Answer: Option B
Explanation: In simple words, perfect competition refers to a market structure in which there are large numbers of buyers and sellers each operating at a minor level in the market. Due to high number of participants and low level of operations no firm can individually affect the price.
In such a structure the prices are determined by the market forces of demand and supply.
Hence the correct option is B .
I believe the answer is internal capacity.
In business terms, internal capacity refers to the resources tha exist within company's staffs/employees which can contribute to the growth of the company.
In order to obtain this resources, company could take several approach such as investing in employees skill training and encouraging employees to share their ideas.
Answer:
The Answer is D. A very friendly and engaging personality during the interview that just makes the interviewer like the applicant
Explanation:
I actually just finished the test
Answer:
d. $52.46
Explanation:
The computation of the weighted average unit cost of scarves and jackets being sold is shown below:
<u>Taylor Scarves Jacket Total Note
</u>
Floor 35.00 15.00
Storeroom 5.00 8.00
Total 40.00 23.00 63.00 A
Purchase price $28.00 $95.00 B
Purchase cost $1,120.00 $2,185.00 $3,305.00 C = (A × B)
Weighted average unit cost $52.46 (C ÷ A)
hence, the option d is correct
Answer: False
Explanation: In simple words, competitive market refers to the market structure in which there are large number of buyers and sellers, individual operating at a small level.
Due to the high number of buyers and sellers in the market no individual participant is able to impact or fix prices. All the buyers and sellers have to trade on prices that are determined by the market forces of demand and supply.
Consumers are price takers in such a market as no individual consumer has the ability to trade in all of the stocks and one only deals with a minor portion of the total business available. Thus, from the above we can conclude that the given statement is incorrect.
