I say true because it seems like most likely answer.
Answer:
The correct answer is True.
Explanation:
A perfectly competitive market has the following characteristics:
• There are many buyers and sellers in the
market.
• The goods offered by the different sellers
They are largely identical.
• Companies can freely enter and exit the
market.
As a result of these characteristics, perfectly competitive markets, result in:
• The actions of any buyer or seller
have an insignificant impact on the price of
market.
• Each buyer and seller takes the prices of
Market as dice.
A competitive market has many buyers and sellers trading with identical products so that each buyer and seller is price-accepting.
• Buyers and sellers must accept the price
determined by the market.
Answer:
The journal entries are shown below:
Explanation:
The journal entries are shown below:
On July 15
Purchases (2,100 × $40) $84,000
To Accounts Payable $84,000
(Being the purchase is recorded)
On July 23
Account payable $84,000
To Purchase discount $2,520 ($84,000 × 3%)
To Cash $81,480
(Being the payment is recorded)
On August 15
Account payable $84,000
To cash $84,000
(Being the payment is recorded)
<h2>suppliers and buyers with strong bargaining power is the odd one out here.</h2>
Explanation:
An attractive industry should be characterized by
- high entry barriers
- suppliers and buyers with less bargaining power
- low threats from substitute products
- low rivalry among firms
Only the above listed characteristics can provide the best profit and make the industry attractive.
- If the suppliers and buyers have strong bargaining power, then the industry will have only very less profit, since the bargaining power is more.
- Even if either a buyer or a supplier is strong enough to bargain it will lead to less profit only or in simple terms a loss to the industry.
Answer:
positioning
Explanation:
Based on the information provided within the question it can be said that in this scenario Don is positioning his business relative to his competition. In the context of business, positioning refers to the actions taken by a business in order to for the business/brand to occupy a specific place in the minds of their customers, as well as setting them apart from the competition, so that those customers choose them instead of the competition.
