Which best describes interest?
a. Interest is another word for the cash and rewards you get from using certain credit cards.
b. Interest is a method by which you can compare the cost of comparable purchases.
c. Interest is the cost associated with using credit and it ultimately makes any purchase made using credit more expensive than the same purchase made with
cash
d. Interest is the fee associated with using more credit than the limit on your credit card.
Answers
Answer:
c. Interest is the cost associated with using credit and it ultimately makes any purchase made using credit more expensive than the same purchase made with cash.
Explanation:
Interest is the cost of borrowing money. It is the added amount paid over and above the principal amount. Goods and services purchase on credit will end up costing more than when bought cash.
Interest also represents the risk of lending money. Lenders make money by charging interest on credit extended. It means borrowers pay more than the amount borrowed.
Interest is expressed as a percentage. The higher the percentage, the more expensive is the credit facility.
Related Questions
Rising interest rates have made borrowing more costly to consumers. As a result
of the most recent increase in interest rates, borrowing and consumption have
fallen throughout the economy, triggering a contractionary period. Growing
uneasy, citizens have been asking Congress to make an official statement as to
how long this contractionary period is expected to last. Which of the following is
an appropriate response?
Answers
Answer:
it depends on the measures taken to ensure that economy is stable.
Answer:
1. it is difficult to say since contractionary periods have varying lengths in different business cycles.
2. shock
3. high unemployment
4. two
5. expansion stage of the business cycle
Explanation:
just took it
Which of these is considered the highest level of management?
A. Supervisor
B. Team member
C. Executive
D. Middle manager
Answers
C. The Executive. Hope that helps...
The Executive is considered the highest level of management. Option C is correct.
What is the management?Management may be described as the process of completing the job or activity necessary to achieve an organization's goals in an efficient and effective manner.
The process implies the management functions. This includes organizing, planning, staffing, directing, and controlling. A manager's responsibility is to offer common guidance and direction to individual efforts to achieve organizational goals.
Management contributes to increased corporate efficiency by increasing productivity via effective planning, organizing, controlling, and directing.
Therefore, option A is correct that The Executive is the most senior level of management.
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There are three clues labeled "daily double" on the game show Jeopardy. If three equally matched contenders play, what is the probability that: a. A single contestant finds all three "daily doubles"? b. The returning champion gets all three of the "daily doubles"? c. Each of the players selects precisely one of the "daily doubles"?
Answers
Answer:
a) 0.0358
b) 0.0395
c) 0.1506
Explanation:
Number of clues "daily doubles" = 3
Determine the probabilities
a) P(single contestant finds all three )
assuming event A= a returning champion gets the "daily double" in first trial
P(A) = 1/30 , P(~A) = 29/30
assuming event B = any player picks up "daily double" after the first move
P(B |~A ) = 1/3
hence : P ( B and ~A ) = 29/30 * 1/3 = 29/90
considering second round
P(player chooses both daily doubles ) = 1/3 * 1/3 = 1/9
∴ P(single contestant finds all three ) = 29/90 * 1/9 = 0.0358
B) P ( returning champion gets all three )
= (1/30 + 29/90 )* 1/9
= 32 / 810 = 0.0395
c) P ( each player selects only one )
P = 32/405 + 29/405
= 61 / 405 = 0.1506
Sam and Christine both run their own lawn care businesses. Sam can mow a lawn in 30 minutes and trim a lawn in 20 minutes: Christine can mow a lawn in 20 minutes and trim a lawn in 20 minutes
Who has absolute and comparative advantage in trimming lawns?
А
Sam has comparative advantage in trimming lawns; no one has absolute advantage in trimming lawns.
B
Christine has comparative advantage in trimming lawns; no one has absolute advantage in trimming lawns.
С
Christine has absolute and comparative advantage in trimming lawns.
D
Sam has absolute and comparative advantage in trimming lawns.
Answers
Sam and Christine are both in the lawn care business, with their own lawns and customers.Christine has absolute and comparative advantage in trimming lawns.
Sam can mow a lawn in 30 minutes and trim a lawn in 20 minutes, while Christine can mow a lawn in 20 minutes and trim a lawn in 20 minutes. The key to this problem is to know how to convert minutes into hours. Once you have converted the time into hours, it's easy to figure out who has the faster work time. You may use these terms while writing the answer:Time, Minutes, Lawn care, Mowing, Trimming, Business, Speed.Conversion: Sam mows a lawn in 30 minutes, so in one hour, he can mow two lawns. To convert 30 minutes into hours, we divide 30 by 60, which is equal to 0.5 hours. Sam can mow 2 lawns per hour, which means he can mow 1 lawn in 0.5 hours and trim 1 lawn in 0.33 hours.Christine mows a lawn in 20 minutes, so in one hour, she can mow three lawns. To convert 20 minutes into hours, we divide 20 by 60, which is equal to 0.33 hours. Christine can mow 3 lawns per hour, which means she can mow 1 lawn in 0.33 hours and trim 1 lawn in 0.33 hours.Summary: Sam can mow and trim one lawn in 0.83 hours (0.5 + 0.33), while Christine can do it in 0.67 hours (0.33 + 0.33). Therefore, Christine is faster than Sam at lawn care. Christine can do the work in 0.67 hours, while Sam can do it in 0.83 hours.
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If $125 is invested at an interest rate of 18% per year and is compounded continuously, how much will the investment be worth in 2 years? Use the continuous compound interest formula A = Pert. $122 $162 $179 $457.
Answers
The correct statement is that if an amount of $125 is invested for compounded interest of 18%, then such amount will become $179 in 2 years. So, the correct option is C.
The calculation of compound interest can be done by using the formula for compounded annuity and assuming that the amount is compounded daily.
Calculation of Compounded AnnuityThe formula for calculation of compounded annuity is as follows,
\(\rm Compounded\ Annuity = P(1+ \dfrac{r}{100})^n^t\)
Now putting the given values in the formula above, we get,
\(\rm Compounded\ Annuity = 125(1+0.18)^3^6^5^x ^2\\\\\rm Compounded\ Annuity =125\ x\ 1.432\\\\\rm Compounded\ Annuity = \$179.15\)
So, the value of the annuity becomes $179.15 in two years.
Hence, the correct option is C that the amount of $125 is invested for compounded interest of 18%, then such amount will become $179 in 2 years.
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The management of a chain of restaurants is replacing some menu items. Which economic question are they focusing on?.
Answers
The economic question that management of chain restaurants is focusing on when they replace some menu items is what to produce. Hence, the correct option is (A).
What Are The Three Main Economic Questions?In the modern economy, there are several main questions that entrepreneurs must find solutions to for their businesses to run well. The questions are what to produce, how to produce it, and for whom should we produce it. The economic question answered by the restaurant in question is what to produce, where the restaurant is trying to replace existing food with new food. The main objective of this innovation is to create more attractiveness so that consumers become more interested in visiting the restaurant.
The question is incomplete, but most probably your question was:
The economic question that management of chain restaurants is focusing on when they replace some menu items is
A. What to produce
B. How to produce
C. For whom should we produce
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1. Explain the computation of the monetary multiplier.
Answers
Explain the following quote "The rich rule over the poor, and the borrower is slave to the lender."
Answers
Answer:
When Dave was confronted with this Scripture, he had to really consider who was right his broke finance professor, who taught that debt is a tool, or God, who never has anything good to say about debt.
Explanation:
Answer:
When people get into debt, they start living their life just to pay off the debt. This means that all they are doing is working for their lender. The rich often rule over the poor becuase they have more influence and are therefore able to make decisions for the rest of the world population
The regulation of marriages and payments for personal injuries is covered by______
Criminal law
Appellate law
Legislative law
civil law
Answers
The regulation of marriages and payments for personal injuries is covered by civil law, a branch of law concerned with private rights.
The regulation of marriages and payments for personal injuries is covered by civil law. Civil law is the set of rules governing disputes between individuals or organizations that arise from private legal relationships such as marriage or personal injury. Civil law is a branch of law that deals with legal disputes between private parties, rather than criminal law, which deals with disputes between individuals and the state.Civil law can be divided into several different categories, including contract law, tort law, family law, property law, and commercial law. Each category has its own set of rules and regulations that govern how legal disputes should be handled. For example, family law governs issues such as marriage, divorce, child custody, and adoption, while contract law governs issues related to contracts between individuals or organizations.The primary goal of civil law is to provide a fair and equitable resolution to legal disputes between private parties. It aims to protect the rights and interests of individuals and organizations and ensure that justice is served.For more such questions on Civil law:
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A firm relies on a wide variety of vendors to make and distribute its products. Manufacturers buy raw materials from suppliers, use shipping companies to transport finished goods to multiple locations, and establish relationships with the retailers who sell them to consumers. Put all these businesses together, and you have a supply chain
Answers
A firm relies on a wide variety of vendors to make and distribute its products. Manufacturers buy raw materials from suppliers, use shipping companies to transport finished goods to multiple locations, and establish relationships with the retailers who sell them to consumers. Put all these businesses together, and you have a supply chain.
A supply chain is a complex network of organizations that work together to produce and deliver products and services to end-users. It includes the raw material suppliers, manufacturers, transportation providers, warehouses, distributors, retailers, and ultimately the customers. The supply chain is critical for businesses to operate effectively, as it ensures that the right goods are available in the right place, at the right time, and at the right price.
Manufacturers rely on suppliers to provide them with the raw materials and components needed to make their products. They may also partner with third-party logistics companies to manage transportation and warehousing of finished goods. Retailers then purchase these finished goods from manufacturers and sell them to consumers. In some cases, manufacturers may also sell directly to consumers through e-commerce platforms.
Effective supply chain management requires strong communication and collaboration between all parties involved, as well as advanced planning and forecasting to ensure that there is sufficient supply to meet demand. By optimizing the supply chain, businesses can improve efficiency, reduce costs, and provide better service to customers.
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Factors that will affect a person's real wages
Answers
Answer:
The growth in the business and the amount of work given to the person and also the number of hours he/she works
How do you write a business pitch???
Answers
Answer:
A business pitch is a presentation by one or more people to an investor or group of investors.
Explanation:
have a nice day! hope this helps!
The best business pitch gets to the heart of the matter quickly in order to keep investors from losing interest or worse yet, thinking there's no point to the presentation. Get to the meat of the pitch as soon as possible; if investors don't understand the idea right away, they'll think customers won’t understand it either.
You may want to consider starting with an elevator pitch, so named because it should be short enough to deliver during a brief elevator ride. It can introduce your business pitch and is handy if you stumble across a brief opportunity to sell your idea to a potential investor (for instance, if you find yourself riding to the tenth floor with the likes of Bill Gates). An elevator pitch is a concise and carefully planned description of your company or idea that can be quickly and easily understood. In a longer business pitch, the elevator pitch can be used as the hook: a line or two in your business writing that captures the attention of potential investors.
Once you've started off your business pitch with a brief overview of your business idea, it’s time to flesh out the details. You want to get across the reasons investors should to buy in; for example, what benefits will investors receive if they provide the necessary capital? Your business pitch might include the following:
It is important to do your research. You must know your product, audience, and competitors well and should be prepared to answer any questions potential investors may have. It is important to ensure you are pitching your idea to the right people. Research potential investors and ensure your pitch idea is well-matched to their interests.
While your overall idea is the most important part of your business pitch, make sure to polish the details: be sure your numbers are correct and have evidence to validate any claims you make. Use powerful, convincing words and avoid using superlatives or hyperbole; and, of course, edit your pitch to ensure you have used proper grammar, spelling, and punctuation! You want potential investors to judge your business pitch based on merit rather than surface errors..l
Lindsay is a personal trainer who works with athletes to get them ready for their events. She helps them learn how to strengthen their muscles and keep their bodies in prime condition so that they will perform at their best. The pathway in the Education and Training cluster that Lindsay’s career falls into is _____.
Answers
Answer: Fitness trainer
Explanation:
A fitness trainer is an individual who is responsible for the sole purpose of training individuals on how they can keep their body in fit condition, either for competition reasons, for their health sake or a personal decision by them. Most fitness trainer are paid and they are professionals who have undergone training either by education or have been taught by someone to carry out such practise
Answer:
C. Professionals Support Services
Explanation:
Akie and her classmates visited the Wildcat Cattle Farm in Best county as part of a food sanitation course. is agreat field trip that included petting the baby calves and touring the slaughter house, with an Iucational talk about the importance of sanitation. The topics included controlling time and temperature, arsonal hygiene, preventing cross contamination and purchasing from approved, reputable suppliers. fterwards, the students had a choice of a a hamburger or a chef salad at the Wildcat Farm to Table Cafe. letween one and ten davs, all 100 students missed class for three weeks because they were home with bdominal cramps and diarrhea and still had the bacteria in their feces weeks after symptoms had ended. Several students ended up in the hospital with bloody diarriea but no one died. Authorities were called and the Wildcat Farm to Table Cafe was closed for a month because all the food handlers were diagnosed with an illiness. In the textbox 1. Define afoodborne-illness outbreak, (5 points) 2. Ust the bacterial culprit that made everyone ill.(5 points) 3. Whowas responsible for ensuring food sanitation standards were followed? (5 points) 5. What preventative measures could have prevented the foodborne-illness outbreak? Please be specific. List five preventative measures, (5e 5 points each =25 points) 6. According to your book, what are the five most common food handling mistakes, or risk factors that causea foodborne illiness? (5 \& 2 points each = 10 points)
Answers
A foodborne illness outbreak occurred after a visit to Wildcat Cattle Farm, caused by unknown bacteria. Food sanitation standards were not followed, leading to contamination.
1. A foodborne illness outbreak is defined as a situation where two or more people experience a similar illness after consuming the same contaminated food or drink.
2. The bacterial culprit that made everyone ill in this scenario is not mentioned explicitly, but based on the symptoms described (abdominal cramps, diarrhea, bloody diarrhea), one possible bacterial culprit could be Escherichia coli (E. coli), specifically the strain known as E. coli O157:H7. This strain is known to cause severe gastrointestinal symptoms.
3. The responsibility for ensuring food sanitation standards were followed lies with multiple parties:
- The management and owners of the Wildcat Cattle Farm and the Wildcat Farm to Table Cafe are responsible for maintaining food safety protocols and training their staff in proper food handling and sanitation practices.
- The food handlers employed at the cafe are responsible for following proper food handling and sanitation procedures.
- Local health authorities and regulatory bodies are responsible for enforcing food safety regulations and conducting regular inspections to ensure compliance.
4. Preventative measures that could have prevented the foodborne illness outbreak include:
- Implementing a Hazard Analysis and Critical Control Points (HACCP) system, which involves identifying potential hazards in the food production process and implementing control measures at critical points to minimize the risk of contamination.
- Conducting regular training and education programs for food handlers on proper hygiene practices, including handwashing, proper glove usage, and avoiding cross-contamination.
- Ensuring proper temperature control throughout the food production and storage process, including monitoring and recording temperatures, maintaining cold chain integrity, and cooking foods to appropriate temperatures.
- Conducting regular inspections and audits of suppliers to ensure they meet approved and reputable standards for food safety.
- Implementing effective cleaning and sanitizing procedures for all food preparation surfaces, equipment, and utensils.
5. The five most common food handling mistakes or risk factors that can cause foodborne illness, according to general guidelines, are:
- Poor personal hygiene practices: This includes not washing hands properly before handling food, not using gloves when necessary, and working while ill.
- Cross-contamination: This occurs when bacteria from raw foods, especially raw meat or poultry, come into contact with ready-to-eat foods, surfaces, or utensils.
- Improper temperature control: This includes not storing food at proper temperatures (e.g., keeping perishable foods in the "danger zone" between 40°F and 140°F), inadequate cooking temperatures, and improper cooling or reheating practices.
- Contaminated equipment and utensils: This can happen when equipment and utensils are not properly cleaned and sanitized, allowing bacteria to multiply and transfer to food.
- Poor food storage practices: This includes storing food in unsanitary or unsafe conditions, such as storing raw and ready-to-eat foods together, using expired or spoiled ingredients, or failing to rotate stock properly to prevent the growth of pathogens.
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klljhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
Answers
Answer:
lalalaallalalaaaaaaa
Explanation:
Answer:
KLLJHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHOPE THIS HELPS ......
When property rights are well defined and markets are: competitive market equilibrium violates the conditions for economic efficiency.market equilibrium is consistent with economic efficiency.conditions necessary for economic efficiency no longer apply.quantity supplied will rarely equal the quantity demanded.
Answers
Complete Question:
When property rights are well defined and markets are competitive, the
Group of answer choices:
a. market equilibrium violates the conditions for economic efficiency.
b. market equilibrium is consistent with economic efficiency.
c. conditions necessary for economic efficiency no longer apply.
d. quantity supplied will rarely equal the quantity demanded.
Answer:
b. market equilibrium is consistent with economic efficiency.
Explanation:
A property right is the exclusive or sole authority which determines the legal ownership of resources and how these resources are to be used, whether by individuals or government.
Also, a competitive market is a type of market that comprises of numerous producers who compete with each other so as to satisfy or meet the material needs and wants of consumers at a specific period of time.
Hence, when property rights are well defined and markets are competitive, the market equilibrium is consistent with economic efficiency.
This ultimately implies that, when the ownership of resources are well defined and markets are competitive, all benefits from trade between the consumers and producers of goods and services has been maximized, and each units creating more benefit to the consumers than cost have been produced in the economy.
Jorge has a monthly gross income of $3,500, and his monthly debt payments are: $325 car payment, $290 student loan payment, $930 mortgage payment, and $400 credit card payment. what is his total debt-to-income ratio rounded to the nearest percent?
Answers
Answer:
18%
Explanation:
56% is his total debt-to-income ratio rounded to the nearest percent. Thus, option A is correct.
What is debt?
Debt may be defined as the sum that the borrower owes the lender. A debt is an amount of money that has been borrowed over a certain time frame and must be repaid, plus interest. The borrower's way and the effect that affects both the debt's size and its acceptance. A debt trap occurs when a borrower is driven to take out more loans in order to pay off previous ones. A debt trap happens when financial responsibilities outweigh a person's ability to repay loans.
Total debt payment can be termed as the sum of all debt payment
= 325 +290 +930 +400
= 1945
Debt-to-income ratio formula will be termed as
= total debt payment/income
= 1945/3500
= 56%
Therefore, option A is the correct option.
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The question is incomplete, the complete question will be:
Jorge has a monthly gross income of $3,500, and his monthly debt payments are $325 car payment, $290 student loan payment, $930 mortgage payment, and $400 credit card payment. What is his total debt-to income ratio rounded to the nearest percent?
56%
43%
18%
31%
are these the right key words for the definitions?
Answers
Answer:
yes because the definition match the words given
All of the following statements are true of the government regulation of sole proprietorships EXCEPT?
a. many government regulations apply only to businesses that have a certain number of employees.
b. securities laws apply only to corporations that issue stock.
c. sole proprietorships must obey employee and consumer regulations.
d. sole proprietorships have the most freedom from government regulations.
e. sole proprietors must follow all laws, including, federal, state, and local regulations: securities laws; and employee and consumer protection regulation
Answers
The false statement about government regulation of sole proprietorships is sole proprietors must follow all laws, including, federal, state, and local regulations. (Option E).
What is Sole Proprietorship?A sole proprietorship is a type of business where the owner and the business entity are one and the same, and there is no legal distinction between them. It is also known as a proprietorship, lone tradership, or solo entrepreneurship. A solo proprietor is not required to work alone and may employ staff members.
And finally, a sole proprietor is a person who operates an unincorporated business by themselves. However, if a domestic limited liability company (LLC) is treated as a corporation and you are its only member, you are not regarded as the firm's sole owner.
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In the short run, some costs are fixed and the rest are variable. A firm will continue production only so long as it can cover at least its – costs. Therefore, production will only occur when price, and therefore marginal revenue, – average variable cost. Where that condition is met, the marginal cost curve – the short-run supply curve, because it is only along this line that marginal cost equals marginal revenue.
Answers
A firm will continue production only so long as it can cover at least its variable costs.
What is a variable cost and an illustration?Variable costs are those that alter as the volume changes. Raw materials, piece-rate labor, production supplies, commissions, shipping expenses, packing costs, and credit card fees are a few examples of variable costs. The "Cost of Goods Sold" is the name given to the variable costs of production in some accounting statements.
What is the purpose of variable cost?Management frequently uses variable costing to support a range of decisions. For instance, a breakeven analysis could be used to determine the sales level at which a company is profitable at all. Another option is to employ it to determine the lowest price at which a good can be offered for sale.
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depending on the characteristics of the fund, which of the following could be reported as a trust fund or a custodial fund? group of answer choices special assessment fund. other postemployment benefit fund. investment fund. pass-through fund.
Answers
The answer is that both a trust fund and a cus-todial fund can be used depending on the characteristics of the fund.
A special assessment fund can be reported as either a trust fund or a cus-todial fund, depending on whether the resources are restricted to a specific purpose or not. Another post-employment benefit fund is typically reported as a trust fund because it is created to provide benefits to employees, retirees, or their beneficiaries. An investment fund is not typically reported as either a trust fund or a cus-todial fund because it is used to generate income or capital appreciation for the government's general operations. A pass-through fund can be reported as either a trust fund or a cust-odial fund, depending on whether the government has a fiduciary responsibility to the fund's beneficiaries.
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14-1 changes in sales cause changes in profits. would the profit change associated with sales changes be larger or smaller if a firm increased its operating leverage? explain your answer.
Answers
If a firm increased its operating leverage, then the changes in profits associated with the changes in sales will be larger
Operating leverage measures the degree to which a firm can increase operating income by increasing revenue. A firm that has high sales and low variable costs has high operating leverage since the firm will have more fixed costs, which are costs that do not change, to variable costs, costs that change. If costs are fixed they will not increase as much as sales, resulting in a large change in profits.
A firm can make more money from each increased sale if they don't have to increase costs to produce more sales.
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requiring the mail clerk to prepare a listing of all checks received, with copies of the list going to the cashier and to accounting, is an example of which type of control?
Answers
Requiring the mail clerk to prepare a listing of all checks received, with copies of the list going to the cashier and to accounting, is an example of Preventive Control
Preventive controls are made to search for any blunders or anomalies. The reason for remedial methods is to wipe out mistakes or irregularities that were found. Oppositely, preparatory controls are expected to stop blemishes and oddities before they start.
Limiting the utilization of frivolous money reserves is basically preventive.Prior to adding to the exceptional asset, accommodate it is Criminal investigator.Requesting two marks on makes sure that surpass a specific limit is fundamentally preventive.On bookkeeping, introduce concealing banners or review reports is Analyst.Autonomously survey Visa charging proclamations and related administrative work every month to check whether buys are sensible is Analyst.confining the quantity of representatives with admittance to the key and store checks in a got box or cabinet is basically preventive.Day to day documenting of budget summaries is restorative control.Know more about Preventive Controls - https://brainly.com/question/29909797
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If a promise is made without consideration, it can never be enforced. T/F.
Answers
True. A promise made without consideration can never be enforced.
Consideration refers to something of value that is exchanged between the parties to a contract. It is an essential element of a contract, and it is what distinguishes a contract from a mere promise. Consideration can take many forms, such as money, property, or services. The idea behind consideration is that each party is giving something up in exchange for something else. If one party makes a promise without receiving anything in return, there is no consideration, and therefore no contract.
For example, if a person promises to give another person $100 as a gift, there is no consideration, and the promise cannot be enforced. However, if the person promises to give $100 in exchange for the other person mowing their lawn, there is consideration, and the promise can be enforced. In conclusion, a promise made without consideration is not legally binding, and therefore cannot be enforced by law.
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How do the elements of the marketing mix work together to help create a
marketing strategy?
Answers
Answer:
The marketing mix refers to the actions a company takes to market its product(s) and/or service(s). Typically, it acts as a framework for breaking down the four key components of marketing — product, price, place, and promotion.
Explanation:
(a) an increase in the minimum wage by $2.00 an hour to $10.00 an hour would result in in the number of people looking for jobs. (b) the quantity of labor demanded would . (c) overall, this increase in the minimum wage would result in in the labor market.
Answers
(a) An increase in the minimum wage by $2.00 an hour to $10.00 an hour would result in a decrease in the number of people looking for jobs. This is because when the cost of labor increases, the number of people businesses are willing to hire will decrease.
Additionally, the increase in wages may encourage some current employees to work less in order to receive the same salary.
(b) The quantity of labor demanded would decrease. This is because businesses will have less incentive to hire when labor is more expensive. As a result, the number of jobs available would decrease, leading to fewer people in the labor force.
(c) Overall, this increase in the minimum wage would result in a decrease in the supply of labor in the labor market. As businesses have less incentive to hire, fewer jobs will be available for people looking for employment. This could lead to higher unemployment rates and fewer people working.
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which of the following describes an oligopoly?
a. eight to ten firms producing 90% of the output
b. eight to ten firms producing 60 to 70% of the output
c. four firms producing 70 to 80% of output
d. one firm producing 95% of the output
Answers
An oligopoly is a market structure characterized by a small number of firms that dominate the industry. Among the options provided, the answer would be c. four firms producing 70 to 80% of output.
This is because an oligopoly typically involves a small number of firms, and four firms producing 70 to 80% of the output fits this description. Option a suggests a higher level of concentration, while option b suggests a lower level. Option d describes a monopoly, where only one firm produces the majority of the output.
In an oligopoly, the firms have significant market power and can influence prices and output levels. This can lead to competition among the firms, but also potential collusion to maintain their market dominance.
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outline four duties of an office messenger
Answers
Answer:
The duties of an office messenger are summarized throughout the below segment.
Explanation:
His tasks predominantly include the passage as well as the collection of documents across units of the company or an organization.Any basic everyday tasks may be requested to encourage and support him in the file, make copies, and print documentation.Throughout the lower socio-economic frame seems to be in a position he has to be professional as well as respectful.______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answers
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
What type of business sells to the end consumer
Answers
Answer:
business-to- consumer (B2C)
Explanation:
Commerce is a business model which typically involves the buying and selling of goods or products at a given price.
Generally, commerce comprises of four (4) business models and these are;
1. Business to Business (B2B).
2. Consumer to Consumer (C2C).
3. Business to Government (B2G).
4. Business to Consumer (B2C).
A Business to Consumer (B2C) can be defined as a market which typically involves businesses selling their goods and services directly to the end consumers for their personal use.
Hence, the type of business that sells to the end consumer is known as business-to- consumer (B2C).
Some examples of companies that engage in the Business to Consumer (B2C) business model are; Amazon, Goo-gle, Walmart, Alibaba, Uber, LinkedIn, etc.