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Fittoniya [83]
2 years ago
14

Describe 'the market place' ​

Business
1 answer:
LuckyWell [14K]2 years ago
8 0
A marketplace is any location, whether in person or online, that facilitates the exchange of goods between buyers and sellers. A marketplace business model differs from that of a retail store, because transactions happen in both directions, not just one.
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If the fixed costs for a product decrease and the variable costs (as a percentage of sales dollars) decrease, what will be the e
il63 [147K]

Answer:

Option (b) is correct.

Explanation:

Contribution margin ratio is the difference between the selling price of the product and the variable cost of the product.

Contribution margin ratio = Selling price - Variable cost

Now, if there is a decrease in the fixed costs and variable costs of the product then as a result contribution margin ratio increases because of the fall in variable cost.

Break even point = (Fixed expense ÷ Contribution margin ratio)

If there is an increase in the contribution margin ration and a reduction in the fixed expense then as a result break even point decreases.

Increased; Decreased

7 0
3 years ago
What elements of the marketplace in which megatech operates led the firm to believe that project management would improve its op
Mariana [72]

   International competitors suddenly appear in greater numbers as a result of the mentioned changes in trade agreements, Megatech now needs to contend with more and new competitors.

<h3>In terms of the marketplace there are three primary types of companies?</h3>

There are three main categories of businesses in the market

international businesses, multinational businesses, and transnational businesses.

International businesses only import and export; they do not have any investments abroad.

        Although multinational corporations have offices or facilities in several different nations, each one operates independently, basically as a separate legal entity.

Organizationally, multinational corporations are far more complex. It is a commercial enterprise that runs big facilities, conducts business internationally, and does not identify with any particular nation as its national home. A multinational company's ability to maintain a higher level of responsiveness to the local market is one of its key advantages.

To know more about Marketplace, visit

brainly.com/question/14887488

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3 0
1 year ago
When you are in a conflict that you are not passionate about, it is seen as gracious to sometimes ______. a. Fight for your side
Hunter-Best [27]

Answer:

B) Step aside and let the other person prevail

Explanation:

I took it on Edgenuity

7 0
3 years ago
Select the correct answer.
PolarNik [594]

Answer:

Elena wants to open a Chinese restaurant near a university. She has the required capital to start her restaurant. However, she is unable to find  

good chefs for her restaurant. Which type of resource is Elena lacking?  

Elena is lacking Labor resource.  

Explanation:  

The Labor resource is the term related with the people needed for running the operation of a business. In this case Elena has the need for the chefs that will help you with the elaboration of the dishes that she wants to offer.  

A business usually needs the following type of resources: labor, capital and land.  

As we said previously Labor is the resource related to people.  

Land is the resource related to the physical space where you want to set up your business. e.g store, online site, offices, building and so on.  

Capital is the resource related to the money or financial investment needed to cover the initial launching costs.  

7 0
3 years ago
What is the mathematical formula that you would use to describe the financial activity on a bank statement?.
Grace [21]

Ending Balance = Previous Balance + Deposits - Withdrawals is the mathematical formula that you would use to describe the financial activity on a bank statement.

In the Given Formula, the Previous Balance is the amount of money that you had in your bank account on the first date of the bank statement.

The term "Deposits" will include all the money that was deposited into your bank account. The term "Withdrawal" will include all the money that was taken out or withdrawn from your bank account.

At the end of the bank statement, the ending balance is shown which will include the previous balance and the difference between deposits and withdrawals.

If you need more information about deposits, click here:

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4 0
2 years ago
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