A business must not only look at its direct competitors, but also must contend with those firms that offer a product that a consumer might alternatively choose. Porter refers to this as the force of substitutes in the market.
<h3>What factors affect the market?</h3>
Supply and demand in an economy are regulated by government action as well as other causes such as social, demographic, cultural, economic, technical, political, and legal pressures. The supply of a product may be affected by the weather.
<h3>Why does the market operate the way it does?</h3>
The free-market system is driven by self-interest. For their own financial advantage, people manufacture commodities and services. The struggle for consumers' dollars is what is known as competition among producers.
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Answer and Explanation:
The creation of the chart of the account by applying the standard numbering system is presented below:
For the assets it would be started by 100
For the liabilities it would be started by 200
For the owner equity it would be started by 300
For the revenue it would be started by 400
And, for the expenses it would be started by 500
Now the creation is as follows
<u>Balance sheet </u>
<u>Assets Liabilities Stockholder equity</u>
100 Cash 200 Account payable 300 R. capital
110 Automotive supplied 210 unearned revenue 300 R. withdrawal
120 equipment
<u> Income statement</u>
<u> Revenue Expenses </u>
<u> </u> 400 service revenue 500 utilities expense
510 advertising expense
<u></u>
Answer:
Correct statement is (B)
Explanation:
Marketing channel is the combination of all the people who are responsible for delivery or reach of the product from producer to the last consumer.
Thus, it is a chain from producer to wholesaler to retailer and then to consumer.
Marketing channel makes sure about the market present for the next level. That is for producers it provides wholesalers, for wholesalers it provides retailers and to retailers it provides consumers.
Thus, statement (B) is correct.
The value of any personal property of the shareholders that can be taken to pay the settlement is: $129,629.63.
<h3>
Value of personal property</h3>
Using this formula
Value of personal property=Amount lose -Amount owned by shareholder/Number of shareholders
Let plug in the formula
Value of personal property=$8 million-$4.5 million/27 shareholders
Value of personal property=$3.5 million/27 shareholders
Value of personal property=$129,629.63
Therefore the value of any personal property of the shareholders that can be taken to pay the settlement is: $129,629.63.
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