All categories

3 years ago

The basis of competition is freedom of exercised in the pursuit of .

Business

1 answer:

Mazyrski [523]3 years ago

8 0

The basis of competition is freedom of choice exercised in the pursuit of money.

<h3>What is competition?</h3>

Competition is a scenario where different economic firms are in contention to obtain goods that are limited by varying the elements.

The purpose of competition is for businesses to try to outdo each other in order to earn more.

Also, competition enable businesses come up with newer ways to please their customers, hence come up with amazing innovative ideas and better products.

Hence, the basis of competition is freedom of choice exercised in the pursuit of money.

Learn more about economic competition here : brainly.com/question/967467

You might be interested in

Phoenix Pump and Filter projects that the cost of steel bodies for Model R910 valves will increase by $2.50 every 3 months. If t

katrin2010 [14]

Answer:

$1023.98

Explanation:

Using the standard notation equation for annual payment and for arithmetic gradient to calculate the present worth of a unit's costs; we have the following corresponding expression.

P = A (P/A, i, n) & P = G (P/G, i, n)

where;

A = annual payment

G = arithmetic gradient

n = number of years

i = annual interest rate

From the question;

the payment period = compounding period

∴ quaterly interest rate = 3%

The present worth value of the unit's cost is therefore shown as

P = 90 (P/A, 3%, 12) + 2.5(P/G, 3%, 12)

P = 90(9.954) + 2.5(51.2481)

P = $1023.98

∴ The present worth value of the unit's cost = $1023.98

7 0

3 years ago

Tennill Inc. has a $1,400,000 investment opportunity with the following characteristics: Sales $4,480,000

asambeis [7]

Answer:

D. 9.6 %

Explanation:

ROI is a financial ratio that communicates the how efficient business has been in generating profits using its capital.

The formula for ROI is Net profit/ investments x 100

For Tennil

Investments are $1,400,000

Net profits= sales - fixed cost + variable costs.

Sales: $4,480,000

Fixed costs: $1,657,600

variable costs ?

if contribution margin ration is 40% of sales

Contribution margin is 40/100 x 4,480,000= $1, 792,000

Contribution margin = sales- variable costs

$1, 792,000= $4480,000- variable costs

variable costs= $4,480,000- $1,792,000

variable costs = $2,688,000

Net profits = $4,480,000 - ($1,657,600+ $2,688,000)

Net profits =$134,400

ROI = $134,400/1,400,000 x 100

ROI = 0.096 x 100

ROI =9.6 %

5 0

3 years ago

Which cancer has the highest incidence (but not the highest death rate) for women in the united states?

nataly862011 [7]

I did some research on this a while ago, I'm pretty sure it's Breast Cancer.

6 0

3 years ago

The complement of 35% is:

Lena [83]

<span>100%-35%=65%

the compliment of 35% is 65%

</span>

6 0

4 years ago

Market research is used to gather information needed to make business decisions.

love history [14]

Answer:

You need to pay for research data before you talk to any customer

Explanation:

In a lean startup approach, startup companies will gather customers feedback regarding their product and devise their plan based on those feedbacks rather than based on their own intuition.

Even though there are methods that we can use to obtain customers' feedback that require payments (such as purchasing the data from social media ), this isn't always necessary.

One thing that a company can do to obtain customers feedback without paying is to do direct outreach to the customers by sending them emails with their opinion about the products or by creating an online forum specifically for the customers to talk about the product.

5 0

3 years ago

The basis of competition is freedom of ______ exercised in the pursuit of ______.

The basis of competition is freedom of exercised in the pursuit of .