Answer:
you are correct for this answer
Answer:
Option (D) is correct.
Explanation:
Perfect substitute goods are the goods which can be used in place of each other.
Perfect substitutes refers to the goods which are having identical characterstics, features and provide the exactly same level of satisfaction.
The marginal rate of substitution for these perfect substitute goods remains constant which means that the trading of one good for the another good is at a fixed rate.
Answer:
The answer is: Place
Explanation:
The four elements of the marketing mix (4 P´s) are:
- Price
- Product
- Place
- Promotion
Place (or distribution) refers to the point of sale.
Before Amazon, retailers would pay high prices for the right place to set up a store, "location, location, location" was everything. But internet sales shattered that scheme, just ask Sears or JC Penny about it.
With internet sales you can sell your product anywhere (all around the world) and many times you don´t even need a physical store. All you need are good logistics.
Answer:
The adjusting entry is as follows;
July 31
Rent Expense Debit $ 3,280
Prepaid Rent Credit $ 3,280
To record rent expense for the month of July
Explanation:
Prepaid rent payment $ 19,680
Period of payment 6 months
Period of benefit 1 month
Rent expense for 1 month I.e July is computed as
$ 19,680/6 months * 1 month $ 3,280
A contract is a negotiated agreement between an organization and a group to exchange goods, services, information and patents.
<h3 /><h3>Business contract</h3>
It is a formal agreement that establishes the rules, rights and obligations between a working partnership. It exists so that the agreements are fulfilled as previously established, with legal consequences for the party that does not comply with a contractual provision.
Therefore, the contract is a guarantee to two companies that want to come together in favor of some joint negotiation, establishing in common agreement the responsibilities necessary for the organizational integration to be effective.
The correct answer is:
Find out more information about business contract here:
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