When a company buys something on credit it increases account payable, and when a company sells on credit it will increase their account receivable.
Answer: (A) Unfair competition argument
Explanation:
The unfair competition argument is one of the type of common argument that helps in applying while taking various types of unfair decisions in an organization.
It is one of the intellectual branch that basically substitute the competitor's products and the items in the market by using the deceiving techniques or methods.
According to the given question, Lobbyist is basically using the various types of Unfair competition arguments for the purpose of argue for the trading restriction on the steel rods as the foreign producers are using their unfair benefits over the domestic manufactures.
Therefore, Option (A) is correct answer.
Answer:
B. To plan production, marketing, and budgets
Explanation:
A company needs to know accurately the demand for a good or service because it has to determine what kind of customer it is and plan the marketing accordingly. Additionally, that information will be valuable in planning plan its production volume. And afterward, with that information in hands, knowing fixed and varied costs, marketing costs and others, plan the budget accordingly. Pricing, fixed costs, demand slope, and potential sales will be determined by other factors that can include but are not limited to demand estimation.
On a supply and demand graph, the line that indicates price is the y-axis. The supply and demand graph has axis that contains price (y-axis) and quantity (x-axis). This graph play an important role in the study of economics. It will indicate how much to produce to meed demands and still gaining money or just to breakeven.
The amount supplied will be greater than the amount demanded is non-price factors, such as discrimination or waiting in line, will play a greater role in the allocation of the good.
Demand is influenced by a number of economic factors besides price. Numerous more non-price factors, usually referred to as underlying determinants, can influence demand.
A force outside of supply that influences consumer demand for a product is known as a non-price determinant of demand. Ice cream, for instance, is less popular in the winter than in the summer because people don't want to be chilly. As a result, a change in the weather is a non-price determinant that influences ice cream prices. Demand is also affected by factors other than price, such as the cost of complementary and replacement products, income, expectations, and preferences and tastes.
Learn more about non price factors at
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