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LekaFEV [45]
2 years ago
8

Why do businesses compete in free enterprise system?

Business
1 answer:
Bingel [31]2 years ago
3 0

Answer:

Businesses in free enterprise systems compete with each other to produce better products at better prices. Competition leads to innovation, new ideas and a more competitive market. Competiting allows businesses to control themselves and their ideas in an <em>efficent manner. </em>

<em>However, competition in the free enterprise systmem leads to lower wages and income.</em> It leads to the best product at the lowest price. It leads to a variety of products available to the consumer.

<u>if you liked my answer please mark me as brainliest !! thanks <3 !!</u>

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Final exam Donald approves on behalf of Evelyn-but without authorization-a contract with Farouk to build a new silo. Evelyn does
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Answer:

D. An unaccepted offer.

Explanation:

The contract is an unaccepted offer because it was supposed to be signed either by, or on behalf of, Evelyn, but Evelyn neither signed the contract nor authorized Donald to sign for her, and she did not even ratified it in first place.

The contract is void.

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3 years ago
A company budgeted sales of its single product to be 60,000 units in April, 75,000 units in May, and 70,000 units in June. The c
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Explanation:

hope I'll help you mark me as brainliest

6 0
3 years ago
An example of a push strategy is ________. organizing couponing campaigns utilizing newspaper advertising using television adver
Marianna [84]

Answer: Using television advertising

Explanation:

Push marketing strategy, refers to the strategy whereby take its products to the consumers in order to increase the exposure of the product.

Push marketing simply means pushing the brand through the use of promotions and paid advertisiment. On the other hand, pull strategy draws customers towards the product.

6 0
3 years ago
e Arlington Motor Pool Internal Service Fund had the following transactions and events during January 2018. Using the "Additiona
Akimi4 [234]

Answer:

Journal Entries

1) Debit Salaries Expense $6,667 Credit Bank $6,667

2) Debit Fuel and Maintenance expense $600, Credit Bank $600

3) Debit Depreciation Expense $amount Credit Accumulated depreciation $amount

4) Debit Insurance Expense $amount Credit Bank $amount

5) Debit Benefit Expense $amount Credit Accrued Benefit Expense $amount

6) Debit Accounts Receivable ( total of all trips) $amount Credit Service Revenue $amount

Explanation:

The Question is incomplete but i will do the typical journal entries to the transactions without figures.

1) The salaries are for one month and in brackets there is a $80,000*1/12 calculation meaning the $80,000 is for the year, now if it was already recorded then we debit salaries payable $6,667 credit bank $6,667

4) Insurance expense is debited if it is paid as it is incurred but if it has an Prepaid insurance account then we credit the Prepaid insurance account instead of Bank.

4 0
3 years ago
On August 15, we purchased equipment for $5,000. We paid $1,000 down with the remainder to be paid later. What account(s) would
vodka [1.7K]

Answer:

a. Cash and accounts payable

Explanation:

The journal entry to record this given transaction is shown below:

Equipment A/c Dr $5,000

       To Cash A/c $1,000

       To Account payable A/c $4,000

(Being the equipment is purchased for cash and on account)

Since the equipment is purchased for $5,000 that increase the asset account and the cash is paid for $1,000 so it would be credited plus the remaining amount is given on credit basis so we credited the account payable account

6 0
4 years ago
Read 2 more answers
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