That’s the same thing I have in school
In a perfectly competitive market, every seller takes the price of its product as set by market conditions.
<h3>
What is a Perfect Competitive Market?</h3>
Perfect competition is an ideal type of market structure where all producers and consumers have full and symmetric information and no transaction costs. There are a large number of producers and consumers competing with one another in this kind of environment.
Perfect competition is a market structure where many firms offer a homogeneous product. Because there is freedom of entry and exit and perfect information, firms will make normal profits and prices will be kept low by competitive pressures.
<h3>What are some examples of Perfectly Competitive Markets?</h3>
3 Perfect Competition Examples
- Agriculture: In this market, products are very similar. Carrots, potatoes, and grain are all generic, with many farmers producing them.
- Foreign Exchange Markets: In this market, traders exchange currencies.
- Online shopping: We may not see the internet as a distinct market.
Thus, we can say that the correct option is B.
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Answer:
Net Cash inflow from operating activities $67,000
Explanation:
The computation of the net cash flow from operating activities is shown below:
Net Income ($500,000 - $450,000) $50,000
Add: Depreciation $10,000
Add: Decrease in account receivable $5,000
Less: Increase in inventory ($4,000)
Add: Increase in account payable $6,000
Net Cash inflow from operating activities $67,000
Answer:
C
Explanation:
I'm smart boy that's y because y = u and u nedda pay attention in class blood
Answer:
impulsively stopping persons on the street to inquire about their buying habits
Explanation:
For businesses which are to be started, conducting marketing research can help the business know the products that would generate profits while for existing businesses, market research help companies to determine if their customers are satisfied with their services. Ways of conducting market research are:
- Conducting interviews through phone calls or person to person.
- sending questionnaires by mail or placing them online
- Conducting online surveys
- Buying information from commercial or governmental data sources.
Using information from commercial or governmental data sources may not be reliable because it may be outdated.
