Functions of the JSE include:
*serves as a link between investors and entrepreneurs.
*serves as an indicator of economic conditions.
*Provides a regulated vehicle for trading shares.
Changing prices to attract customers is most difficult in a "<span>purely competitive market"
Hope this helps!</span>
False - because not every business plans work
Answer:
(3) $3,750,000
Explanation:
The computation of the expect monthly sales to be as high is shown below:
Given that
Sales per month = $300,000
Royalty payments = 8% of sales
So, the expected monthly sales would be
= Sales per month ÷ Royalty payments percentage
= $300,000 ÷ 8%
= $3,750,000
We simply divided the sales per month by the royalty payment percentage i.e 8%
