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Helga [31]
4 years ago
5

Brittany is preparing a market analysis for her business plan and knows she will have to conduct formal research to gather the i

nformation she needs. To conduct formal research, she should:_______
Business
1 answer:
stepan [7]4 years ago
7 0

Answer:

conduct interviews and surveys or organize a focus group

Explanation:

Formal research involves gathering data in a controlled, structured, and objective manner, so much so that a plan is followed very strictly and all information is documented. Therefore in order for Brittany to conduct a formal research, she should conduct interviews and surveys or organize a focus group. This would allow her to control the situation and document and analyze all the information gathered.

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Why are free market economies able to attain economic growth? firms offer more incentives to encourage households to purchase mo
Alja [10]

Market growth It is all about the circular flow diagram. Firms produce more because there are more people willing to buy goods and they are free to do so, not a government to stop them. In addition prices are stable because of competition and there is a lot of variety for the consumer.

6 0
3 years ago
Read 2 more answers
If firms can easily enter and exit a​ market, then A. firms will produce at minimum average cost in the short run. B. firms will
enyata [817]

Answer:

The correct answer is option C.

Explanation:

`If firms can easily enter and exit the market, then firms operating in the market will earn zero economic profit in the long run. This is because the short run is too short for firms to enter and exit so potential firms will enter and exit in the long run.  

If the existing firms will be having negative profits, the firms having loss will exit the market. This will reduce market supply. As a result, the price level will increase. This will go on until all firms will have zero economic profits.  

Similarly, if the existing firms are having positive economic profits in the long run, the other firms will enter the market. This will increase the market supply such that the price level decreases. This will go on till all the firms will be having zero economic profits.

5 0
4 years ago
The balance in accounts receivable at the beginning of 2016 was $600. During 2016, $3,200 of credit sales were recorded. If the
andreyandreev [35.5K]

Answer:

$3,100

Explanation:

Step 1: Draw up the Accounts Receivable Account

Opening Balance  $600          Allowance for Doubtful debt   $200

Sales                       $3,200       Cash Collected                        $3,100

                                                   Closing Balance                       <u>$500</u>

                                <u>$3,800</u>                                                         <u>$3,800  </u>  

To calculate the cash collected from customers

first, add the debit side of the accounts receivable which is a sum of the opening balance and sales= 3,800

Secondly, add the figures in the credit side including allowance for doubtful debt and closing balance= $700

Thirdly, Subtract the lesser side from the greater, $3,800 - $700 = $3,100

$3,100 was cash collected from the customers in 2016

8 0
3 years ago
GNP accounts avoid double counting by including only the value of final goods and services sold on the market. Should the measur
bija089 [108]

Answer:

C.

Explanation:

The Gross national product (GNP) is a tool used to measure the nation's total economic activity. Therefore it can be said that these accounts should not only include imports and exports of final goods and services received from and sold to other countries instead the total values and imports and exports should be included in the calculation of the GNP

3 0
3 years ago
A government that operates in a market economy MIGHT become involved in the economy
iris [78.8K]
<span>The government might become involved when there are human rights issues at stake, when there are issues with revenues at the federal level, and when competition is threatened by the rise of companies that are monopolizing certain areas. Human rights issues might make it less possible for certain classes of people to be a part of the economy, lack of revenue collection (for things like taxes) might require federal intervention to instigate changes in tax codes, and monopolies might threaten the ability for some companies to get a foothold in a certain industry. So the correct answer is TO PROVIDE PUBLIC GOODS AND SERVICES TO ITS CITIZENS.</span>
4 0
4 years ago
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