Answer:
barriers to entry
Explanation:
The characteristics or attributes of the perfectly competitive market are as follows
1. There are large number of buyers and seller who purchase and sales similar kind of products
2. No transaction is involved
3. No barrier for entry and exit into the market
4. It contains the perfectly elastic demand
5. Perfect knowledge about the products
Therefore the first option is considered
Answer:
B. A) population sizes, income levels and cultural influences, the current state of the infrastructure, and distribution and retail networks available.
Explanation:
In a country where population is high, the demand for goods and services would be high and this would stimulate market growth. On the other hand, in a country where population is low, demand for products would be low and this can hinder market growth.
In a country where income level is high, demand for goods and services would also be high and this would stimulate market growth. The opposite is the case when income is low.
The presence of good infrastructure in a country enhances innovation and production and this can lead to market growth.
The presence of a strong and good retail network to enhance distribution of goods and services can lead to market growth as it assures producers of efficient distribution of goods and services produced.
I hope my answer helps you
Answer:
$7,167
Explanation:
Assets are resources held by an entity as a result of a past event, for which future economic benefits will flow to the entity. it is further classified as current and non-current.
Examples include inventory, cash, accounts receivable, Fixed assets or Property plant and Equipment.
Given
Inventory = $1,378
Net fixed asset = $4,827
Accounts receivable = $664
Cash = $298
Total assets = $1,378 + $4,827 + $664 + $298
= $7,167
Answer:
To enforce this promise we need to analyse whether there has been any agreement or contract between Sarah and Odessa and whether the same can be enforced.
Explanation:
In Sarah's case, her offer to gratuitously pay the neighbor for assisting in the house fire is not an enforceable contract. When the neighbor rushed to help in the fire, the offer to pay $1,000 had not yet been extended. When Sarah did extend the offer to pay $1,000, there was no consideration exchanged between both parties. The consideration, putting out the fire, had already occurred without the offer or acceptance of a contract.
Consider an alternate scenario. Sarah's house was on fire, and she could not wait for the fire department. She ran to her neighbor's house, begged for help, and offered $1,000 in exchange for neighbor's assistance. After hearing Sarah's plea, the neighbor agrees to assist in extinguishing the fire. This constitutes a contract; an offer, consideration, and acceptance.
