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soldier1979 [14.2K]
2 years ago
15

In a competitive market, the price of a product: ___________

Business
1 answer:
solniwko [45]2 years ago
7 0

Competition exists in the market and the price of the product is determined by sellers and the quantity of the product produced is determined by buyers.

<h3>What is a competitive market?</h3>

A competitive market is a market where many producers compete with each other with the aim to provide goods and services.

The sellers determines how much a product cost.

Therefore, the price of the product is determined by sellers and the quantity of the product produced is determined by buyers.

Learn more on competitive market here

brainly.com/question/24781573

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"Clauss Company transfers out 14,000 units and has 2,000 units of ending work in process that are 25% complete. Materials are en
diamong [38]

Answer:

a. $112,000

b.    $7,500

Explanation:

(a) transferred out

Units transferred out are 100% complete for both materials and conversion costs, thus multiply the Total Cost per Equivalent units with the number of units transferred.

Cost of units transferred out = $8 × 14,000 units

                                               = $112,000

(b) in ending work in process

Units of ending work in process are 100% complete in terms of materials ( since materials are entered at the beginning of the process) whilst 25% complete in terms on conversion cost (applied uniformly during production).

Cost of ending work in process

Materials ($3 × 2,000 units)                  = $6,000

Conversion ($3 × (2,000 units × 25%)) =  $1,500

Total Cost                                               = $7,500

6 0
4 years ago
select all that apply what are important characteristics of a market segment? multiple select question. capturable large accessi
Stells [14]

Characteristics of a market segment are capturable, large, accessible, actionable, and definable.

By identifying variances in the response characteristics of various areas of the market, market segmentation is a technique for getting the most market response out of initial marketing resources. Market segmentation is, in this sense, the divide-and-conquer tactic, or the division of the market in order to subdue it.

Market segmentation enables marketers to focus more intently on customer selection and provide the right marketing mix for each selected segment or group of customers with a similar demand. Every division or sector has the option of being chosen as a market target to be attained using a certain marketing strategy.

To know more about Market segmentation

brainly.com/question/27993208

#SPJ4

6 0
2 years ago
Limon, an agent for mindwonder games llc, executes an unauthorized contract with now marketing, inc. the deal is highly advantag
anygoal [31]

The contract in the scenario is considered to be valid even if the contract is unauthorized because both of the parties have agreed on the contract and therefore, it is considered to be valid and made use of even if there is no authorized personnel involved.

6 0
3 years ago
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Dixie, a driver for Express Delivery Company, leaves the truck's motor running in neutral and carelessly forgets to set the park
Butoxors [25]

Answer:

To recover on the ground of negligence, Fazio must show that Express Delivery owed him a duty of care, that Express Delivery (through Dixie) breached that duty, that Fazio was injured, and that Express Delivery's breach caused that injury.

Explanation:

There is no question that in operating the truck, Dixie was acting on Express Delivery's behalf and that her actions breached the duty of reasonable care necessary to park the truck.

6 0
4 years ago
Rhonda received a voice message marked "urgent," but due to the poor quality of her phone's speakers, she was not able to unders
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I think the answer is A
Hope this helps have a great night!
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4 years ago
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