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Assoli18 [71]
2 years ago
14

For a competitive market, a: .a seller can always increase her profit by raising the price of her product.b.if a seller charges

more than the going price, buyers will go elsewhere to make their purchases.c.a seller often charges less than the going price to increase sales and profit.d.a single buyer can influence the price of the product but only when purchasing from several sellers in a short period of time.
Business
1 answer:
Anarel [89]2 years ago
8 0

Answer: b.if a seller charges more than the going price, buyers will go elsewhere to make their purchases

Explanation:

A competitive market is characterised by :

1. Firms in the market been price takers.

2. No barriers to entry or exit.

3. Perfect homogenous products.

Because goods in a competition market are homogenous, if a firm increases it's price, customers would go and buy the product from the firm that sells at the market price.

Also firms in a competitive market are price takers, so they cannot set the market price.

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A company recorded 2 days of accrued salaries of $1,500 for its employees on January 31. On February 9, it paid its employees $7
zavuch27 [327]

Answer:

Journal Entries are:

January 31:

Debit Salaries Expense $1,500

Credit Salaries Payable $1,500

To accrue salary expense for 2 days.

February 9:

Debit Salaries Expense $5,700

Debit Salaries Payable $1,500

Credit Cash $7,200

To record the payment of salaries expense, including salaries payable.

Explanation:

a) Data and Analysis:

January 31: Salaries Expense $1,500 Salaries Payable $1,500

February 9: Salaries Expense $5,700 Salaries Payable $1,500 Cash $7,200

6 0
2 years ago
Material delays have routinely limited production of household sinks to 400 units per day. If the plant efficiency is 80%, what
andreev551 [17]

Answer:

Effective capacity= 500 units

Explanation:

Effective capacity is defined as the maximum amount of product a manufacturing process can complete in a given period. Considering constraints such as delays, quality problems, and material handling.

Effective capacity is dependent on the design of the system. Design capacity is defined as the theoretical capacity of a system based on its design.

Effective capacity is calculated by dividing the actual capacity by efficiency.

Effective capacity= Actual Capacity/ Efficiency

Effective capacity= 400/0.8

Effective capacity= 500 units

5 0
3 years ago
Whereas most men's suit brands focus on their craftsmanship and use of high-quality materials, Bluebird Suits distinguishes itse
Anna [14]

Whereas most men's suit brands focus on their craftsmanship and use of high-quality materials, Bluebird Suits distinguishes itself by emphasizing the durability of its products and deriding other suit makers as "delicate.". Bluebird is using positioning method of Competition.

<u>Explanation:</u>

Competition arises when two or more brands have a common objective. Bluebird and other brands are selling men's suits so they compete with each other.

Bluebird is trying to position its product in the market through competition. Bluebird is selling Men's suit. It trying to present its Suits different from other brands by focusing on the durability factor and telling that other brands are delicate. This will make customers believe that Suits of Bluebird will last long as compared to other brands. So, in this way, it can compete easily.

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2 years ago
T or F #9 LAST ONE QUICKLYYY
Vitek1552 [10]

Answer:

TRUE OK BRO I AM HERE FOR U

3 0
3 years ago
you just saw a video advertisement that shows an interview with a celebrity who says her life changed for the better when she st
julia-pushkina [17]

Urgency has the advertising company used to persuade you to buy the face cream

What is the Urgency technique?

In order to convince their audience and potential consumers to buy your product or obtain it at the best price, professionals in the field of sales utilize the tactic of urgency. Making clients feel pressured into making a purchase immediately rather than later can assist.

The audience's fear of missing out on something worthwhile, or FOMO, is frequently the target of urgent advertising. Typically, two factors must be combined in order to successfully appeal to this fear of missing out. The adverts often start out by explaining why the product is appealing. Second, they restrict the number of products offered, provide a sale price for a brief period of time, or combine these two standards.

What are the advantages of increasing sales urgency?

Your organization can profit in a number of ways from instilling a sense of urgency in sales. The following are a few of the most typical advantages of building urgency in sales:

assisting clients in taking quick decisions

Increasing sales and the perceived worth of your goods

Increasing consumer interest in your products

providing quick feedback on the effectiveness of sales strategies

simplifying the purchasing process for your clients

lowering the likelihood that buyers will make different choices

Know more about Customer interest,

brainly.com/question/3053467

#SPJ4

7 0
1 year ago
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