In the long run, profits will equal zero in a competitive market because of identical products being produced by all firms.
In a perfectly competitive market, firms can only experience profits or losses in the short run. In the long run, profits and losses are eliminated because an infinite number of firms are producing infinitely divisible, and identical products.
Firms in a perfectly competitive world earn zero profit in the long-run. While firms can earn accounting profits in the long-run, they cannot earn economic profits. Thus, only excess profits are wiped out by competition.
Hence, the answer was given and explained above.
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The unintentional misstatement or nondisclosure of a material fact made by one party with the hope of influencing the other party amounts to:________
The correct answer of the question is Fraud.
The unintentional misstatement or nondisclosure of a material fact made by one party with the hope of influencing the other party amounts to: Fraud.
What is Fraud?It is a form of deception or an unlawful gain.It is an intentional form of deception that can have various criminal consequences. There are various kinds of frauds like bank fraud, insurance fraud etc..It is committed with the intention of gaining an unauthorized benefit. it can occur in various domains like finance, real estate, insurance etc. Usually a fraud can lead the person to have legal consequences and the victim can sue the person or organization which was involved with the crime.To learn more about fraud visit: https://brainly.com/question/20357860
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Primary data can be collected in several ways. installing cameras in a retail store to unobtrusively record shopping behavior is an example of?
Primary data can be collected in several ways. installing cameras in a retail store to unobtrusively record shopping behavior is an example of observational research.
A camera is an optical device that captures visual images. Basically, a camera is a sealed box with tiny holes that let light pass through and capture an image on a photosensitive surface. Cameras have various mechanisms that control how light hits the photosensitive surface.
camera, in photography, a device that records an image of an object on a light-sensitive surface. It is essentially a blackout box with an opening to let in focused light onto an intensified film or plate. 35mm single-lens reflex (SLR) camera.
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Which best describes the foundational assumptions of taylorism, also known as scientific management?
The foundational assumptions of Taylorism as a scientific management is best described as management of workers effectively and need to pay attention to psychological and social conditions, not just technical conditions.
What is taylorism in scientific management?The principle of Taylorism was developed by Frederick Taylor who desired to obtain the most efficient practices in the workforce as a mechanic manager.
The idea of Taylorism is scientific management process that involves dividing the specific tasks in a firm to allow employees to complete assignments as efficiently as possible.
Hence, the foundational assumptions of Taylorism as a scientific management is best described as management of workers effectively and need to pay attention to psychological and social conditions, not just technical conditions.
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An example of a type of company with high fixed costs is a(n):_________
a. fast-food restaurant.
b. retail shop.
c. public accounting firm.
d. airline manufacturer.
Company with high fixed costs is a(n):is called public accounting firm.
Groups are normally into personal and public. personal companies or personal constrained businesses are the ones.
Corporations which are carefully-held and have much less than 2 hundred shareholders. Public groups are restrained corporations which have more than 200 shareholders and are indexed on a stock change.
Fast-food restaurant few employee are there, retail shop few very few employee and limited consumers, airline manufacturer few private of public employee.
There are 4 essential forms of commercial enterprise organization: sole proprietorship, partnership, agency, and restrained legal responsibility agency, or LLC.
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Individuals who organize to influence the government’s programs and policies are called?
Answer: Interest groups
Explanation:
In an economy with ________, there are more prices than in an economy with ________.
In an economy with Barter, there are more prices than in an economy with Money.
A barter is a transaction in which two or more parties exchange products or services without exchanging cash or other forms of payment like credit cards. In its simplest form, bartering entails the exchange of one party's good or service for another party's good or service.
A carpenter who constructs a fence for a farmer is a straightforward illustration of a barter transaction. The farmer might compensate the carpenter with $1,000 worth of crops or groceries rather than paying the builder $1,000 in cash for labor and supplies.
Economists define money, where it comes from, and what its worth. Here are the multifaceted characteristics of money. A medium of exchange that is money, people would barter to obtain the goods and services they needed. Two individuals, each possessing some goods the other wanted, would enter into an agreement to trade.
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When marketing organizations’ resources (the 3ts) are scarce a(n) ""_______ targeting"" approach usually represent the best option.
When marketing organizations’ resources (the 3ts) are scarce a "" Undifferentiated targeting "" approach usually represent the best option.
What is Undifferentiated marketing?Undifferentiated marketing, also called mass marketing, is a strategy that entails creating one message for an entire audience. It helps businesses reach more people at a lower cost and improves brand recognition.
Pros of undifferentiated marketing :
cost-effective in the long run.no need for constant changes to content.greater reach.no in-depth market research necessary.improved brand recognition.Cons of undifferentiated marketing :
changes in your business environment can be triggered by changes in price, consumer preference, or inflation.it doesn’t bring many loyal customers.it is challenged by competitors focused on satisfying the needs of a smaller segment of your audience.Examples of Undifferentiated marketing:
Colgate.Coca-Cola.General Motors.Persil.M&M's.To sum it up, undifferentiated marketing is a strategy that fits companies that don’t segment their audience and address the entire target market by conveying one message to all people.
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A clause in a debt contract requiring that the borrower purchase insurance against loss of the asset financed with the loan is called a.
The right response is Option C which is Restrictive covenant.
Restrictive covenant.
Restrictive covenants are clauses that prevent, prohibit, restrict, or limit the actions of a person or entity named in a contract. Restrictive covenants are common in real estate transactions and apply to everything from the colors you can paint your house to how many tenants can live in a building.What is an example of a restrictive covenant?A restrictive covenant may include things that you can't do with your property, like raise livestock. A restrictive covenant will also include things that you must do, like mow your lawn regularly. The specific restrictive covenants you need to follow will vary depending on where you liveTo learn more about Restrictive covenant. click the links.
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Correct Question - A clause in a debt contract requiring that the borrower purchase insurance against loss of the asset financed with the loan is called a
A) collateral-insurance clause.
B) prescription covenant.
C) restrictive covenant.
D) proscription covenant.
What factors are used in the rule-of-thumb methods to determine the communication budget?.
The factors that are used in the rule-of-thumb methods to determine the communication budget is "Prior sales and communication activities".
What is rule-of-thumb method?The rule of thumb would be a cognitive guideline that offers basic guidelines or guidance that is distilled for a certain topic or course of action.
Some characteristics of rule-of-thumb are-
A general rule of thumb an unofficial practical guidance that offers streamlined rules that generally apply.Numerous financial rules of thumb provide advice on how much should be saved, how much should be paid for a home, where and how to invest, and other topics.Rules of thumb may not apply to your specific scenario because they not scientific and don't take into consideration the unique circumstances and demands of each individual.It is a fundamental principle that provides step-by-step guidelines for carrying out or handling a specific task.In contrast to scientific study or a theoretical underpinning, rules of thumb typically emerge through experience and practice.To know more about rule-of-thumb method, here
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The percentage of workers who left an organization and were replaced during a time period is called employee ________
The percentage of workers who left an organization and were replaced during a time period is called employee turnover.
Over a certain time period when the total number of workers who leave a company refers to employee turnover. Thus, it includes those employees who exit voluntarily as well as employees who are fired or laid off that is, involuntary turnover.
Especially the voluntary turnover impacts a company’s ability to achieve business objectives and is a key concern for the executives. The reasons employee leave may vary.
Hence, turnover can be from several different actions such as resignation, discharge, abandonment, or termination.
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A colorado real estate broker who does not maintain escrow accounts, but places funds of others solely with title insurance companies: is violating the license law. has direct control over access to the funds. is relieved of responsibility for the money. must have closing instructions signed by the buyer and seller and title company before turning over the earnest money.
A colorado real estate broker is violating the license law.
What is broker ?A broker is an independent entity whose services are often used in certain businesses. A broker's primary role is to connect sellers and buyers, and so a broker serves as a third-party intermediary between a buyer and a seller. A real estate or stock broker who assists the selling of a property is an example.
Brokers can provide market research and statistics. Brokers can represent either the buyer or the seller, but not both at the same time. Brokers are expected to have the tools and resources necessary to reach the greatest number of buyers and sellers. They then screen these prospective buyers or sellers to find the best fit.
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What resource is looked to be most helpful for finding information about the target market for the new chocolate bliss product?
Pricing is considered as one of the most important criteria for online shoppers while making their inal purchase decision
What is Pricing?Pricing is the process by which a company determines the price at which it will offer its products and services, and it may be part of the company's marketing strategy.
Pricing criteria indicate client or deal characteristics. Price administrators define the pricing criteria that will be used to determine their company's pricing strategy. When you define the pricing segments and pricing strategies, you utilize the values for the pricing criterion.
It is possible to barter. Buyers must decide whether the utility received from the transaction is worth the loss of purchasing power. In an open market economy, price symbolizes the worth of a good/service among potential purchasers and ensures competition among sellers.
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Suppose that tom bought a bike from helen for $195. if helen’s reservation price was $185, and tom's reservation price was $215, the seller’s surplus from this transaction was:_______.
The seller surplus was $10 from this transaction. The discrepancy between the price paid and a good's marginal value is known as the seller surplus.
Seller surplus plus consumer surplus represents the sum of the economic benefits to each market participant from participating in the production and trade of the good at a price. The producer surplus is equal to the entire revenue from sales of a producer's goods minus the marginal cost of production.
Market price that is higher than the lowest price that producers would normally be willing to pay for their goods results in a seller surplus. Only variable (marginal) costs are deducted from seller surplus.
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When a company chooses to harvest a particular strategic business unit, it ________.
When a company chooses to harvest a particular strategic business unit, it tries to maximize its short-term cash flow regardless of long-term concerns.
Strategic Business Unit: What is it?A profit center that prioritizes product offerings and market segments is known as a strategic business unit (SBU) in business strategic management. Despite being a component of a bigger company organization, SBUs often have a standalone marketing strategy, competitor analysis, and marketing campaign.
An SBU could be a division or branch of a bigger company, a business unto itself, or another type of business. Multiple SBUs that are each accountable for their own profitability can make up corporations. A company with this kind of organizational structure is General Electric (GE).
SBUs have control over the majority of the variables that determine their performance. They are accountable to a parent firm and run as distinct enterprises. GE operates 49 SBUs.
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The admin at universal containers is creating a new opportunity record type. which three options must be populated by the admin?
The three options that must be populated by the admin are:
1) sales process,
2) profile assignment,
3) page layout assignment
A sales procedure is hard and fast of repeatable steps that a shop clerk takes to take a prospective buyer from the early level of recognition to a closed sale. generally, an income manner consists of 5-7 steps: Prospecting, coaching, method, Presentation, dealing with objections, last, and compliance with-up.
The sales funnel, or purchasing funnel, is a consumer-focused advertising model that illustrates the theoretical patron adventure in the direction of the acquisition of a good or carrier.
A very good income procedure is never set in stone! It needs to be revised and adapted frequently, ensuring it reflects the present-day state of the market, your customers' changing needs, your team competencies, and your business specifics. It needs usually remains a work in progress.
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Uber’s expansion on the innovation front requires strategic planning by senior management. Once this planning has been completed, middle management would be responsible for implementing these plans through.
Once this planning has been completed, middle management would be responsible for implementing these plans through (B) tactical planning.
What is tactical planning?Tactical planning is a method that aids in the creation of short-term and distinct plans that aid in the fulfillment of a business's, organization's, or individual's long-term plans. Strategic planning assists businesses in determining and laying out a long-term plan based on corporate objectives.There are several components to tactical planning. For example, breaking down organizational goals that are longer than two or three years, and establishing a goal-oriented calendar with short-term targets, such as a target for the next three months or six months.Therefore, once this planning has been completed, middle management would be responsible for implementing these plans through (B) tactical planning.
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The complete question is given below:
Uber’s expansion on the innovation front requires strategic planning by senior management. Once this planning has been completed, middle management would be responsible for implementing these plans through
Multiple Choice:
(A) operational planning.
(B) tactical planning.
(C) operating.
(D) strategic control.
(E) action plans.
Simulated test markets (stms) are often run in shioping malls where consumers are?
Simulated test markets (STMs) are often conducted in shopping malls where consumers are asked who uses the class of product being tested.
There are three types of test markets: the standard test market, the control test market, and the mock test market. consumer goods marketers are the primary users of the test market. consumer goods (CPG) are products sold in packaging that consumers use almost every day.
Trial marketing: the term is commonly used to denote an experiment, study, or test conducted in a field setting. used to test new advertisements, promotions, products, prices, etc. use of test markets.
Managed test marketing: In this test, the company selects specific stores in various regions and asks them to stock new products for a fee. The company manages shelf locations, displays, POS promotions, and pricing.
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What are the types of jobs related to agriculture and Forestry? Explain any two of them.
Answer:
Explanation:
Agricultural Inspectors Bachelor's degree Find Local Training
Agricultural Technicians Associate's degree Find Local Training
Buyers and Purchasing Agents, Farm Products Bachelor's degree Find Local Training
Farmers and Ranchers High school diploma or equivalent Find Local Training
here are some I found
When winifred planned her trip to cambodia, she spent months evaluating packages, airfares, and hotel accommodations. winifred’s trip is an example of a(n) ________ product.
When Winifred planned her trip to Cambodia, she spent months evaluating packages, airfares, and hotel accommodations. Winifred’s trip is an example of a(n) Shopping product.
Where is Cambodia?With a total area of 181,035 square kilometers (69,898 square miles), Cambodia is a country in Southeast Asia. Officially known as the Kingdom of Cambodia, it is bordered to the northwest by Thailand, to the north by Laos, to the east by Vietnam, and to the southwest by the Gulf of Thailand. Phnom Penh is the nation's capital and largest metropolis.There are over 17 million people living in the independent country of Cambodia. More than 97 percent of the population practices Buddhism, which is recognized as the official national religion in the constitution.The minority populations of Cambodia include the Vietnamese, Chinese, Chams, and 30 hill tribes. With two distinct seasons and a central floodplain centered on the Tonle Sap Lake and Mekong Delta that is encircled by high terrain, Cambodia has a tropical monsoon climate. Phnom Penh, Cambodia's capital and largest city, serves as the nation's political, economic, and cultural hub.To know more about Cambodia with the given link
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The adjective that best defines the market behavior of any country is:_______
a. proactive.
b. fixed.
c. constant.
d. evolving.
e. static.
The adjective that best defines the market behavior of any country is evolving.
The fun dimension is a relatively new dimension in models. This dimension is defined as the extent to which people try to control their desires and impulses because they were raised.
Culture can be defined as all the ways of life, including the arts, beliefs, and institutions of a population, that are passed down from generation to generation. culture has been described as “the way of life of the whole society”. as such, it includes codes of conduct, dress, language, religion, rituals, and art.
It is defined as the socially mediated patterns of behavior, beliefs, values, and habits that characterize a group of people and guide their thinking and decisions.
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The most important use of gdp is as a measure of: group of answer choices the size of the economy. the level of unemployment. changes in the price level. rates of return in financial markets.
The most important use of GDP is as a measure of the size of the economy.
One of the most used metrics for measuring economic performance is the gross domestic product (GDP).
A nation's gross domestic product (GDP) is a measure of all the output produced within a specific time period.
To account for seasonal differences due to weather or holidays, the GDP is seasonally adjusted. Inflation is also taken into account when calculating the GDP, which is the most carefully monitored GDP indicator, in order to reflect output changes rather than changes in the prices of goods and services.
Either nominal or real terms can be used to express GDP. Because nominal GDP is computed using the value of the products and services produced as gathered, it takes into account both the value of output and changes in the overall pricing of that output.
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Consumer products are classified based on the ________blank, the frequency of purchase, and the attributes used in making the purchase decision.
Consumer products are classified based on the attributes which they used in making the purchase.
Consumer products, often known as final goods, are items purchased for personal use by people or families. In other words, consumer products are things purchased by the ordinary consumer for consumption.
There are four major categories of consumer products: convenience goods, shopping goods, specialist goods, and unsought goods.
Consumer products include clothing, food, and jewelry. Since the basic or raw minerals, such as the copper, must be processed into the useable items, they are not considered as the consumer goods.
Therefore, Consumer products are classified based on the attributes used in making the purchase.
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Uber’s expansion on the innovation front requires strategic planning by senior management. Once this planning has been completed, middle management would be responsible for implementing these plans through.
Once this planning has been completed, middle management would be responsible for implementing these plans through (B) tactical planning.
What is tactical planning?Tactical planning is a process that aids in the formation of short-term and distinct plans that aid in the fulfillment of long-term plans for a business, organization, or individual.Strategic planning helps firms determine and implement long-term plans based on company objectives.Tactical planning has multiple components.Breaking down organizational goals that are longer than two or three years, for example, and constructing a goal-oriented calendar with short-term targets, such as a target for the next three or six months.Therefore, once this planning has been completed, middle management would be responsible for implementing these plans through (B) tactical planning.
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The complete question is given below:
Uber’s expansion on the innovation front requires strategic planning by senior management. Once this planning has been completed, middle management would be responsible for implementing these plans through
Multiple Choice:
(A) operational planning.
(B) tactical planning.
(C) operating.
(D) strategic control.
(E) action plans.
Help ASAP please
The Federal Reserve Bank lowered the required reserve ratio to 0% across the board in 2020. Explain the potential reasoning behind this lowering to 0% and its intended effect on the economy.
The reasoning behind lowering the required reserve ratio to 0% is to increase the money supply. The intended effect is to boost production activities.
What is an expansionary monetary policy?
Expansionary monetary policy are polices taken to increase money supply. When money supply increases, aggregate demand increases and this boosts production.
Reducing the required reserve ratio and open market purchase are ways of carrying out expansionary monetary policy
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The concept of degree rationing explains the shortage of qualified workers in which occupation?
A market condition existing at any price where the quantity supplied is less than the quantity demanded.
As an example, call for for a new automobile that a manufacturer can not satisfy. - decrease in deliver — takes place delivery delvery good dropsod drops. for instance, an epidemic among pigs means lots of them should be euthanized, creating a shortage of pork products.
A shortage is a situation in which the amount demanded is extra than the amount supplied at the market rate. There are three primary reasons for shortage—the increase in demand, lower in supply, and government intervention. Shortage , as it's miles used in economics, needs to not be confused with "scarcity."
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Julie is a hair stylist. she makes $10.25 an hour, plus $6 extra for every haircut she performs. This week she worked a total of 40 hours and performed 46 haircuts. How much money did she make?
Answer:
$686
Explanation:
Equation:
Total money earned = 10.25y + 6x
y = total hours
x = number of haircuts
Factoring in the numbers the Equation now is:
Total money earned = 10.25 (40) + 6 (46)
Total money earned = $686
The balance in the j. higgins, withdrawals account was $4,700. the entry to close the account would include a?
The balance in the j. Higgins, withdrawal account was $4,700. the entry to close the account would include a debit to J. Higgins, Capital, $3,200.
A direct debit is a record of the amount deducted from your bank account, such as when you write a check. The total debits must balance the total credits. Synonyms: Payment, Liability, Payment, Obligation Other synonyms for direct debit.
In accounting, a credit is an entry that records a decrease in an asset or an increase in a liability, and a decrease in expenses or an increase in income (as opposed to a debit that does the opposite). Thus, credits increase net income on the company's income statement, while debits decrease net income.
A direct debit is a payment made or debited or an indication of the amount debited. Attempting to track a mysterious $2 withdrawal from a bank account is unlikely to succeed, but it should be done anyway.
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A(n) _____ is a business organization formed under federal tax law that is considered a corporation but is taxed like a partnership (if it follows certain regulations)
A business organization that is formed under federal tax law is the Limited Liability Company which is considered a corporation but is taxed like a partnership.
What is tax law?
There are some legal rules that are made by the higher authority, in which it is stated how much the state, local, and federal governments will apply the charge to the individual.
These rules are known as the tax law. Apart from the charges it also covers various things, such as procedures, policies, and penalties that are in the context of everything that has to do with tax issues.
Thus, a Limited Liability Company can be considered a corporation but is taxed like a partnership.
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Fine properties, inc. , negotiates with general maintenance corporation to include a liquidated damages clause in their contract. To be enforceable, at the time of the contract, an estimate of the damages from a breach must be.
To be enforceable, an estimate of the damages from a breach must be difficult.
Liquidated damages clauseA liquidated damages clause establishes a predetermined quantity of money that must be paid as damages for disappointment to act under a contract. The liquidated damages is to be the parties' best estimate of the damages that will be caused by a breach at the time they sign the contract.
A liquidated damages clause iis unenforceable in 2 circumstances:
(1) if the damages streaming from a breach of the contract were ascertainable at the time of implementation;
or
(2) if the damages fixed were conspicuously undue to the potential losses.
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Which of the processes can initiate the collapse of an interstellar cloud and trigger the formation of stars?
The collision of the interstellar cloud with another cloud is the natural processes that can initiate the collapse of an interstellar cloud and trigger the formation of stars.
What is an interstellar cloud collapse?In nature, when the interstellar cloud collapses into many fragments, it is necessary to consider the processes inside one of the individual cloud fragments as it continues to develop into a star.
Majority of those fragments are about two solar masses but can be about 100 times the size of the Earth's present solar system.
Hence, the collision of the interstellar cloud with another cloud is the natural processes that can initiate the collapse of an interstellar cloud and trigger the formation of stars.
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