1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alexxx [7]
3 years ago
7

A "price taker" is a firm that Question 8 options: does not have the ability to control the price of the product it sells. does

have the ability, although limited, to control the price of the product it sells. can raise the price of the product it sells and still sell some units of its product. sells a differentiated product. none of the above
Business
1 answer:
Masja [62]3 years ago
6 0

Answer:

Does not have the ability to control the price of the product it sells

Explanation:

A price taker is a firm that doesn't have the ability to control the price of the product they sell.

Price taker exist in a perfectly competitive market where individual firms cannot dictate prices of goods and services.

A perfectly competitive market is characterised by

1) presence of large number of buyers and sellers.

2) There is free entry and exit.

3) Sellers sell homogenous product, that is, identical product.

4) Buyers have access to information.

In contrast to price taker, we also have price makers who have the ability to control the prices of product they sell.

You might be interested in
In order to hire graduates and postgraduates of microbiology, Arthur, the human resource (HR) manager at Kartholfen, a pharmaceu
ss7ja [257]

Answer:

<em><u>External recruitment.</u></em>

Explanation:

External recruitment is a strategic process that the corporate human resources sector uses to select out-of-company candidates with qualified profiles to fill available jobs within the organization.

Companies often use varied sources to select candidates, the most common being talent banks, job fairs, recruitment sites, newspapers and more.

The biggest benefits an organization can derive from performing an external recruitment process are greater choice among candidates, talent renewal, increased competitiveness by hiring a top talent and increasing diversity among professionals.

6 0
3 years ago
Question 1 / 10
san4es73 [151]

Answer:

As soon as we get to school tomorrow, Rita and I will read the list.

Explanation:

Because I know.

7 0
3 years ago
Molteni Motors Inc. recently reported $3.5 million of net income. Its EBIT was $5.25 million, and its tax rate was 30%. What was
Hatshy [7]

Answer:

$250,000

Explanation:

The computation of the interest expense is shown below:

Given that

Net Income = $3,500,000

Tax rate = 30%

EBIT = $5,250,000

As we know that

EBT = EBIT - Interest Expense

So,

Interest expense = EBIT - EBT

where,

EBT = Net Income ÷ (1 -Taxes)

= $3,500,000 ÷ ( 1 - 30%)

= $5,000,000

And, the EBIT is $5,250,000

So, the interest expense is

= $5,250,000 - $5,000,000

= $250,000

We simply applied the above formula

7 0
3 years ago
Southern Hydraulic Supply is undertaking a review of their inventory policies. A typical product is a small hydraulic fitting. C
zheka24 [161]

Answer:

$418,550

Explanation:

Steps are shown below:

a. The computation of the economic order quantity is shown below:

= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}

= \sqrt{\frac{2\times \text{52,000}\times \text{\$50}}{\text{\$1.25}}}

= 2,040 units

b. The number of orders would be equal to

= Annual demand ÷ economic order quantity

= $52,000 ÷ 2,040 units

=  25.49 orders

c. The average inventory would equal to

= Economic order quantity ÷ 2

= 2040 units ÷ 2

= 1,020 units

d. The total cost of ordering cost and carrying cost equals to

Ordering cost = Number of orders × ordering cost per order

= 25.49 orders × $50

= $1,275

Carrying cost = average inventory × carrying cost per unit

= 1,020 units × $1.25

= $1,275

So, the total annual cost would be  

= Purchase cost + ordering cost + carrying cost

= $416,000 + $1,275 + $1,275

= $418,550

Purchase cost = Annual demand × cost per unit

                        = 52,000 × $8

                        = $416,000

6 0
3 years ago
Accoints payable ledger contains all of the balance sheet and income tstatmeent accounts true or false
xeze [42]
False, only shows transactions and amounts owed.
3 0
3 years ago
Other questions:
  • Meadow Company produces hand tools. A sales budget for the next four months is as follows: March 10,500 units, April 13,600, May
    10·1 answer
  • Intangible assets are reported on the balance sheet
    7·1 answer
  • Atlanta​, ​Inc., planned and actually manufactured 180,000 units of its single product in 2017​, its first year of operation. Va
    13·1 answer
  • What is the purpose of the New Window command?
    14·1 answer
  • MangiareBuono, a supermarket chain, has asked Fiorello to supply it with 30,000 gallons of Top Quality Oil at a price of $8 per
    15·1 answer
  • The Closed Fund is a closed-end investment company with a portfolio currently worth $195 million. It has liabilities of $20 mill
    9·1 answer
  • Randy Ice starts the month with a balance on his credit card of $1000. On the 10th day of the month, he purchases $200 in clothe
    11·1 answer
  • Assume a single taxpayer is taxed at 10% on the first $9,275 of taxable income, 15% on the next $28,375 of income, and at 25% fo
    15·1 answer
  • Relevant Range and Fixed and Variable Costs Vogel Inc. manufactures memory chips for electronic toys within a relevant range of
    5·1 answer
  • Assume the state of Alabama placed a tax on playing cards of 6 cents per pack. If the state generated $48600 in revenue, how man
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!