Answer:
marketing team and review resources
<span>The answer is good faith. In
section 1-201 of the Uniform Commercial Code good faith is defined normally
as “honesty in fact in the conduct or transaction concerned.” Article 2 of the
U.C.C. says “good faith in the case of a merchant means honesty in fact and the
observance of reasonable commercial standards of fair dealing in the trade.”
Similarly, Article 3 on negotiable instruments describes good
faith as “honesty in fact and the observance of reasonable commercial
standards of fair dealing,” an explanation which also applies to the provisions
of Article 4 on bank deposits and collections and Article 4A on funds
transfers. The U.C.C. enforces an obligation of good faith on the performance
of every contract or duty under its purview. The law also generally necessitates
good faith of fiduciaries and agents acting on behalf of their principals.
There is also a necessity under the National Labor Relations Act that employers
and unions bargain in good faith. </span>
The answer for this question is: <span>would leave the market first if the price were any lower
Marginal seller is a type of seller whose main goal is to obtain as much profit as possible within a short period of time. These type of sellers usually spent their resource in order to find out the current trend in the market and create products according to that trend</span>
When an organization produces only a single product or service and attempts to sell it to two or more market segments. It avoids the extra costs of developing and producing additional versions of the product.
For better understanding, lets explain the term
- Market segmentation is simply known as the act of gathering or aggregating known buyers into groups that have common needs and will respond almost the same to a marketing action.
- Organization that makes only a single product or service do try to avoids any extra costs that may arise because they want to focus on just one thing
From the above, we can therefore say that the answer When an organization produces only a single product or service and attempts to sell it to two or more market segments. It avoids tahe extra costs of developing and producing additional versions of the product.
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brainly.com/question/14950217
The cost of goods sold is considered to be an expense account. It is because an expense account are the sum of money that is used or spent in a business which are being done by the employees who has the ability to take control of the money that should be spent. For the cost of good sold is where the costs are included in which is being used for producing goods that will be of the betterment of the business. They are related for both used to spent in the production of good quality of the business.