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Alecsey [184]
3 years ago
14

Households pay firms for goods and services. Firms supply households with goods and services. The purchase and supply of goods a

nd services takes place in the _____.
Business
2 answers:
nikdorinn [45]3 years ago
7 0
The purchase and suppy of goods and services takes place in the product market.
Oksana_A [137]3 years ago
5 0

Answer:

The purchase and suppy of goods and services takes place in the product market.

Explanation:

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BigFoot is a new online shoe retailer that just hit the market. If a customer chooses to shop at BigFoot rather than Zappos, thi
Anna007 [38]

Answer:

<u>Threat of new entrants.</u>

Explanation:

Porters Five Forces includes;

  1. The bargaining power of customers,
  2. The threat of substitute products or services and others,
  3. The bargaining power of suppliers,
  4. Competitive rivalry and finally,
  5. Threat of new entrants.

However, it is the threat of new entrants scenario we find in Bigfoot's case because Zappos is experiencing reduced market share because of the new entrant (Bigfoot).

3 0
3 years ago
In a good system of internal control, the person who initiates a transaction should be allowed to effectively control the proces
amm1812

Answer:

b) False

Explanation:

One of the key features of a good internal control system is the segregation of duties (SoD).

The principle of the segregation of duties entails that an individual is not allowed to initiate a transaction, review and approve the same transaction. In other words, a good internal control system would not allow an individual carry out all processes for a transaction from initiation, to authorization to approval to recording.

A system in which these responsibilities are shared mitigates against the risk of fraud and error.

Hence, in a good system of internal control, the person who initiates a transaction should be NOT be allowed to effectively control the processing of the transaction through its final inclusion in the accounting records

7 0
3 years ago
which of the following is the guiding economic philosophy of the free enterprise system? socialism communism marxism capitalism
Degger [83]
I believe the answer is: Capitalism

In capitalism, the economy is designed in a way to give as much freedom as it can to the private sectors in term of resource allocation and market competition. In this system, the government's role limited to maintaining regulation that prevent private organizations from cheating off one another.
8 0
3 years ago
Read 2 more answers
What should investors consider when planning for their retirement?
Annette [7]

Retirement planning should include determining time horizons, estimating expenses, calculating required after-tax returns, assessing risk tolerance, and doing estate planning. Start planning for retirement as soon as you can to take advantage of the power of compounding.

Planning for retirement is making preparations for your future so that you can continue to achieve all of your objectives and desires on your own. Setting your retirement goals, calculating how much money you will require, and making investments to increase your retirement savings are all included in this. Every retirement strategy is different.

Planning for retirement is crucial because it might prevent you from running out of money in later life. Your strategy can assist you in determining the rate of return you require on your assets, the appropriate level of risk, and the maximum amount of income you can safely draw from your portfolio.

Learn more about Planning for retirement here

brainly.com/question/22544798

#SPJ4

5 0
2 years ago
In which document can the project manager (pm) find guidance for implementing earned value management (evm) contract management
Hoochie [10]
Guidance for implementing earned value management contract can be obtained from EARNED VALUE MANAGEMENT IMPLEMENTATION GUIDE.
Earned value management is a project management method for quantifying project performance. <span />
8 0
3 years ago
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