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sergeinik [125]
3 years ago
6

How is ease of market entry and exit and exit related to the number of suppliers in a purely competitive market?

Business
1 answer:
arlik [135]3 years ago
4 0

Numbers of suppliers in a purely competitive market dictate how easy it is to start a business or transform it in that sector.

Explanation:

Entry an d Exit in a business sector means the ease of starting or transforming a business that is involved in a particular market sector.

In a purely competitive market the business is dictated by the market standards set by the completion of the various companies vying for a market share between each other.

The harder the competition at the top level, the harder it is for a new business to come up, similar is the case for when one or two companies dominate the hegemony in which case it is hard to grab a market share for the new entrant in the market.

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On December 31, Slugger Batting Cages Company decides to trade in one of its batting cages for another one that has a cost of $5
torisob [31]

Answer:

There is a loss of 18,000

Explanation:

In this question, we are asked to calculate the amount of boot in this transaction.

We proceed as follows;

We must identify that to buy one asset, we exchanged one asset with another

Mathematically;

loss or gain = asset given up - Discount received in exchange

From the question we identify the following;

value of asset given up = 225,000 - 195,000 = 30,000

Discount received in exchange = 12,000

Thus, loss or gain is

= 30,000 - 12,000

So, there's a loss of 18,000

4 0
3 years ago
Your company rents computers to local businesses and schools. You have 4,000 computers with a book value of $185,000. As a resul
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Answer:

47,000

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6 0
3 years ago
Question 3 of 10
Varvara68 [4.7K]

Answer:

A. citizens tend to have greater confidence in the economy.

Explanation:

When a nation's standards of financial reporting are transparent and effective, by extension, the citizens tend to have greater confidence in the economy.

This is because when the government are transparent about the financial affairs of the nation, the citizens are confident in the economy

4 0
3 years ago
If a person has $1,000 in a savings account and earns $20 a year in interest on that account, the rate of return on the money is
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7 0
3 years ago
The human resource department of Winston Memorial Hospital has played a leading role in helping the hospital become a high-perfo
sesenic [268]

Answer:

Letter b is correct. <em>Making sure employees know how their work contributes to the hospital's mission</em>

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Performance management is characterized as a set of techniques and practices that together will help to verify the performance of organizational activities and their effectiveness. Its main function is to ensure that the proposed organizational objectives are met. Employees are a key player in organizational performance, so giving them feedback on their performance is important for communication to be effective and for a sense of staff to increase, and consequently their productivity to increase.

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