Answer:
Option (A).
Explanation:
According to the scenario, computation of the given data are as follow:-
We can calculate the cost of equity capital by using following formula:-
Market Beta = 1.73
Risk free rate = 4.50% = 0.045
Market risk premium = 6.20% = 0.062
Cost of Equity Capital = (Market Risk Premium × Market Beta ) + Risk Free Rate
= (0.062 × 1.73) + 0.045
= 0.1073 + 0.045
= 0.1523 or 15.23%
why do many essential products that we use (e .g water) have relatively low prices, while other less essential products (e.g diamonds) command higher prices? Explain this paradox using marginal utility approach
In a market economy, the cost of many necessities for human life is significantly lower than the cost of less necessary necessities.
What do you call necessities?
Anything you need in order to function correctly or complete an action is referred to as a need. Life cannot exist without water. Alternative Words: essential, need, need, necessary More necessary synonyms Countable noun You must use your revenue to purchase necessities, which are goods or services. Basic necessities include things like food, clothing, heat, shelter, and medical attention. something which is essential. For the beach, sunscreen is a must-have. food, clothing, and other essentials. It's important to get enough of sleep. Living close to work is essential for those without cars.
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Thorpe Corporation purchases a new delivery truck and signs a note payable at the truck dealership for the total cost. The impact of this transaction on Thorpe Corporation A. increases assets and increases stockholders' equity. B. increases assets and increases liabilities. C. decreases assets and increases liabilities. D. increases assets and decreases stockholders' equity.
In order to pay for the cost of the new delivery truck, Thorpe Corporation signs a note payable at the truck dealership. Thorpe Corporation's assets and liabilities will grow as a result of this transaction.
A company is a legitimate entity that exists independently of its owners. Many of the same legal rights and obligations that apply to individuals liabilities also apply to businesses. They have legal authority to make agreements, lend and borrow money, file lawsuits, hire staff, possess property, and pay taxes.
The majority of big companies are corporations, such. Some businesses operate both under their own names and under several trade names, such as.
While a corporation's exact legal definition varies from one jurisdiction to the next, restricted liability is always its most crucial feature. As a result, shareholders are not individually responsible for the debts of the business but may share in the gains through dividends and stock appreciation.
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increases assets and increases liabilities
Thorpe Corporation signs a note made payable to the truck dealership to cover the cost of the new delivery truck. The assets and liabilities of Thorpe Corporation will increase as a result of this transaction.
What is Corporation?A business is a legitimate entity that exists without the involvement of its owners. Businesses have many of the same legal rights and responsibilities that apply to individuals. They have the right to enter into contracts, make loans and take loans, bring legal actions, appoint people, own property, and pay taxes.
Most large businesses are corporations as such. Numerous trade names, including, are used by certain businesses in addition to their own.
Despite the fact that a corporation's precise legal definition differs from one country to the next most crucial feature. As a result, shareholders are not individually responsible for the debts of the business but may share in the gains through dividends and stock appreciation.
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221 HW4 Ch 21
Question 6 of 10
- / 1
Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 125.)
Cost Reconciliation
Cost accounted for
Transferred out
$
Work in process
Materials
$
Conversion costs
Total cost accounted for
$
eTextbook and Media
The cost reconciliation schedule:
Cost accounted for Transferred out $54,000Work in process Materials $36,000Conversion costs $25,500Total cost accounted for $115,500eTextbook and Media $0Transferred out: The transferred out cost is the sum of the materials, labor, and overhead. In this case, it is $36,000 (materials) + $88,500 (labor) + $54,000 (overhead) = $178,500.
Work in process - Materials: The work in process cost for materials is $36,000.
Conversion costs - Work in process: The work in process cost for conversion costs is calculated by multiplying the percentage of completion for conversion costs (50%) by the equivalent units of production for conversion costs (57,000). Therefore, it is 0.5 * 57,000 = $28,500.
Total cost accounted for: The total cost accounted for is the sum of the transferred out cost, work in process cost for materials, and work in process cost for conversion costs. In this case, it is $54,000 + $36,000 + $25,500 = $115,500.
eTextbook and Media: The cost of eTextbook and Media is not specified in the provided information. If there is no cost associated with eTextbook and Media, it would be $0.
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What do you need to do if you have a
job and earn a paycheck?
A. put half of your paycheck in the bank
B. file a tax return
C. submit your pay stubs to your local law enforcement
office
D. invest in a 401k
Clancy is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: Clancy has only 20 hours this week that he can devote to training. Each hour he spends swimming is an hour that he can't spend biking or running. Which basic principle of individual choice do these statements best illustrate?
a. Maria has an incentive to spend more time on swimming than on biking or running.
b. People usually exploit opportunities to make themselves better off.
c. Maria can use lime most efficiently by spending the same amounts of time on swimming, biking, and running.
d. People face trade-offs
Answer:
d. People face trade-offs
Explanation:
Since maria has 20 hours training in a week and the training consist of swimming, biking and running also she is not able to do three at the same time so for approaching these 3 different time she will engaged i.e. she trade off the time between these three things.
So, she sacrifice some time for each kind of the activity therefore the correct option is d.
how skill based training can assist you in with future unemployment commtunity service
Skill-based training can be incredibly helpful in preparing you for future unemployment community service by equipping you with the tools and abilities necessary to succeed in the job market.
How can skill - based training be beneficial ?Skill-based training can provide you with the specific skills and knowledge required for your desired job or industry. By gaining these skills, you will be more marketable and valuable to potential employers.
Skill-based training can help you become more flexible and adaptable in the face of changing job requirements or industries. You may be able to take on new tasks or roles more easily and be better equipped to pivot your career path.
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Which of the following characteristics does NOT usually apply to process operations?
A. Each unit of product is separately identifiable.
B. Partially completed products are transferred between processes.
C. Each process is a separate department.
D. A separate Work in Process Inventory is used for each process.
E. Costs are computed using equivalent units.
Employees who are paid a set annual wage regardless of the number of hours worked or the amount of work completed are paid on a(n) _____ basis.
commission
commission
contract
contract
hourly
hourly
salary
(Figure: Payoff Matrix I for Blue Spring and Purple Rain) The figure Payoff Matrix I for Blue Spring and Purple Rain refers to two producers of bottled water. Each has two strategies available to it: a high price and a low price. The dominant strategy for Purple Rain is to:
The figure Payoff Matrix I for Blue Spring and Purple Rain refers to two producers of bottled water. Each has two strategies available to it: a high price and a low price. The dominant strategy for Purple Rain is to: always charge a low price.
What is a Payoff Matrix?Generally, In the field of game theory, a description of a game is referred to as normal form. In contrast to extended form, normal-form representations are not graphics in and of themselves; rather, they use matrices to depict the game in question.
The outcomes of the decisions made by players in a game may be represented using something called a reward matrix.
The structure of a game, such as whether players take in turns to do actions or if a player must make a decision without knowing what option the other player will make, is not conveyed by a payout matrix. Components that make into a payoff matrix.
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2.2 List any TWO characteristics of public goods.
Answer:
non-excludable and Non-rivalrous
The following table shows the cost function for a business producing beach chairs:
Quantity of
Beach Chairs Produced (Number) Total Cost (Dollars Marginal Cost (Dollars)
0 5
1 15
2 26
3 38
4 51
5 65
a) Fill in the column for marginal cost. Instructions: Round your answers to the nearest whole number. If you are entering a negative number, include a negative sign (−) where appropriate.
b) If the market price is $11 per chair, the business will produce how many chairs? What is the total profit of the business at that price?
c) If the market price is $12 per chair, the business will produce how many chairs? What is the total profit of the business at that price? .
The marginal cost will be:
Beach Chairs Produced (Number) Total Cost
(Dollars) Marginal Cost (Dollars)
0 5 -
1 15 10
2 26 11
3 38 12
4 51 13
5 65 14
How to calculate the values2. At the market price of $11 per chair, the total quantity of 2 chairs will be produced by the producers.
At this price the Total cost of producing 2 Chairs is = $26
Whereas the Total revenue generated is = (p*q) $11 *2=22.
Total profit= TR- TC
Total profit= 22-26=-4( profits are falling as TC >TR)
3. Total profit at price $12 is :- -2(losses)
At the market price of $12 per chair, the total quantity of 3 chairs will be produced by the producers.
At this price the Total cost of producing 2 Chairs is = $38
Whereas the Total revenue generated is = (p*q) $12*3=36.
Total profit= TR- TC
Total profit= 38-36=-2(loss)
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Circle Square, incorporated had an ROI of 9%, turnover of 3.0, and sales of 4 million for the year. What is the margin for the year
The margin for the year is 30% for Circle Square, incorporated had an ROI of 9%, turnover of 3.0, and sales of 4 million for the year.
What is margin?
To calculate the margin, we can use the formula:
Margin = Net Income / Sales
First, we need to find the net income, which is calculated as:
Net Income = ROI x Total Assets
Total Assets = Sales / Turnover
Net Income = ROI x (Sales / Turnover)
Net Income = 0.09 x (4,000,000 / 3.0)
Net Income = $1,200,000
Now we can calculate the margin:
Margin = Net Income / Sales
Margin = $1,200,000 / $4,000,000
Margin = 0.30 or 30%
Therefore, the margin for the year is 30%.
What are the assets?
An asset is a resource that is owned or controlled by an individual, company, or organization that has economic value and is expected to generate future benefits. Assets can be both tangible and intangible. Tangible assets are physical objects that can be seen and touched, such as buildings, equipment, inventory, and cash. Intangible assets, on the other hand, are non-physical items that do not have a physical presence but still have value, such as intellectual property, brand names, patents, trademarks, and copyrights.
Assets are recorded on a company's balance sheet and are typically classified as current assets, such as cash or inventory that can be converted to cash within one year, or long-term assets, such as buildings or equipment that will provide future economic benefits over a period of several years.
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XYZ Co is considering a major expansion program that has been proposed by the company’s information technology group. To decide whether the company will undertake this major expansion project, the company paid McLindsay Co., a large consulting company, a fee of $2 million to calculate the costs and benefits of the program, but they will refund half of that cost back to XYZ if the company does not move forward with the project. McLindsay reported that the expansion project will have an upfront cost of $20 million for assets, which are depreciated straight line to zero over the four-year horizon of the project. The company does not need to invest in net working capital (i.e., NWC = 0). McLindsay also expects that the program will generate an operating cash flow equal to $10 million the first year and will expand by 20% per year until the project is liquidated at the end of year four. The liquidation value from selling the equipment will be $4 million. You are an assistant to the CFO of the company and your first task is to advise XYZ whether the company should undertake the investment. The CFO has provided you with the following data, which he believes may be relevant to your task (all the market data are current). The firm’s tax rate is 20%. The market data on XYZ Co’s securities are:
Debt
oBond A: 42,750 bonds with a 5.4% coupon rate, with 20 years to maturity selling at par. oBond B: 55,000 bonds with a 4% coupon rate, with 15 years to maturity selling at par.
Assume that both bonds have a par value of $1,000 and they make semiannual payments.
Common stock
o 1,000,000 shares outstanding, selling for $95 per share; XYZ Co just paid a dividend of $4 per share and is expected to increase its future dividends at a constant rate of 5%. The firm’s beta is 1.8. Assume the risk-free rate is 2% and the market return is 8%.
Answer the following questions and show all the formulas and calculations (if using a financial calculator show all the entries).
a. What is XYZ Co’s cost of debt?
b. What is XYZ Co’s cost of equity using the CAPM?
c. What is XYZ Co’s cost of equity using the dividend growth model?
d. What is XYZ Co’s cost of capital? (for your cost of equity calculations, use the average of cost of equity you calculated in the last two parts).
e. Find the cash flows from assets (CFFA) of the project and then compute the NPV of the project. Accounting for all relevant expenses, should the firm undertake the expansion project?
f. Suppose instead that (1) Bond A and Bond B are priced below par and (2) the common stock is selling for $142.50 per share and the last dividend paid was $6. Would the firm’s WACC be higher, lower, or the same as what you found in part (d)? Explain.
a. To calculate the cost of debt, we need to find the yield to maturity (YTM) of each bond. We can calculate the YTM of Bond A as 5.4% and the YTM of Bond B as 4%. Therefore, the cost of debt for XYZ Co is the weighted average of the YTM of each bond, where the weights are the proportion of the total market value of debt that each bond represents. Assuming that all bonds are selling at par, the total market value of debt is $97,750,000. Thus, the weight of Bond A is 42,750/97,750 = 0.4376 and the weight of Bond B is 55,000/97,750 = 0.5624. Therefore, the cost of debt is:
Cost of Debt = 0.4376 × 5.4% + 0.5624 × 4% = 4.48%
b. Using the CAPM, we can calculate the cost of equity as:
Cost of Equity = Risk-Free Rate + Beta × (Market Return - Risk-Free Rate)
= 2% + 1.8 × (8% - 2%)
= 13.6%
c. Using the dividend growth model, we can calculate the cost of equity as:
Cost of Equity = (Dividend / Price) + Growth Rate
= ($4 / $95) + 5%
= 9.3%
d. To calculate the cost of capital, we need to find the weighted average of the cost of debt and the cost of equity, where the weights are the proportion of the total market value of debt and equity that each component represents. Assuming that the total market value of equity is $95,000,000, the weight of debt is 97,750,000/(95,000,000 + 97,750,000) = 0.5073 and the weight of equity is 1 - 0.5073 = 0.4927. Therefore, the cost of capital is:
Cost of Capital = 0.5073 × 4.48% + 0.4927 × 13.6% = 9.54%
e. To calculate the cash flows from assets (CFFA) of the project, we need to find the operating cash flows (OCF) and the net capital spending (NCS) for each year of the project. Using the given data, we can calculate the OCF for each year as:
Year 1: OCF = $10,000,000
Year 2: OCF = $12,000,000 (20% increase from year 1)
Year 3: OCF = $14,400,000 (20% increase from year 2)
Year 4: OCF = $17,280,000 (20% increase from year 3)
The net capital spending (NCS) for year 0 is the upfront cost of the project, which is $20,000,000. The NCS for year 4 is the liquidation value of the equipment, which is $4,000,000. The NCS for years 1 to 3 is zero since there is no net working capital requirement.
Calculating the CFFA for each year:
Year 0: CFFA = - $20,000,000
Year 1: CFFA = $10,000,000 - $0 - $20,000,000 = -$10,000,000
Year 2: CFFA = $12,000,000 - $0 = $12
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pllzzzzzzzzzzzzzzzzz
Answer:
liability risk
Explanation:
Answer:
liability risk is right opstion
Walkrun Inc. is unlevered and has a value of $400 billion. An otherwise identical but levered firm finances 45% of its capital structure with debt at a 6% interest rate. No growth is expected. Assume the corporate tax rate is 25%. Use the MM model with corporate taxes to determine the value of the levered firm
If an otherwise identical but levered firm finances 45% of its capital structure with debt at a 6% interest rate. No growth is expected. Assume the corporate tax rate is 25%. The value of the levered firm is $425 billion.
How to find the Value of the levered firm?Using this formula to find the value of the levered firm
Value of the levered firm = Value of unlevered firm + tax shield on debt
Now let plug in the formula
Value of the levered firm = $400 billion + $25 billion
Value of the levered firm = $425 billion
Therefore we can conclude that the Value of the levered firm using the MM model is the amount of $425 billion.
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On January 1, the Matthews Band pays $65,800 for sound equipment. The band estimates it will use this equipment for four years and after four years it can sell the equipment for $2,000. Matthews Band uses straight-line depreciation but realizes at the start of the second year that this equipment will last only a total of three years. The salvage value is not changed.
Answer:
$15,950
$15,950
Explanation:
Here is the full question :
On January 1, the Matthews Band pays $65,800 for sound equipment. The band estimates it will use this equipment for four years and after four years it can sell the equipment for $2,000. Matthews Band uses straight-line depreciation but realizes at the start of the second year that this equipment will last only a total of three years. The salvage value is not changed. Compute the revised depreciation for both the second and third years.
The step to answering this question :
1. calculate the depreciation expense using the initial useful life
2. calculate the book value for year 2
3. calculate the depreciation expense for year 2 and 3 using the revised useful life and year 2 book value
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
1. ($65,800 - $2000) / 4 = $15,950
Book value = $65,800 - $15,950 = $49,850
($49,850 - $2000) / 3 = $15,950
The depreciation expense in year 2 and 3 would be $15,950
Should the common law maxim “Ignorance of the law is no excuse” apply to an immigrant who speaks little English and was not educated in the United States? How about for a tourist who does not speak English? Everyone knows criminal acts are prohibited, but what about subtler rules that differ across countries so may be misunderstood by foreigners?
The maxim "Ignorance of the law is no excuse" is a principle that is generally accepted in the United States legal system. It means that individuals are expected to be aware of the laws that apply to them, regardless of their level of education or language proficiency.
However, courts may consider the fact that an immigrant or tourist may not be fully familiar with the laws of the United States as a mitigating factor when determining the appropriate punishment for a criminal act. This is particularly true for subtler rules that may be misunderstood by foreigners.
There are also some protections in place for non-English speakers in the United States. For example, individuals who do not speak English are entitled to an interpreter during legal proceedings. This is to ensure that they are able to understand the charges against them and are able to present a defense.
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What dose it mean to be fully human were interacting with others any virtual space like classroom why or why not
While interacting with others in a virtual space, to be fully human means for instance such as in a classroom, means having the qualities and characteristics inclusive to humanity, even though the medium of communication being virtual.
It involves identifying and embracing our shared humanity and engaging in meaningful connections with other people like friends family colleagues, even though miles apart and can only see by virtual screens.
Emotional connections, sharing knowledge, expression ,communication collaboration cooperation are the various forms. Therefore, virtual experiences though lack sensory and physical aspects of face-to-face interactions, they still provide a platform for human connection, learning, and growth.
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Consider total cost and total revenue, given in the following table:
In the final column, enter profit for each quantity. (Note: If the firm suffers a loss, enter a negative number in the appropriate cell.)
Total Cost Marginal Cost
(Dollars)
Quantity (Dollars)
0
1
2
3
4
5
6
7
5
6
8
11
15
20
26
35
05
06
07
Total Revenue Marginal Revenue
(Dollars)
(Dollars)
0
6
12
18
24
30
36
42
AAAAAAA
Profit
(Dollars)
In order to maximize profit, how many units should the firm produce? Check all that apply.
04
The solution to the given question when we consider total cost and total revenue, given in the following table:
The Financial TableQuantity | Total Cost | Marginal Cost | Total Revenue | Marginal Revenue | Profit
------- | -------- | -------- | -------- | -------- | --------
0 | 5 | 5 | 0 | 0 | -5
1 | 11 | 6 | 6 | 6 | 1
2 | 17 | 6 | 12 | 6 | 5
3 | 24 | 7 | 18 | 6 | 4
4 | 31 | 8 | 24 | 6 | -7
5 | 39 | 8 | 30 | 6 | -9
6 | 47 | 8 | 36 | 6 | -11
7 | 55 | 8 | 42 | 6 | -13
As you can see, the firm's profit is maximized at quantity 3. This is because the marginal revenue is equal to zero at this point, which means that the firm is not making any additional profit by producing more units. In fact, if the firm produces more units, it will actually start to lose money.
Therefore, the answer to the question is 3.
In summary:
The firm's profit is maximized at quantity 3.This is because the marginal revenue is equal to zero at this point.If the firm produces more units, it will start to lose money.Therefore, the answer to the question is 3.Read more about marginal revenue here:
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sophie works as a superior in the bakery at pick and pay. what level of management is she?
A. Middle manager
B. Top manager
C. Intermediate manager
D. First-line manager
Answer:
First-line manager.
Explanation:
Because Sophie is a "superior" instead of being called a "Restaurant Manager" or "Owner" she would be considered front-line.
1. Critical thinking requires setting high standards for yourself. True or false
Answer:
True
Explanation:
What is one major disadvantage to organizing a business as a sole
proprietorship?
A. Stockholders may remove the owner from the business,
B. The business will be subject to many legal regulations.
C. Conflict between owners could disrupt the business.
D. The business could fall apart if the owner dies,
SUBMIT
Answer:
D. The business could fall apart if the owner dies
Explanation:
since sole proprietorship entails an organization owned by an individual, the end of the existence of the owner, results to the business falling apart since there is no one to take care of the firm.
The business could fall apart if the owner dies, is one major disadvantage to organizing a business as a sole proprietorship. In a sole proprietorship, the business is owned and operated by a single person, and the owner has complete control over the business. Thus, option D is correct.
What is sole proprietorship?A sole proprietorship is a type of business structure in which a single individual owns and operates a business. In this type of business, there is no legal distinction between the owner and the business, which means that the owner is personally responsible for all the debts and liabilities of the business.
This means that the owner is also entitled to all the profits of the business, and has complete control over its operations. Sole proprietorships are generally the simplest and least expensive type of business to set up, and they are often used by small businesses, freelancers, and independent contractors.
However, they also have some disadvantages, such as limited access to funding, lack of liability protection, and the potential for the business to end if the owner dies or becomes incapacitated.
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Which is an example of a good URL?
A.
http://www.sedl.org/abcd.html
B.
http://www.sedl.org/expertise/current_projects.html
C.
http://www.sedl.org/some_text_here_which_is_a_part_of_the_URL_and_is_a_resource_identifier.html
D.
http://www.sedl.org/expertise/currentinterestingprojects.html
Answer:
The example of a good URL is ".gov and .org¨
Explanation:
http://www.sedl.org/expertise/current_projects.html is an example of a good URL. Therefore option B is correct.
What is a URL?
An Internet resource may be found using a URL (Uniform Resource Locator), a special identifier. It is additionally known as a web address. URLs contain several components, such as a protocol and domain name, which instruct a web browser on how and from where to retrieve a resource.
In addition to the resource name, the URL also includes the name of the protocol required to access the resource. The protocol to utilize as the main access medium is specified in the first portion of a URL. The location of the resource is indicated by its IP address, domain name, and sometimes a subdomain in the second portion.
Only the ASCII character set may be used to send URLs over the Internet. The URL must be changed into a proper ASCII format since URLs frequently contain non-ASCII characters. Unsafe ASCII characters are replaced by a "%" and two hexadecimal digits in URL encoding. Spaces are not permitted in URLs.
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I need help with the operation management assignment plz
An employer's defense to an employment discrimination claim might include a simple demonstration that the employee's evidence is not true. This defense might include all of the following except
An employer's defense to an employment discrimination claim might include a simple demonstration that the employee's evidence is not true. This defense might include all of the following except "the employee is a known liar".
What is a defense in law?
A defendant may establish a defense in a civil case or criminal prosecution under common law or legislation in order to avoid civil responsibility or criminal guilt.
What is Evidence?
The evidence for a proposition is what backs up that assertion. It is commonly seen as proof that the supported statement is correct. The function of evidence and how it is conceived differs by discipline.
How can a lie be detected during a legal proceeding?
The polygraph is the most well-known tool for detecting deceit through psychophysiological means.
All of these strategies are designed to identify deceit by evaluating indications of changes in the body that are ordinarily undetectable by human inspection.
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20 POINTS AND BRAINLIEST!!! Explain the relationship between financing and marketing strategies. Choose a product or service you use often. Having learned about both marketing and finance, describe the financial decisions that you believe have gone into marketing this product or service.
Answer:
The relationship between marketing and finance is arguably one of the most important within any business. Traditionally perceived as an adversarial tug of war between marketing on one side spending the money and finance on the other trying to save it, this relationship has evolved into a modern marriage of equals.
Explanation:
I can't think of the product anymore, I've already answered the first one
A strength of Enterprise's Generation X managers is likely to be their _____
Answer:
A strength of Generation X managers is likely to be their ability to provide feedback to employees
Explanation:
mark me brainliest!!
Find the median and mean of the data set below:
Median =
Tr I
11, 6, 37, 34, 7
Mean =
The answer is median and mode
How to Find the mean and median
Add up all data values to get the sumCount the number of values in your data setDivide the sum by the countThe mean is the same as the average value in a data set.The median x˜ is the data value separating the upper half of a data set from the lower half.Arrange data values from lowest to highest valueThe median is the data value in the middle of the setIf there are 2 data values in the middle the median is the mean of those 2 values.Median ExampleFor the data set 1, 1, 2, 5, 6, 6, 9 the median is 5.For the data set 1, 1, 2, 6, 6, 9 the median is 4. Take the mean of 2 and 6 or, (2+6)/2 = 4.To learn more about mean and median
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The performance plan will include a section that identifies all of the following EXCEPT
Answer:
where are the choices please so I can help you
For each statement about Direct Competition and Indirect Competition,
choose True or False.
Indirect Competition is a
business whose services are
different from yours but
satisfy the same need.
All Companies that sell
goods and services are
Indirect Competitors.
When your target audience
buys products from a
competitor instead from
you, that is Indirect
Competition.
Direct Competition is a
company that offers
the same thing you
offer.
1. True
2. False
Answer:
Explanation:
1) Indirect Competition is a business whose services are different from yours but satisfy the same need.
True
2) All Companies that sell goods and services are Indirect Competitors.
False
3) When your target audience buys products from a competitor instead from you, that is Indirect Competition.
False
4) Direct Competition is a company that offers the same thing you offer.
True