In a free market system, decisions about what and how much is produced are made by the producer.
<h3 /><h3>What is a Market?</h3>
A market is a place where buyer and seller. They exchange goods and services, for a barter or for an agreed price.
Free market system is a type of market which is ideal for the seller, as there is less intervention by the government, also the property is private, the seller have the choice to make decisions. There is competition also which makes it an ideal market for the buyer too.
The autonomy is with the seller about setting the prices and other business matters which enables good interest and motivation for the seller/ the owner of the business/ the participant in the free market.
In a free market it is the choice of the producer to take decision about what and how much of the produced is to be made.
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Answer:
im not 100% but think this is right
Explanation:
the author is making a claim of fact, because he is claiming that provides no economic benefits. im not sure about the second part
Answer:
Amethyst Inc. most likely uses <u>Customer departmentalization</u>
Explanation:
Departmentalization is the process which involves grouping various activities into different departments.
Customer departmentalization is a type of departmentalization which involves grouping activities into departments on the basis of the types of customers, by assuming that the customers in each department have common needs that can be met and issues that can be resolved by the specialists.
<u>Therefore, Amethyst Inc. most likely uses </u><u>Customer departmentalization.</u><u> </u>
Answer:
Flexible budget variance = $1,900
Unfavourable
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation:
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.