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Vilka [71]
3 years ago
6

define free market system and identify and describe at least three of its major concepts or attributes

Business
1 answer:
ladessa [460]3 years ago
3 0
Free market economies allocate resources through demand and supply with minimal government intervention.

private ownership- all factors of production within the economy are owned mainly by private individuals and organizations.

Free enterprise- owners of factors of production and producers of a goods and services a free to produce what they want through the market forces of demand and supply.

Competition- <span>Companies have a competitive drive, thus better quality goods and more variety of products which are at lower prices. (more productively efficient )</span>
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When reconciling a bank account, which one of the following is considered a timing difference (difference between the bank balan
DanielleElmas [232]

Answer:

Outstanding checks

Explanation:

One of the reasons why a cash book and a bank statement might <em>not show identical entries arise</em> from outstanding checks.

Outstanding checks are payments that have not yet been cleared and debited to the account at the bank.

8 0
3 years ago
In the context of the service encounter triad, the trade-off between the service organization and contact personnel is one of: a
LUCKY_DIMON [66]

Answer:

B) efficiency versus autonomy

Explanation:

The three parties that make up the service encounter triad are: the organization that provides the service, contact personnel (which are part of the organization) and the customers. For example, in a service encounter that tales place in a movie theater; a contact person (e.g. sales clerk) provides a service (e.g. movie ticket) to a customer.

A lot of physical vendors or clerks are being replaced by automated customer service machines that are cheaper for the company but have limited autonomy. For example, in movie theaters you can get your tickets from a machine, so unless you also buy a soda or candy, you don't need to interact with the sales clerk.

5 0
3 years ago
Which Finance career involves the stock market?
maria [59]

Answer:

A or D (i think!)

Explanation:

3 0
3 years ago
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Brooklyn Corporation is preparing its statement of cash flows for the past year. The company has gathered the following informat
irakobra [83]

Answer:

Statement of cash flows ending balance = $168,800

Explanation:

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8 0
4 years ago
Five diversity issues that affect Cambridge Food​
hammer [34]

Answer:

Race

Gender

Language

Inequality

Beliefs

Explanation:

Race: the business should not discriminate employees because of their race/skin color

Gender: equality between all genders in the workplace

Language: train and communicate with all employees with language applicable to all employees

Inequality: treat all employees equally and equal opportunities to all despite their backgrounds

Beliefs: avoid discriminating and disrespecting other people's beliefs

7 0
3 years ago
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