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Black_prince [1.1K]
3 years ago
11

In capitalism what is pure competition?

Business
1 answer:
inysia [295]3 years ago
5 0

Answer:

Pure or perfect competition is a theoretical market structure in which the following criteria are met: All firms sell an identical product (the product is a "commodity" or "homogeneous"). All firms are price takers (they cannot influence the market price of their product). Market share has no influence on prices.

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Which of the following functions is most closely connected with the CPSC?
Alecsey [184]
The answer  is A- ensuring product safety and setting safety standards
5 0
4 years ago
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Striker 44 Corporation produces a part that is used in the manufacture of one of its products. The costs associated with the pro
Gnoma [55]

Answer:

correct option is A. ​$331,000

Explanation:

given data

Direct materials =  ​$86,000

Direct labor ​= 130,000

Variable factory overhead = ​57,000

Fixed factory overhead ​= 135,000

Total costs = ​$408,000

avoidable =  $58,000

to find out

highest price that McMurphy should be willing to pay for​ 12,000 units of the part is

solution

we get here highest price that McMurphy should be willing to pay for​ 12,000 units of the part that is express as

highest price  = Direct material + Direct Labor + variable factory overhead + avoidable fixed overhead   .....................1

put here value we get

highest price  = $86000 + $130000 + $57000 + $58000

highest price  = $331,000

so correct option is A. ​$331,000

7 0
3 years ago
Zen Corp, an Australian company, and Pluto Inc, an American company, entered into a one-time contract to build an elevated expre
Marina CMI [18]

Answer: Joint Venture

Explanation:

Joint Venture is a form of business whereby two parties will have to come together and utilize their resources and put their skills together as well in order to achieve a common goal.

Zen Corp, an Australian company, and Pluto Inc, an American company, entered into a one-time contract to build an elevated expressway in Florida. The contract was for a period of five years and both companies were equally liable under their agreement. This is a form of joint venture.

7 0
3 years ago
To influence performance and satisfaction of subordinates, it is not recommended that the leader reduce frustrating barriers to
Stells [14]

Answer:

False

Explanation:

The reason is that the leader must always be guider in times of difficulty for the subordinates otherwise it would be more time consuming and would increase the cost to the company. The leaders are always adviced to help and train their team members to increase their productivity because experience and understanding of problem solution brings productivity.

3 0
3 years ago
Southern Food Service operates six restaurants in the Atlanta area. The company pays rent of $20,000 per year for each shop. The
Evgesh-ka [11]

Answer:

mixed cost

Explanation:

Southern Food Service pays their employees on both a fixed and variable manner:

  • managers are paid on a monthly fixed way ($4,200 per month) ⇒ fixed cost
  • the rest of the employees are paid on an hourly basis, which obviously varies depending on the amount of hours each person works ⇒ variable cost

3 0
3 years ago
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