Answer:
Generic competition is competition among different products that solve the same purpose while enterprise competition is am orderly established business with limited liability of another person. The main difference between the two is that generic is rivalry among similar businesses while enterprise is the company itself.
The best way to encourage employees to think creatively is to be able to have a writing board that could be always or readily available for employees in which could be of used in sketching ideas. This will make them to open up and think of ideas that would be of help to the company, in the same time, it does not involve pressuring the employees, by this, it will help them to think more freely and express their ideas more creatively.
Answer:
$227,272
Explanation:
Ending inventory at base-year retail prices =
Ending inventory at current-year retail prices
÷The current-year price index
Ending inventory at current-year retail prices $250,000
The current-year price index 1.10
Hence:
$250,000÷1.10
=$227,272
Answer:
$26,730
Explanation:
The explanation for this question is given in the attachment below.
Answer:
Letter B is correct.<u> Markets clear in the long run.</u>
Explanation:
The correct alternative is the letter B, since a market clearing price can be defined as the equilibrium price, which is characterized by the price of a good or service whose quantity offered is the same quantity demanded.
Therefore, when there is a situation in which the sale price is higher than the market clearing price, the supply will be greater than the demand, which will create a stock of surpluses that will accumulate in the long run.
