The firms operating in a perfectly competitive market, sell their product in a market with many other firms that produce identical or extremely similar products.
<h3>What is a Product?</h3>
A product is referred to as final or finished goods distributed in the market to serve the customers. This product can be both goods and services in which goods are tangible and services are intangible.
When all businesses sell identical goods, market share has no effect on prices, businesses can enter and exit the market without any restrictions, and businesses are unable to set prices, perfect competition is said to present.
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Answer:
The answer is "Option a"
Explanation:
In the given question only "option a" is correct, which can be described as follows:
- He is the owner and managing director of an organization and recently he introduced media attention initiatives to encourage a specific app controlled by federal law.
- Its law is rather ambiguous. He reviewed the relevant law before starting the initiative and met with his counsel in an attempt to comply with the rule. Even so, this state attorney general's office also filed a suit against him after misleading publicity.
- He provides the best defense, which acted in good faith with proper research and in line with an unspecified rule.
Answer:
2.7
Explanation:
Calculation to Determine the asset turnover ratio
Using this formula
Asset Turnover = Sales/Average Total Assets
Let plug in the morning
Asset Turnover =$6,750,000/2,500,000
Asset Turnover =2.7
Therefore the asset turnover ratio is 2.7
Answer:
Total unitary cost= $4,800
Explanation:
Giving the following information:
Actual units= 800
Total fixed costs= 1,000*800= 800,000
UNitary variable cost= $4,000
Units increase= 200
<u>On unitary bases, variable costs remain constant. On the contrary, fixed costs vary at a unitary level. Now, the same amount of costs is divided by a larger number of units.</u>
<u></u>
Unitary fixed overhead= 800,000/1,000= $800
Total unitary cost= 4,000 + 800= $4,800
The product life cycle (PLC) has 5 stages: product development stage, introduction stage, growth stage, maturity stage and decline stage.<span>
The strategy that includes shifting some advertising from building product awareness to building product conviction and purchase is part of the growth stage of the product life cycle. I</span><span>f the new product satisfies the market, it enters this growth stage. In the growth stage the sales will start climbing quickly.</span>
