Answer: Fall in revenue
Explanation:
A decrease in demand means a lower level of demand compare to the previous period. A price taking firm means that the firm cannot determine the price in the market. Profit maximising level of output means the output level that gives the highest profit.
A fall in demand without an increase in price at a profit maximising level of output will lead to a fall in revenue and profit all things being equal.
Answer:
Cash accounting method
Explanation:
The cash accounting method records receipts and expenses during the period in which cash changes hands. In this method, revenue will be recorded when payment from a customer is received. Expenses are not recorded unless money is paid out. In short, revenues and expenses are recognized and recorded only when cash is received or paid.
Cash accounting contrasts with the accrual accounting system, which recognizes revenues and expenses when their respective events occur.
True they belong to the bracket of unemployed citizens and are dependent on the working force or are consuming their savings
I think it would be D or C
To entrepreneurs, independence and desire, not money, are what drive them.
<h3>What are the 14 characteristics of entrepreneur?</h3>
Main Facts of Successful Entrepreneurs They have a unique vision. They aim to have an impact in the future as they see far beyond what is happening right now. They are dedicated, have a strong sense of purpose, network, have a team of supporters, invest in themselves, and have faith in their capacity to succeed.
<h3>What are the 10 personal qualities of an entrepreneur?</h3>
The first quality on our list is one that is frequently taken for granted: flawless communication, a will to succeed, calculated risk-taking, ongoing learning, excellent leadership abilities, drive and aspiration, and open-mindedness.
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