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Assoli18 [71]
3 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]3 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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Flannigan Company manufactures and sells a single product that sells for $620 per unit; variable costs are $372. Annual fixed co
pashok25 [27]

Answer:

$248 per unit

Explanation:

Given that

Selling price per unit = $620

Variable cost per unit = $372

Fixed cost = $868,000

Current sales volume = $4,370,000

The formula and the computation of the contribution margin per unit is shown below:

Contribution margin per unit = Selling price per unit - Variable expense per unit

= $620 - $372

= $248 per unit

4 0
3 years ago
give at least 3 personal gains in your business (my gain,community gain and country gain) by considering the table below
lana [24]

Answer:

My Business- Fashion Designing

My Gain- Daily profit generation, Job Satisfaction, Improvement of my business skill.

Community Gain- Access to well-designed dresses, Training for youths who wish to gain the skill

Country Gain- Employment of citizens, Contribution to the gross domestic product

Explanation:

In my business as a Fashion Designer, I benefit from the fact that I can make money for myself doing what I love. The business also affords me the opportunity to improve my business skill. For instance, good marketing helps me reach a wider audience.

The community I live in benefits from my service because they can always come to design their dresses in whatever styles they desire. Youths and others who wish to gain some skill can also register at an affordable price.

The country I reside in also benefits from the revenue generated from the business because it contributes to its gross domestic product. The citizens are also gainfully employed through the business.

8 0
3 years ago
Describe three different ways decision makers might select projects while considering both financial and non-financial factors
Anestetic [448]
Below are the three different ways decision makers might select projects while considering both<span> financial and non-financial factors:

1. Financial analysis can be the main strategy for choosing ventures. 
2. Financial analysis can be a screening gadget to qualify potential undertakings for thought utilizing a scoring model to settle on determination choices. 
3. Financial analysis can be one factor in a multi-factor scoring model used to choose ventures</span>
8 0
3 years ago
Reggie who is 55, had adjusted gross income of $32,000 in 2020. During the year, he paid for the following medical expenses:
sleet_krkn [62]

Assuming Reggie who is 55, had an adjusted gross income of $32,000 in 2020, Reggies medical expense deduction will be $75

Calculation to determine Reggie medical expense deduction

Drugs  $500

Add Health insurance premium-after tax $850

Add Doctors fees $1,250

Add Eye glasses $375

Total expenses  $2,975

($500+$850+$1,250+$375)

Less Insurance reimbursement  ($500)

Less 7.5% of Adjusted gross income ($2,400)  

($32,000×7.5%)

Medical Expense Deduction  $75

($2,975 - $500 - $2,400)

Inconclusion assuming Reggie who is 55, had an adjusted gross income of $32,000 in 2020, Reggies medical expense deduction will be $75

Learn more here:

brainly.com/question/17136095

6 0
3 years ago
What is the difference between direct e-mailing and spam ?
Nataly_w [17]

Answer: You want direct email spam is what you dont want.

Explanation: Generally, consumers must sign up to receive direct e-mailings and the recipient of the e-mail to opt-out of future mailings. Spam is unsolicited, uninvited, and often it is impossible to opt-out of spam.

Brainlist plz!!!!

8 0
3 years ago
Read 2 more answers
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