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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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The degree to which a specific finding can be applied to a broader group or population is __________.
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The correct answer to this is either generalizing or generalizabilty. Both mean the same and can be used interchangeably. It is basically an ability to generalize something based on a specific finding. It's not only on a broader group though, as it can also be done for its impact on natural environments based on a smaller finding.
7 0
3 years ago
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Speedy Package is California's largest express transportation company. In addition to the largest fleet of all-cargo aircraft in
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Answer:

Date    General Journal                         Debit       Credit

            Cash                                         $15,400

            Accumulated Depreciation    $39,600

                    Equipment - Delivery truck              $55,000

           (Assuming the truck was sold for $15,400 cash)

            Cash                                         $16,500

            Accumulated Depreciation     $39,600

                     Gain on sale                                      $1,100

                     Equipment - Delivery truck              $55,000

            (Assuming the truck was sold for $16,500 cash)

            Cash                                          $12,700

            Accumulated Depreciation      $39,600

            Loss on sale                              $2,700

                      Equipment - Delivery truck               $55,000

             (Assuming the truck was sold for $12,700 cash)

4 0
2 years ago
Okay is it just me or is anyone else getting so many exams and redos right now
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Answer:

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8 0
3 years ago
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The work in process is basically refers to the work in the progress that helps in process the production of the products and the services.

The work in process is basically refers to the process inventory system that helps in managing the accounting period and also the cost is basically assigned for the inventory valuation.

According to the given question, the work in process is supported by the cost ledger that manages all the services with the client in the company. Therefore, Work in process is the correct answer.

 Therefore, Work in process is the correct answer.

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