1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Shtirlitz [24]
3 years ago
5

When is competition deemed desirable in business, when is it undesirable?​

Business
1 answer:
OverLord2011 [107]3 years ago
6 0
Competition is also considered the basis for capitalist or free market economies.

Competition is desirable when the price charged to individuals equals the marginal cost of production to each firm. In other words, one can say sellers charge buyers a reasonable or fair price.

Competition is undesirable when it leads to a lower output and increased costs. Competition is undesirable in business because you have to prevent new innovative ideas surviving due to firms operating with high research and development costs alongside dominant advertising. In addition fewer incentives to cut costs because of a lack of competitors.



Read more: https://www.referenceforbusiness.com/encyclopedia/Clo-Con/Competition.html#ixzz7Booeb5l4
You might be interested in
Type the correct answer in the box. Spell all words correctly. What factor reflects the ‘cost of money’? The ‘cost of money’ is
Serga [27]

1) Production Opportunities

2) Time Preferences for Consumption

3) Risk

4) Inflation

Explanation:

These are the factor reflects the ‘cost of money. The cost of the borrowing is the rate of interest paid by the lender to the creditor by the supply and demand of the assets.

1) Production Opportunities  : Investment Opportunities to produce competitive (cash) assets.

2) Time Preferences for Consumption  : Present market choice rather than potential demand savings.

3) Risk  : The probability of a small or unfavourable return on an investment.

4) Inflation  : The price will growing over time.

6 0
3 years ago
Downtown! is a rapidly growing web-based retailer with about 100 management and technical support employees at its headquarters
ivanzaharov [21]
Where did the answer go after I signed up?  I sign up and the answer disapperas?
5 0
2 years ago
Read 2 more answers
When the goods are sold, their costs are transferred from work in process to finished goods.
lara31 [8.8K]
The statement is false. When goods are sold, their cost are transferred from finished goods to sold items.
5 0
3 years ago
Most of us have to work for a living, and a job is a central part of our lives. So why do managers have to worry so much about e
bekas [8.4K]

Explanation:

Employee motivation is not directly related to the conditions of their work and personal life. There are many studies and researches that seek to understand how the employee is motivated, one of the most accepted and used is the Maslow pyramid, which categorizes each human need in the form of a pyramid of needs, according to him, there are five needs that individuals need to fulfill to be motivated and satisfied in their personal and professional life, they are the physiological needs being the base of the pyramid and the most essential, followed by needs for security, affection, esteem and self-fulfillment.

Therefore, this theory of Maslow's needs is a parameter to understand how the human being remains motivated, and to help organizations to align their processes to fulfill each employee's need for fulfillment, seeking an organizational environment focused on safety, ethics, innovation, benefits monetary, etc.

7 0
2 years ago
If the physical count of the inventory revealed $158,000 of merchandise on hand and the inventory records reported $163,000, wha
krek1111 [17]

The necessary adjusting entry to record inventory shortage would be:

“Cost of Merchandise Sold debit $5,000; Merchandise Inventory credit $5,000.”

Cost of Merchandise Sold is the cost of goods and services that correspond to sales made to customers. In this case, we need to decrease ending inventory by the quantity of these goods ($5,000) that either were shipped to customers or assigned as being customer-owned under a certain agreement. Meanwhile, the merchandise inventory is the cost of goods on hand and is available for sale ($5,000).

 

<span> </span>

6 0
3 years ago
Other questions:
  • Industries are defined by _____.
    11·2 answers
  • A manager is requested to help whenever there is a breakdown in a firm's production line. Which primary skills does this manager
    12·1 answer
  • In a project charter, the _____ describes the project and justifies why the project should be done.
    6·1 answer
  • Rapid Response Security Firm, a company that provides on-site security services for malls and other retail environments, needs t
    11·1 answer
  • Sam wants to grow in his current role, and he decides to take a three-month skill enhancement course. Sam is demonstrating .
    7·1 answer
  • If you’re offered and no-interest loan, the amount of the loan should not exceed
    9·1 answer
  • In some states, mining companies are deemed to own not only the minerals but also the space the minerals occupied before they we
    11·1 answer
  • Sales $2,150,000 Manufacturing costs: Direct materials $960,000 Direct labor 420,000 Variable manufacturing cost 156,000 Fixed m
    9·1 answer
  • Refer to the data. Assuming the bank loans out all of its remaining excess reserves as a checkable deposit, and has a check clea
    11·1 answer
  • Cash receipts and cash disbursement budgets for a government: Should be prepared monthly or as needed to enhance cash management
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!