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3 years ago

The market mechanism:

Business

1 answer:

anyanavicka [17]3 years ago

5 0

Answer:

works because prices serve as a means of communication between consumers and producers.

Explanation:

Market mechanism is the money is used as a medium of exchange between buyers and sellers in a open system of value (market).

In the market mechanism consumers are interested in maximising utility, while sellers want to maximise profit.

Demand and supply mechanics works to properly allocate resources according to fluctuations in price.

So market mechanism is successful because price has become a means of communication between buyers and sellers in their mission to maximise utility and profit.

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Family Farms Inc., a company which deals in dairy products, adheres to a standard of behavior for its employees, and it follows

Misha Larkins [42]

Answer:

The right response is "Business ethics".

Explanation:

An ethics framework that always considers the moral standards as well as problems that occur mostly in a corporation but also function as a guide for the behavior of people throughout the organization.
Meanwhile, corporation governments facilitate the collection of values and conventions governing as well as controlling the business of the company.

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3 years ago

Corporations with control both within and across industries are formed by a series of mergers and acquisitions across industries

Zielflug [23.3K]

Answer:

conglomerate

Explanation:

In simple words, A conglomerate refers to the multi-industry corporation, which is a mixture of many enterprises operating within one organizational group in completely different sectors, which can include a holding company and several branches.

The conglomerates are always global and massive. The predominant conglomerates consolidate financial risk through investing in a variety of different industries, although other conglomerates opt to engage in a single sector, like those in mines.

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3 years ago

________ involves correcting errors using past routines and present policies.A) Process reengineeringB) Single-loop learningC) C

alex41 [277]

Answer:

B is Correct

Explanation:

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3 years ago

Accounts receivable arising from sales to customers amounted to $100,000 and $70,000 at the beginning and end of the year, respe

mote1985 [20]

Answer:

The cash collected from customers = $230,000

Explanation:

The cash collected from customers to be reported on a direct method statement of cash flows is = Net sales + decrease in accounts receivable.

or, Net sales - Increase in accounts receivable

Given,

Net sales = $200,000

Beginning accounts receivable = $100,000

Ending accounts receivable = $70,000

Decrease in accounts receivable = $100,000 - $70,000 = $30,000

Putting the values into the formula, we can get

Net sales + decrease in accounts receivable

$200,000 + $30,000 = $230,000

The cash collected from customers = $230,000

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3 years ago

When you choose to buy a good or service you make your decision in ____________ while the people who produce the good or servic

fiasKO [112]

Answer:

your self-interest; their self interest

Explanation:

When you make a decision to buy a good, you make your choice in your self-interest. There could be different reasons to make such choices. This could be because the good could form part of your basic needs or because the prices are quite low.

When people make a decision to produce the good that you are buying, these people are making their decision in their own self-interest. This could also be to make money.

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3 years ago