Answer:
A. Explain how the above (free market competition) would be an advantage for you, the consumer.
Free market competition is advantageous to the consumer because it promotes the supply of many goods and services, at a lower price than other market structures like oligopoly or monopoly.
In the free market, there are many firms, none have market power, and they produce goods and services that have many substitutes. This means that if a firm raises the price of a good, consumers simply flock to another firm that offers a similar product. This mechanism obliges firms to offer their goods at the market-clearing price, which is the best price for the consumer.
B. Describe how an oligopoly OR monopoly could inhibit competition among businesses.
Oligopolies ocurr when there are only a few firms in the market, and monopoly ocurrs when there is only one firm. These two market structures allow firms to charge higher prices than the market-clearing price, and to supply less quantity than the market-clearing quantity.
Besides, oligpolies and monopolies are characterized by high barriers to entry and exit, which keep potential competing firms out of market, inhibiting competition.
Answer:
a. True
Explanation:
A Journal Voucher is a Upload Program is mainly used to upload a lot of Journal Vouchers with the multiple line items.
The GFEBS is a ERP system or a enterprise resource planning system which is web based. The actual payrolls posts simultaneously as the commitment, obligation, expense and disbursement code by means of the transaction code FB50.
Answer:
Gypsy will probably use a pulsing advertising schedule for promoting her gift and jewelry store.
Explanation:
Pulsing is a type of advertising schedule which is a mixer of flighting scheduling ( type of scheduling where advertising is done at irregular periods ) and continuous scheduling ( a type of scheduling where advertising is done all year around ). In this type of scheduling, heavy advertising is done during the peak season ( like in this question Christmas holiday season is for Gypsy ) and low advertising is done through the rest of the year. Gypsy's products are being sold through out the yer but there is large surge in the sale during Christmas holiday season.
Answer:
Answer for the question.
Sultan Company uses an activity-based costing system. At the beginning of the year, the company made the following estimates of cost and activity for its five activity cost pools:Activity Cost Pool Activity Measure Expected Overhead Cost Expected ActivityLabor-related Direct labor-hours $254,800 36,400 DLHsPurchase orders Number of orders $8,785 251 ordersParts management Number of part types $72,680 92 part typesBoard etching Number of boards $54,900 1,830 boardsGeneral factory Machine-hours $170,000 17,000 MHsRequired:Compute the activity rate for each of the activity cost pools.
is given in the attachment.
Explanation:
