Answer:
barriers to entry in monopoly but not in monopolistic competition.
Explanation:
Imagine a situation where a monopolistically competitive firm is doing very well and is able to earn economic profit (profits higher than normal) in the short run. Since this company is earning higher than normal profits, other companies will enter the market and start competing against them hoping to get a piece of that abnormally high gain. As more competitors enter the market, economic profits will start to decrease until finally they are eliminated.
Since monopolies do not face competition, they can earn economic profits in the long run.
Answer:
The correct answer is letter "C": consultative selling approach.
Explanation:
The consultative selling approach is a method of sale that requires vendor-customer engagement to provide consumer personalized experience by pointing out solutions out of open questions according to the customers' needs. Normally, vendors do not follow sales speeches to attract the consumers' attention but they improvise identifying the potential reason why customers would purchase a product.
Answer:
A) investors
Explanation:
The main aim of financial accounting to provide information to the investors( existing and would-be) about the performance and position of the business at a particular point in time.
Performance relates to net income earned while the position is about the net assets of the company which is an offshoot of all the assets owned and liabilities(obligations) owed to other parties
Answer:
C-chart is the best suited for this since it is widely used to determine if the defects or returns are within the control limits or not.
Mean = average = 8 per day
Z=3
UcL = mean + 3[square root of mean]= 8+ 3 (Sq root of 8) = 16.48
LcL= mean - 3[ square foot of mean] = - 0.485
So the returns are within the control limits.
Answer:
The revenue that the investment in the company would increase by $100,000.
Explanation:
Though the International Accounting Standard IAS 2 Inventories says that the inventory must be recorded at lower of:
- Cost
- Net Realizable Value (Fair Value less Cost to Sell)
This means though the Net realizable value increases but the cost remains the lower. This means their must not be any changes made to inventory account.
The profit earned from the increase in inventory value will be reflected in the income which will increase the net worth of the investment. So the increase in investment revenue would be by $100,000.
