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4 years ago

Which situation is the best example of competition in an economic system?

Business

2 answers:

Paraphin [41]4 years ago

8 0

Answer:

b-A small CD store slashed its prices to attract customers from a larger store that sells CDs and DVDs.

Explanation:

const2013 [10]4 years ago

5 0

Option B

the best example of competition in an economic system - A small CD store slashed its prices to attract customers from a larger store that sells CDs and DVDs.

<h3>Explanation:</h3>

In business, competition is a situation where several business firms attempt to take a slice of an inadequate product by altering the details of the selling good: cost, merchandise, advertising. Competition in the marketplace is desirable for purchasers and suitable for marketing.

When firms fight with each other, buyers receive many reasonable rates, volumes, and worth of goods. One major advantage of competition is an advance to discovery. Competition can begin firms to develop lower-cost production means, which can enhance their earnings and assist them to compete.

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On 1/1//2015, XYZ leases a machine from Super LeaseCo for four years. At the end of the lease term, title passes to XYZ. Payment

MaRussiya [10]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

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3 years ago

Research that seeks to understand the nature or scope of a nation's criminal justice system is called:

Debora [2.8K]

Research that seeks to understand the nature or scope of a nation's criminal justice system is called descriptive comparative research.

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3 years ago

When each person specializes in producing the good in which he or she has a comparative advantage, total production in the econo

OLga [1]

Answer:

The correct answer is c) rises.

Explanation:

Each country in question will specialize in what is most efficient. At the same time, it will import the rest of the products in which they are most ineffective in terms of production. Although a country does not have an absolute advantage in producing any good, it may specialize in those goods in which it finds a greater comparative advantage and finally participate in the international market. In this sense, it can boost its foreign trade.

It is then the basic idea that countries choose to specialize in order to trade in activities where they have a certain advantage. That is, instead of producing what they do best in an absolute way, they produce what they do best in a relative way. Therefore, the difference with the theory of absolute advantage is that it does not produce what the country costs less, but the one with lower comparative costs.

7 0

3 years ago

Imperial Jewelers manufactures and sells a gold bracelet for $403.00. The company’s accounting system says that the unit product

AysviL [449]

Answer:

a) Financial advantage  $2,208 

b) The company should accept the special order, as it will increase its profit by $2,208

Explanation:

The relevant costs for decision to accept the special order are

I Incremental Revenue from the special order

2. incremental variable cost

3. The cost of the special tool

Unit variable cost = 143 + 90 + 8 + 7 = $240

Note that that the increase in material cost of $8 and the variable manufacturing overhead of $7 are relevant to the special order decision. Hence they are added.

And the balance of manufacturing overhead would be incurred either way. Therefore , they are not relevant for the decision

Sales revenue from special order

(22× $361.00) 7942

Variable cost of special order

(22× $240 ) (5280 )

Cost of special tool (454)

Financial advantage  2,208 

The company should accept the special order, as it will increase its profit by $2,208

3 0

3 years ago

If the coupon rate on a bond is higher than the yield to maturity, Multiple Choice the bond sells at a discount. the coupon rate

Law Incorporation [45]

Answer:

the current yield on the bond is lower now than when the bond was originally issued.

Explanation:

A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time. The bond issuer are expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.

A yield to maturity can be defined as the bond's total rate of return required by the secondary market while the coupon rate is defined as the annual interest of a bond divided by its face value.

Hence, if the coupon rate on a bond is higher than the yield to maturity, the current yield on the bond is lower now than when the bond was originally issued.

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3 years ago