Answer:
Pure or perfect competition is a theoretical market structure in which the following criteria are met: All firms sell an identical product (the product is a "commodity" or "homogeneous"). All firms are price takers (they cannot influence the market price of their product). Market share has no influence on prices.
Answer:
$534,600
Explanation:
<em>Contribution margin = Sales - Variable Costs</em>
where :
Sales = 2,700 units x $664 = $1,792,800
Variable Costs = Costs of Goods Sold + Variable Selling Costs + Variable Administrative Cots
= 2,700 units x $405 + 2,700 units x $48 + 2,700 units x $13
= $1,258,200
therefore,
Contribution margin = $1,792,800 - $1,258,200 = $534,600
Answer:
<em>Surveys and questionnaires allow you to collect data efficiently and economically from groups of people.</em>
Explanation:
<em>Surveys are research often used to assess opinions, thoughts, and feelings of people towards a subject area or environment. it can either be limited or specific or they also can have more widespread goal which can be global.</em>
<em>Questionnaires is a set of questions written or printed with answer choices , devised for the purposes of a statistical study or survey.</em>
Answer:
A. Those responsible for complying with budgets must participate in budget preparation.
Explanation:
An important rule of budgeting is those responsible for complying with budgets must participate in budget preparation.
Answer:
<u>Brainstorming.</u>
Explanation:
The situation exposed in the question above is an example of brainstorming, which can be defined as a group dynamics technique where there is the generation of ideas for a given project.
This activity is developed with the main objective of exploring the creative and innovative capacity of an individual or a group, stimulating the team's creativity, collecting ideas and the maximum amount of information, visions and possibilities in order to achieve a determined objective.
