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Nitella [24]
3 years ago
9

Competition happens when two or more businesses

Business
1 answer:
g100num [7]3 years ago
5 0

Answer:

fight for the same benefit or gain

Explanation:

For example, if there are two firms in an industry. The goal of the two firms would be to maximise profit. To achieve this, the two firms would engage in various competitions in order to attract customers.

For example, they may differentiate their products or give discounts in order to attract customers and so increase profits

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When two knowledgeable people acting independently each produce the same information, this information is said to be?
8090 [49]
When two knowledgeable people acting independently each produce the same info, this info is said to be true because they could have possibly thought about it together.
8 0
3 years ago
Which of the following would not interfere with market equilibria? a. a non-binding price floor b. a binding price ceiling c. a
nignag [31]

Answer:

A) a non-binding price floor

Explanation:

A non-binding price floor is a price floor set below the current equilibrium price, so it really doesn't affect either the supply or demand of the product.

A binding price ceiling will result in a shortage since it decreases quantity supplied and increases quantity demanded. Rent control is a type of binding price ceiling. A minimum wage is a type of binding price floor which results in labor supply surplus since the quantity of labor supplied will increase but the quantity of labor demanded will decrease.

3 0
3 years ago
Cost of Debt. Micro Spinoffs Inc. issued 20-year debt a year ago at par value with a coupon rate of 8%, paid annually. Today, th
Nina [5.8K]

Answer:

5.925%

Explanation:

For computing the cost of debt, first we have to determine the YTM by using the Rate formula that is shown in the attachment

Given that,  

Present value = $1,050

Assuming figure - Future value or Face value = $1,000  

PMT = 1,000 × 8%  = $80

NPER = 20 year - 1 year = 19 year

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this,  

1. The pretax cost of debt is 7.50%

2. And, the after tax cost of debt would be

= Pretax cost of debt × ( 1 - tax rate)

= 7.50% × ( 1 - 0.21)

= 5.925%

3 0
3 years ago
TCBW last year had an average collection period (days sales outstanding) of 33 days based on accounts receivable of $350,000. Al
sergeinik [125]

Answer:

$296,969.70

Explanation:

Days of sales outstanding = number of days in a period / receivables turnover

Receivables turnover = revenue / average receivables

33 = 365 / receivables turnover

receivables turnover = 11.060606

11.060606 = revenue / $350,000

revenue = $3,871,212.12

with the new policy and same revenue :

28 = 365  / receivables turnover

receivables turnover = 13.035714

13.035714 = $3,871,212.12 / average receivables

= $296,969.70

7 0
3 years ago
If you know how to think critically and have excellent problem solving skills, you are said to have strong
Ugo [173]

Answer:

B

Explanation:

its right

7 0
3 years ago
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