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Travka [436]
3 years ago
12

Products produced in a competitive market are

Business
1 answer:
belka [17]3 years ago
7 0

Answer:

Standardized

Explanation:

Firms that are purely competitive provide a standardised (same or homogenous) product. Consumers will be unconcerned about whose vendor they acquire the goods from as long as the pricing is the same.

Monopolistically competitive companies make a typical profit in the long run since entrance into the market is easy. The sort of goods supplied distinguishes oligopoly from perfect competition.

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When or how does a contract become a legal document and is binding on all parties involved?
mr_godi [17]
For a contract to be legally binding and enforceable, consideration must be exchanged. A legally enforceable contract can either be written or oral. However, depending on the nature of the transaction, some contracts might need to be written down to be enforceable. Hope this helps
7 0
4 years ago
How does understanding culture important in business?​
Maslowich
Hopes this helps:

Answer:

The significance of Culture. Understanding a county’s culture is a sign of respect. It also helps to foster effective communication, a vital factor in business success. Values and attributes such as frugality, trust and endurance may viewed differently in other countries.
7 0
3 years ago
Restore Construction Company enters into a contract to remodel Sam’s Home Store, agreeing to use only products from United Build
BlackZzzverrR [31]

Answer:

Sam’s Home Store can enforce the contract against Restore Construction Company

Explanation:

In contract law, only the parties involved in a contract can take action to enforce the contract. In this case Sam' Home Store signed the contract with Restore, so they can enforce it. Any third party beneficiaries from the contract, like United Building Supplies, are not entitled to enforce anything.

6 0
3 years ago
A machine originally had an estimated useful life of 6 years, but after 4 complete years, it was decided that the original estim
lianna [129]

Answer:

d. 6 years

Explanation:

Depreciation is the loss of value of an asset over a period of time. The asset has a useful life period after which it is referred to as scrap.

The value of the asset after it's useful life is called the salvage value.

Useful life of an asset is estimated and deductions in its value are made till the useful life is exhausted.

In this scenario the useful life was initially taken to be 6 years.

After 4 years it was realised a mistake wasade and useful life is supposed to be 10 years

Since useful life of the asset remains contstant, the remaining years of useful life is the real estimate of useful life less years already used.

Remaining useful life = 10 - 4 = 6 years

6 0
3 years ago
What is not a guideline for evaluating your working main points?
dimaraw [331]
<span>Constructing each point in many different ways is usually not a good way to make one's main points. This will only confuse the reader and give them the belief that the writer doesn't really have that much evidence to back up their main idea. Using a number of different points, while only stating them in one way makes it easier for the reader to see all the different pieces of evidence and how they fit together.</span>
4 0
3 years ago
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