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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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Pooler Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.15 direct labor
AleksandrR [38]

Answer:

$13,335

Explanation:

Required production in units for April and May are 6,500 units and 6,200 units respectively.

Direct labor hours needed is 0.15 for both months.

Total direct labor hours needed for each month would be;

April

= 6,500 units × 0.15

= 975

May

=6,200 units × 0.15

= 930

Direct labor rate per hour for each months is $7

Total direct labor cost for April would be;

= $7 × 975

= $6,825

Total direct labor cost for May would be;

= $7 × 930

= $6,510

Therefore, total direct labor cost for both months April and May would be;

= $6,825 + $6,510

= $13,335

4 0
3 years ago
Laura's boss, Erik, constantly uses sexually explicit language while communicating with his female subordinates. Though many fem
Fittoniya [83]

Answer:

I shouldn't believe or think this will be viewed as offensive conduct because he doesn't threaten any lady throughout particular. A further explanation is given below.

Explanation:

  • Complaining about discrimination based on private orientation as either a misconduct action throughout Title VII of the 1964 civil rights legislation including 29 C.F.R. including its Federal EEO Action Process Portion 1614.
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3 0
3 years ago
What would happen to the buying power of your investment after one year if your rate of return was 8% and the rate of inflation
Anna71 [15]
Dude why did you put this question like 5 times??
4 0
3 years ago
When an individual invents a new product and patents it, a writer copyrights and publishes a book, or a company develops a symbo
horsena [70]

Answer:

A. Intangible assets

Explanation:

Intangible assets: They refers to assets that are not physical in nature. They are identifiable, non-monetary assets without physical substance such as brand recognition, intellectual property. Intellectual property includes patent right, copyright, and trademarks.

Intangible assets lice brand names are non physical in nature unlike tangible assets that are phsysical. Examples of tangible assets are building, vehicle, land, machineries and furnitures. They are assets that is expected to generate economic return in the future.

There are two classes of intangible assets

1. Identifiable intangible assets: These are intangible assets that can be separated from other assets such as copyright, trademarks and patent.

2. Unidentifiable intangible assets: They are assets that cannot be separated from other assets such as Goodwill.

5 0
3 years ago
Contingent Liabilities must have the following criteria (select all that apply): Select one or more: A. The obligation is certai
Leya [2.2K]

Answer: Option B and C

                                     

Explanation: In simple words , contingent liabilities refers to the liabilities the occurrence of which depends on the happening of an event that may or may not occur in the future.

These are recorded in the accounts only when  the payment is to be made in future and that payment could be reasonably estimated.

Hence the correct option is B and C

3 0
3 years ago
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