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3 years ago

What are the three conditions for a market to be perfectly competitive?

Business

2 answers:

lakkis [162]3 years ago

5 0

1. many buyers and sellers
2. all firms selling similar products
3. all firms have a small market share

Vlad [161]3 years ago

4 0

No monopoly
Exact same prices and products
They both specialise in the same things

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10) A blue ocean strategy A. B) involves a preemptive strike to secure an advantageous position in a fast-growing market segment

Zarrin [17]

Answer:

The correct answer is D) offers growth in revenues and profits by discovering or inventing a new industry or distinct market segment that renders rivals largely irrelevant and allows a company to create and capture altogether new demand.

Explanation:

The blue ocean strategy is a marketing theory that determines the need for organizations to forget about competition and focus especially on creating their own growth possibilities, which allows perceiving other variables that are of greater importance for business and that generally remain hidden due to the price war in which the market has been involved.

4 0

4 years ago

When preparing the statement of cash flows using the indirect method, a decrease in current liabilities is added to the net inc

sergij07 [2.7K]

Answer:

b) false

Explanation:

Operating activities: It contains those transactions that affect the after-net income working capital. It would subtract the increase in current assets and a decline in current liabilities, while adding the reduction in current assets and a rise in current liabilities.

Therefore, the given statement is false.

7 0

3 years ago

On May 1, Vaya Corp. had a beginning cash balance of $175. Vaya’s sales for April were $430, and May sales were $480. During May

ella [17]

Answer:

The firm’s beginning cash balance on June 1 is $ 205.

Explanation:

We have to use the following the formula to reach to the beginning cash

Beginning Cash balance june 1 = Beginning cash balance may 1 + sales - expenses

Beginning Cash balance june 1 = [$175] + [$430] - [$110 + $290]

Beginning Cash balance june 1= $ 205

Important. The may sales are not included in the calculation because accounts receivable time is 30 days, so may accounts receivable wont be collected until june.

7 0

3 years ago

Sheffield Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows: Year

DedPeter [7]

Answer:

2021 inventory balance using dollar-value LIFO = $1,384,025

Explanation:

Note: Before answering the question, the data in it are sorted first as follows:

Year ended December 31 Inventory at End-of-year Prices Price Index

2019 $ 654000 1.00

2020 1261000 1.05

2021 1345250 1.10

The explanation of the answer is now given as follows:

Change in inventory in 2020 = Inventory at End-of-year Prices in 2020 - Inventory at End-of-year Prices in 2019 = $1,261,000 - $654,000 = $607,000

Change in inventory in 2021 = Inventory at End-of-year Prices in 2021 - Inventory at End-of-year Prices in 2020 = $1,345,250 - $1,261,000 = $84,250

2021 inventory balance using dollar-value LIFO = (Inventory at End-of-year Prices in 2019 * Price Index in 2019) + (Change in inventory in 2020 * Price Index in 2020) + (Change in inventory in 2021 * Price Index in 2021) = ($654000 * 1.00) + ($607,000 * 1.05) + ($84,250 * 1.10) = $1,384,025

5 0

3 years ago

If there are five firms in an industry and the market shares of the firms are 45 percent, 22 percent, 17 percent, 10 percent and

Varvara68 [4.7K]

Answer:

94% and 2934

Explanation:

The computation of the four-firm concentration ratio for this industry is

= (Total four firms market shares in an industry ) ÷ (Total firm market shares in an industry)

= (45% + 22% + 17% + 10%) ÷ (45% + 22% + 17% + 10% + 6%)

= 94% ÷ 100%

= 94%

Now the Herfindahl Index is the sum of square of all firm market share

= 45^2 + 22^2 + 17^2 + 10^2 + 6^2

= 2934

5 0

4 years ago