All categories

3 years ago

Which is the main force behind the decisions made by producers in a free-market society?

Business

2 answers:

marysya [2.9K]3 years ago

7 0

The profit motive

Hope this helped!
STSN

Dahasolnce [82]3 years ago

4 0

<span><span>The profit motive. The quest for profit drives producers in a free-market. Hope this helps!!!</span></span>

You might be interested in

A company just starting in business purchased three merchandise inventory items at the following prices. First purchase $62; Sec

DENIUS [597]

The gross profit for the period would be $81.

According to the accounting principle known as first in, first out (FIFO), assets that are bought or acquired first are also the first to be sold. According to FIFO, the inventory still on hand is made up of products that were bought last.

Given that, the company made the first purchase at $62; second purchase at $69, and third purchase at $60.The company sold two units for a total of $212 and used FIFO costing.

Cost price of first two items = $62 + $69

= $131

The company sold two units at $212

Gross profit = $212 - $131

= $81

To understand more about FIFO costing refer to: brainly.com/question/11493725

#SPJ4

7 0

2 years ago

If economic conditions require you to accept a job that is not exactly what you are aiming

Gre4nikov [31]

Read that that should help you

4 0

3 years ago

True or false businesses in the US generally have the right to hire whom they want

Anarel [89]

Answer:

True

Explanation:

4 0

3 years ago

Sam is a retiree with considerable resources, so he doesn't really spend much time on purchase decisions. His belief is that the

Luba_88 [7]

Answer: completing the last sentence in question:

Sam uses price as a surrogate indicator of quality.

Explanation: From the question, Sam when making purchases, has a believe that the costlier goods posses more quality than other cheaper goods. Therefore he is indirectly taking price as a key indicator of quality or a replacement for quality.

4 0

3 years ago

In preparing its bank reconciliation for the month of April 2020, Sells, Inc. has available the following information. Balance p

Feliz [49]

Answer:

The adjusted cash balance at April 30, 2020 is $36,060

Explanation:

The adjusted cash balance at April 30, 2020 is computed as:

Adjusted cash balance = Balance as per bank statement, 4/30/20 + Deposit in transit, 4/30/20 - Outstanding check, 4/30/20

where

Balance as per bank statement is $40,920

Deposit in transit is $10,200

Outstanding check is $15,060

= $40,920 + $10,200 - $15,060

= $51,120 - $15,060

= $36,060

4 0

4 years ago