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Agata [3.3K]
3 years ago
9

Why would having information be a requirement for a purely competitive market?

Business
1 answer:
dusya [7]3 years ago
6 0

Answer:

To no the prices of goods and service and to buy stuff at low prices.

Explanation:

A purely competitive market is a situation where multiplier sellers have homogeneous products. The availability of the information is very important in a purely competitive market in order to decide how many sellers are selling the same product and from where an individual can buy products at low prices. Availability of information means, no seller can earn abnormal profits.

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A local restaurant, Farm Fresh Ingredients, has become highly successful through its menu, based solely on organically raised ch
Blizzard [7]

Answer:

d. temporary

Explanation:

Competitive advantage refers to a competitive edge a firm gains over it's competitors by offering better value via it's products or by offering such products at reduced prices.

Competitive advantage results out of a unique or specific methods of production which is more efficient than the competitors and most importantly which cannot be imitated by competitors.

In the given case, the advantage which has accrued is on account of organic method of raising chickens and organic seasonal produce. These advantages are momentarily as, soon other restaurants shall follow suit and gradually these shall disappear.

8 0
3 years ago
The yield on a taxable money market mutual fund earning 3.0 percent is equivalent to a ____ percent yield on a tax-exempt money
Nezavi [6.7K]
<span>In order to calculate the yield after taxes to compare it to a tax-exempt money market fund we will need to subtract the taxes from the yield. The yield is 0.03 and taxes on that are 0.28. If you multiply those two you get 0.0084. If you subtract this from 0.03 you get 0.0216 which is equal to 2.16%.</span>
7 0
3 years ago
A planning gap is the difference between the projection of the path to reach a new sales revenue goal and the projection of the
krok68 [10]

Answer: The answer is FILL IN

A planning gap is the difference between the projection of the path to reach a new sales revenue goal and the projection of the path of a plan already in place. The ultimate purpose of the firm's marketing program is to <u>"FILL IN"</u> this planning gap.

3 0
3 years ago
"Analysis of environment impact its extermely important ". Justify the statement in topic of business in one paragraph​
Archy [21]

Answer:

see below

Explanation:

Environmental analysis or scanning informs the management of possible opportunities and threats surrounding a business. Analysis of the business environment is essential because there are rapid changes happening in the environment that can greatly impact business performance.

.

A business relies on its environment for inputs and a market for outputs. Changes in any of these factors may disrupt business operations.  For a business to thrive, it must continuously conduct an environmental impact assessment and adapt to it appropriately.

6 0
3 years ago
Which of the following is NOT one of the five central and connected sectors of the food supply chain but, rather, a mediating in
Softa [21]

The physical environment

Explanation:

They reach the foods we eat via food supply chains, where food systemically moves from producers to consumers in a domino-like way, and money consumers pay for food goes to people who are working in the opposite direction at several stages along the food supply chain.

Composed of 5 central and connected sectors (input, production, processing, distribution, and consumption)

Examples of supply chain activities include farming, refining, design, manufacturing, packaging, and transportation.

7 0
3 years ago
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