what do economies of scale, the ownership of essential raw materials, and patents have in common? They are all barriers to entry.
Materials or substances used in the initial stages of producing or manufacturing items are known as raw materials. On commodity exchanges around the world, raw materials are commodities that are purchased and sold. Since raw materials, like labor and capital, are factors of production, traders buy and sell them on the factor market.
Various sorts of raw materials can be employed in a wide range of goods. The inventory or input commodities that a business needs to make its products are known as raw materials. For instance, a car manufacturer would employ steel used in the construction of vehicles as a raw material.
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Answer:
the worksheet consolidation entry or entries needed on December 31, 20X6 would be the following:
Debit Credit
Gain on Sale $7,000
truck $5,000
Accumulated Depreciation $12,000
Explanation:
In order to prepare the worksheet consolidation entry or entries needed on December 31, 20X6, to remove the effects of the intercompany sale we would have to make first the following calculations:
Gain on Sale=$31,000-($36,000-(($36,000/15)×5))
=$7,000
Accumulated Depreciation=($36,000/15)×5
=$12,000
Hence, truck=$12,000-$7,000
=$5,000
Therefore, the worksheet consolidation entry or entries needed on December 31, 20X6 would be the following:
Debit Credit
Gain on Sale $7,000
truck $5,000
Accumulated Depreciation $12,000
Answer:
Social conventions
Explanation:
Based on the information provided within the question it can be said that this is an example of cross-cultural diversity in terms of Social conventions. Social conventions refer to the rules or norms that individuals in society perform subconsciously. Such actions or behaviors can include greeting someone, shaking hands, or even driving on the right side of a road.
When Haddock, Inc. adheres to the ethics of preventing air pollution, littering, and waste management, they are essentially adhering to business ethics and servicing <u>government</u> and <u>communities</u> stakeholders.
<h3>Who are the stakeholders of a business?</h3>
A stakeholder is a person or an entity that has some vested interests in a company because they can either affect or be affected by a business' operations and performance.
Typically, an entity's stakeholders include the following groups:
- Investors
- Employees
- Customers
- Suppliers
- Communities
- Governments
- Media
- Trade associations.
Thus, when Haddock, Inc. adheres to the ethics of preventing air pollution, littering, and waste management, they are essentially adhering to business ethics and servicing <u>government</u> and <u>communities</u> stakeholders.
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