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3 years ago

Why do markets exist?

Business

1 answer:

FinnZ [79.3K]3 years ago

8 0

Answer:

The correct answer is *to provide a place for people to trade goods and services

Explanation:

trading can be simply described as the act of exchanging values between parties.

a market is a place where the sellers and buyers meet and trade, in which the buyers buy what they need and want from the sellers at a price both of them can agree upon.

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sales rep need to generate multiple quotes for customer and track the information in sales force. What solution will you recomme

beks73 [17]

Answer:

Customer Relationship Management (CRM) Software

Explanation:

Customer Relationship Management (CRM) Software makes use of company data insight and analytics in improving customer interaction. Sales rep can make use of CRM software to engage clients effectively in a way that improves bottom line.

6 0

3 years ago

From the following information, could you please help me workout an Income Statement, Statement of Owner's Equity, and Balance S

andrew11 [14]

Answer:

Capital $ 18,000

Retained Earnings $ 1,850

TOTAL EQUITY $ 19,850

First we need to work on the balance sheets, separating each part of it with the correspondent balance.

As you can see, to equilibrate the accounting equation Assets= Equity + Liabilities it's necessary to elaborate the income statement to complete the Retained Earnings of the month.

As you have the Income statement of the Month then the total amount that S. Jones take from the company must be deducted so we have the retained earnings that meets with the accounting equation.

Explanation:

BALANCE SHEETS May

Cash $ 12,000

Accounts Receivable $ 16,000

Office Supplies $ 0,350

TOTAL CURRENT ASSETS $ 28,350

Equipment $ 16,500

TOTAL NONCURRENT ASSETS $ 16,500

TOTAL ASSETS $ 44,850

Accounts Payable $ 12,000

Notes Payable $ 13,000

TOTAL CURRENT LIABILITIES $ 25,000

TOTAL NONCURRENT LIABILITIES $ 0,000

TOTAL LIABILITIES $ 25,000

Capital $ 18,000

Retained Earnings $ 1,850

TOTAL EQUITY $ 19,850

Income Statement May

Service Revenue $ 6,000

Telephone Expense -$ 0,350

Rent Expense -$ 1,100

Advertising Expense -$ 2,150

Income $ 2,400

S. Jones, Drawing -$ 0,550

Retained Earnings $ 1,850

8 0

3 years ago

Which arrangement represents a long-term company-wide incentive plan that provides employees with the option to purchase ownersh

bezimeni [28]

Employee stock option plans represents long term company wide incentive plan that provides employees with the option to purchase ownership in the company. Many companies use employee stock options plans to compensate, hold, and recruit employees. These are contracts between an employer and its employees that give employees the ability to acquire a particular number of the company's shares at a fixed price.

4 0

3 years ago

Some innovative firms entertain consumers with ______; these consumers then interact with the brand.

lukranit [14]

The use of electronic mail proved to be significant in establishing communication between the firm and the consumer. Users of their product would now tell their claims and reports about its deficiencies only without going to the shop itself to solution the problems as fast as possible.

8 0

3 years ago

Read 2 more answers

Slate is a daily magazine on the Web. Its business activities can be described by a number of variables. What is the level of me

svlad2 [7]

Answer:

A. The number of hits on their website on Saturday between 8:00 am and 9:00 am - Ratio.

B. The Departments, such as food and drink, politics, foreign policy, sports - Nominal.

C. The number of weekly hits on the Sam's Club ad.

This variable is quantitative in nature and thus its level of measurement is Ratio.

D. The number of years each employee has been employed with Slate.

It could be 0, 1, 2, or more years

This variable is thus quantitative in nature and thus its level of measurement is Ratio.

Explanation:

Data can be categorized as belonging to one of the following four levels of measurement;

nominal

ordinal

interval

ratio

The nominal scales are used for categorical variables which have no any quantitative value. For example, a person can be categorized as being male or female; young or old.

On the other had, the Ratio scale is tell us about the order, the magnitude and most importantly this scale has an absolute zero. The ratio scale unlike the nominal one is basically for quantitative data.

With these information we can now deduce the level of measurement for each of the variables.

A. The number of hits on their website on Saturday between 8:00 am and 9:00 am

This variable is quantitative in nature and thus its level of measurement is Ratio.

B. The Departments, such as food and drink, politics, foreign policy, sports;

This variable is categorical in nature and thus its level of measurement is Nominal.

C. The number of weekly hits on the Sam's Club ad.

This variable is quantitative in nature and thus its level of measurement is Ratio.

D. The number of years each employee has been employed with Slate.

It could be 0, 1, 2, or more years

This variable is thus quantitative in nature and thus its level of measurement is Ratio.

5 0

3 years ago