Answer: E.When there are so many industry rivals that the impact of any one company's actions is spread thinly across all industry members
Explanation:
The more the number of players in an industry the more it gets congested and especially for the competing sellers. The decision for increasing or reducing price is met by follower firms to do the same thing. It gets less competitive because you know all the players in the industry would be following the same practices and doing the same thing.
A useful way of standardizing financial statements is to choose a base year and then express each item relative to that amount.
This is further explained below.
<h3>What is
a financial statement?</h3>
Generally, Financial statements are written documents that represent a company's commercial operations as well as its financial performance within a certain period of time.
Audits of financial accounts are often conducted by government agencies, accounting firms, and other organizations for the objectives of ensuring their correctness and meeting the requirements for taxation, financing, and investing.
In conclusion, Selecting a base year and then expressing each item in terms of its relationship to that amount is a practical strategy for standardizing financial statements.
Read more about financial statements
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Answer:
<em>income-generating assets under the current account of the balance of payment.</em>
Explanation:
Remember, the related term balance of payment refers to the calculation of a country's transactions at the international level for a specific period.
In other to determine the flow of money in and out of a country, the receipts from income-generating assets such as stocks (in the form of dividends) are thus recorded in the current account.
The digital ecosystem is an emerging type of system where it refers to the collection of people, products, services, and business processes related to a digital element. It is a group of people, things or enterprises that would share digital platforms that are standardized for equal benefits for the ones involved.
Identical goods or services ,many buyers ,Price takers
