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3 years ago

Explain how consumer sovereignty helps drive progress

Business

1 answer:

mars1129 [50]3 years ago

5 0

Answer:

Traditionally, although it was the consumer who purchased and used the goods and services, the sellers and the companies yield a massive power in the market.

However, in modern times where information holds the true power, backed by the new regulations, the consumers now are more informed and aware about the market, it's companies and the products and most of the time they make informed decisions.

Moreover, the purchasing power of the Customer is on the rise too. Giving more decision power, choice and sovereignty to the consumers. This pushes the competition and the sellers to provide better quality goods and services.

Explanation:

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Connie is analyzing the financial statements of MegaMart and Bullseye Company. She wants to invest in one of the companies and i

Annette [7]

Answer:

D. financial accounting information.

Explanation:

Financial reporting can be defined as the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors.

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP). These accounting informations are prepared and made available for investors and other external agencies. Examples of financial statements includes Balance sheet, cash-flow and income statement.

In this scenario, Connie is analyzing the financial statements of MegaMart and Bullseye Company. She wants to invest in one of the companies and is trying to decide which company has the better past performance.

Hence, Connie is examining the financial accounting information.

4 0

3 years ago

Bricker Enterprises purchased a machine for $100,000 on October 1, 2018. The estimated service life is ten years with a $10,000

lutik1710 [3]

Answer:

$2,250

Explanation:

Given;

Cost of machine = $100,000

Residual value = $10,000

Useful life = 10 years

Annual depreciation = (Cost - Residual value ) ÷ useful life

= ($100,000 - $10,000 ) ÷ 10

= $90,000 ÷ 10

= $9,000 per year

Duration from October 1, 2018 to December 31, 2018 in year = $\frac{3}{12}$ years

= 0.25 year

therefore,

Depreciation expense for the year ended December 31, 2018

= Annual depreciation × Duration

= $9,000 × 0.25

= $2,250

3 0

3 years ago

_ is concerned with determining what activities should be performed and assessing how well they are performed. a.Operational con

Cloud [144]

Answer:

The correct answer is letter "A": Operational control.

Explanation:

Operational control comprises the steps companies take to determine how the firm will conduct its operations. Operational control is the handbook for operations managers where the procedure for each activity in the company is explained in detail so, in front of malpractices, managers will have a clear idea on how to make assessments.

8 0

3 years ago

Sara, a security analyst, is trying to prove to management what costs they could incur if their customer database was breached.

djyliett [7]

Answer:

Total estimated breached cost = $3,750

Explanation:

Given:

Total records database contain = 250 record

Cost per record for a breach = $300

Estimated breached record = 5% = 0.05

Total estimated breached cost = ?

Computation of total estimated breached record :

Total estimated breached record = Total records database contain × Estimated breached record

Total estimated breached record = 250 × 0.05

Total estimated breached record = 12.5

Computation of total estimated breached cost:

Total estimated breached cost = Total estimated breached record × Cost per record for a breach

Total estimated breached cost = 12.5 × $300

Total estimated breached cost = $3,750

7 0

3 years ago

Which of the following is a source of earned income

xxMikexx [17]

work

when u work the money u earn is the income

6 0

3 years ago

Read 2 more answers