A. Money market through borrowing and saving by households and businessesB. Public sector through the mechanism of central planningC. Business sector through the mechanism of advertisingD.Private sector through the earning and spending of income
Private sector through the earning and spending of income
Answer: Option D.
<u>Explanation:</u>
A market economy is a monetary framework wherein the choices in regards to venture, creation and dissemination are guided by the value signals made by the powers of organic market.
The meaning of a market economy is one in which cost and creation is constrained by purchasers and dealers uninhibitedly leading business. A case of a market economy is the United States economy where the speculation and creation choices depend on organic market.
Answer:
a.a debit to Cash Dividends for $120,000.
Explanation:
The amount of dividend paid is dependent on two function; the number of shares and the amount declared for payment per share.
When it is paid, a credit is posted to cash account and the corresponding debit is posted to the dividend paid account.
As such, since the company has 80,000 shares and the declared dividend was $1.50,
Total dividend paid = $1.50 × 80000
= $120,000.
Hence cash dividend is debited with $120,000 on payment.
Answer:
The answer is D) A market orientation refers to the orientation of an organization that focuses its efforts on continuously collecting information about customers' needs, sharing this information across departments, and using it to create customer value.
Explanation:
The philosophy of market orientation is concerned with crating value that meets the needs of customers.
A company that applies market orientation in their approach and processes seeks ways to identify the needs of customers, they study these wants, find our how well their competitors are meeting them and then create innovative value with a competitive edge that will sell easily.
The design and packaging of these customer orientated goods and services is meant to be cost effective for the sake of maximizing profit.
4,000,000 units should be sold a company
<u>Explanation:</u>
<u>Calculating the sales in units:</u>
It has been given that the toal market demand is $20 million, average quantity purchased by buyer per year is 2 units, price average is $50, and the desired share of the market is 10%.
Where:
Q = Total market demand,
N = number of buyers in the market, q = average quantity purchased by the buyer per year,
P = price of average unit
= $2,000,000,000
Market share = 
= 4,000,000 units
Hence, the company should sell 4 million units to achieve 10 percent market share.
