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laila [671]
3 years ago
14

Which of the following is a primary benefit of entrepreneurial competition?

Business
1 answer:
zloy xaker [14]3 years ago
4 0
Your answer is faster innovation

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A business model describes how a company​ produces, delivers, and sells a product or service to create wealth.
Rudiy27

Answer: True.

Explanation:

The business model of a company is a business organization's plan to operate business. The business model covers the product the company intends to sell, the customers their products are aimed towards and the budgeted cost of running the business.

3 0
3 years ago
Use the following information:Net sales $ 240,000Cost of goods sold 172,000Beginning inventory 53,000Ending inventory 43,000Calc
mr_godi [17]

Answer:

The inventory turnover ratio is 3.58 times

Explanation:

Inventory turnover ratio an efficiency ratio that indicates how many times a company sells and replaces its stock of goods during a particular period

Inventory turnover ratio is calculated by using following formula:

Inventory turnover ratio = Cost of Goods Sold/Average Inventory

In there:

Average Inventory = (Beginning inventory + Ending inventory)/2

In the company:

Average Inventory = ($53,000 + $43,000)/2 = $48,000

Inventory turnover = $172,000/$48,000 = 3.58 times

5 0
3 years ago
What do firms stand to gain by increasing their market power
Ivahew [28]

Answer:

Increase in profit.

8 0
3 years ago
Read 2 more answers
Analyze how taxes or emissions standards could reduce the economic inefficiency that arises in a competitive market with a negat
OverLord2011 [107]
Let's analyze in the case of manufacturer's emission that cause polution

Usually, these pollution-producing companies are regulated to pay several amount of money in order to rehabilitate the environment that caused by their harmful material.

This is really inefficient , if they have to repair it, why allow them to destroy the environment in the first place ?

That's how emission standards could reduce the inefficiency
7 0
3 years ago
If you cause a car accident, which type of insurance will require you to pay the least out of pocket?
Alex
Low deductible plan because there will be low amount of money taken from you. I am pretty sure.
8 0
3 years ago
Read 2 more answers
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