Answer:
organic word-of-mouth
Explanation:
Organic word-of-mouth refers to the situation in which a person turns into a promoter for a product providing information about it without any influence because he/she is satisfied with the product and wants to share it with other people. According to this and considering that Beth found the right sunscreen and she decided to tell all her close friends about how good the product is, this is an example of organic word-of-mouth.
Answer:
Adjusting entry the company made to record its estimated bad debts expense:
Bad Debts Expense 29,300
Allowance for Doubtful Accounts 29,300
Explanation:
The company uses the aging of receivable method to estimate uncollectible.
Estimated uncollectible would be $28,500
Before year-end adjustments, the Allowance for Doubtful Accounts had a debit balance of $800
Bad debts expense = $28,500 + $800 = $29,300
Adjusting entry the company made to record its estimated bad debts expense:
Bad Debts Expense 29,300
Allowance for Doubtful Accounts 29,300
The invisible hand concept says that assuming competition, private and public interests will coincide.
<h3>W
hat does the invisible hand concept call for?</h3>
It believes that in order for a society to be well off, there has to be competition between firms.
This competition would lead to increased production which will take care of the country better. This would coincide with the public interest of taking care of citizens.
Find out more on the invisible hand theory at brainly.com/question/3078419.
#SPJ12
Answer:
C. Government ownership of the major industries.
Explanation:
The government owning the major industries is not a characteristics of market system. The government plays a limited role instead. Government role is to ensure that the markets are open and working. It ensures equal access to information by making sure no one manipulates the markets.
Other characteristics of market system not mentioned in the question are
1. System of market and prices
2. Motive of self interest.
