                                                       30,000 units          24,000 units

Machine-hours                                                15,000 hours         10,800 hours

Variable overhead cost per machine-hour        $11.00                   $11.25

Now,

The actual variable overhead cost will be

= Actual machine hour × Actual Variable overhead cost per machine-hour

= 15,000 × $11.00

= $165,000

Hence,

The actual variable overhead cost for the Roberson Corporation is $165,000

5 0
3 years ago
Which business environment are SMEs part of? Micro, market,macro environment and why
vaieri [72.5K]

Answer:

Micro-environment factors include internal factors i.e. customers, suppliers, competitors, etc. whereas macro-environment has external factors like political, social, economic, etc.



studiousguy.com › Marketing

3 0
3 years ago
Executive interview have essentially the same advantages and disadvantages as _____. mall intercept interviews clt interviews ma
MrMuchimi
The correct option is in-home interviews.
Executive interview have essentially the same advantages and disadvantages as in-home interviews.
In-home interviews are comprehensive sessions which join perception and meetings to produce profound logical comprehension.
4 0
4 years ago
LeGo Financials offer two investment plans. Investment A pays 9 percent interest compounded monthly, whereas Investment B pays 1
12345 [234]

9.38%; 10.25%

Explanation:

The annual rate rate of return is based on the amount of money earned or expended at year-end and is split at the start of the year into an initial investment. The annual returns or cumulative annual rate is also related to as this form.

For example, if you make monthly payments, divide by 12. 2. Multiply by the remaining balance of your mortgage which will be the entire principal for your first deposit. You must incur an excess amount by the amount of the value of your interest rate.

7 0
3 years ago
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