which benefit is the result of competition? responses development of new markets development of new markets increased efficiency increased efficiency control of the business cycle control of the business cycle incentive to work harder
Answers
Benefit is the result of competition is increased efficiency. Competition is a situation where companies compete against one another for market share.
Companies often do this by lowering their prices, improving their products or services, and providing better customer service. Competition has a lot of benefits, including the development of new markets, increased efficiency, and the incentive to work harder.
Increased efficiency is a benefit of competition because companies that are competing must work harder to produce better products, lower their prices, and provide better customer service. As a result, they become more efficient, reducing their costs and improving their productivity. This increased efficiency leads to higher profits, which can then be used to invest in new products or services, or to expand into new markets.
Overall, competition is a vital aspect of any free market economy. It encourages innovation and drives companies to work harder to provide better products and services to consumers. By doing so, it leads to the development of new markets, increased efficiency, and the incentive to work harder.
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Related Questions
A _____ _____ is similar to a bond payable but is normally transacted with a single lender such as a bank
Answers
A note is transacted through a single lender but it is similar to a bond payable.
What are bonds?Bonds are the trading securities in the stock market which provide a constant amount of interest to the holder of bonds.
A note is a kind of debt where one party, that is, the payer agrees to pay back against the amount taken from the other party, that is, the lender. In the case of bonds, they are issued by companies to a large group of investors, called bond investors. Both are debts but contrasted on the basis of a number of lenders.
Therefore, the bond payable is similar to the note but differentiated due to the involvement of only one lender.
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Which statement is a consequence of objectivism? Group of answer choices Moral rules apply in all cases, without exceptions. Whether an action is objectively right depends on its consequences. If two people have a moral disagreement, only one of them can be right. Everyone has the same beliefs about morality.
Answers
Answer:
B. Whether an action is objectively right depends on its consequences
Explanation:
Ayn Rand developed the theory of Objectivism. Objectivism according to her is the philosophical idea, that every thing people do, be it the pursuit of education or financial security is done simply for the purpose of preserving the human life. This theory promotes selfishness over altruism. It also advocates realism. Every other thing people do is supposed to conform to that which is the fact.
This theory also opines that if our philosophy of life is correct or right, then we would be successful. But if our philosophy of life is wrong, then the consequences would be inimical.
Which is NOT a fee you need to worry about with a checking account?
Answers
Answer:
It depends on the bank provider. All bank providers have different fee policies.
Explanation:
There is no specifc answer to this.
People who use the business plan include all of the following EXCEPT:
a) Management team
b) Investors
c) Customers
d) The entrepreneur
Answers
Answer:
I think Management team
Answer: customers
Explanation
Urban development that stresses nearby access to transportation for local urban centers, less car dependence, and the use of greener transportation options is more generally likely to be seen in Europe and in some major urban centers in the United States.
True
False
Answers
Answer:
True
Explanation:
Its true
In what three ways does the government affect production of goods and services in the US economy?
Answers
Requat nd informetion ti texd cons. chould be emterd oi 7231 ! Required Information [The following information applies to the quesulans dispiayed beiow] Raner. Harris \& Chan is a consulting firm that specializes in information systems for medical and dental chnics. The firm has two offices-one in Chicago and one in Minneopols. The firm classifies the direct costs of consulting jobs as vartable costs. A contribution format segmented income statement for the company's most recent year is given. 3. Assurne that sales in Chicego increase by 555,000 nexa year and that sales in Minneapolis remain unchanged Assume no chonge in fored costs 3. Assume that saies in Chicago increase by $55,000 next year and that sales in Minneapolis remain unchanged Assume no change in foxed costs. a. Prepare a new segmented income statement for the company. (Round your percentage onswers to 1 decimal place (l.e. 0.1234 should be entered as 12.3).]
Answers
The new segmented income statement shows that the increase in sales in Chicago has resulted in a $27,500 increase in net income.
The new segmented income statement is shown below:
Raner, Harris & Chan
Segmented Income Statement
For the Year Ended December 31, 2023
Office Sales Variable Costs Contribution Margin Fixed Costs Net Income
Chicago $555,000 $275,000 $280,000 $150,000 $130,000
Minneapolis $350,000 $175,000 $175,000 $100,000 $75,000
Total $905,000 $450,000 $455,000 $250,000 $205,000
As you can see, the increase in sales in Chicago has resulted in a $27,500 increase in net income. This is because the increase in sales has more than offset the increase in variable costs. The increase in net income is due to the fact that the contribution margin from Chicago is greater than the fixed costs of the company.
The increase in sales in Chicago is also reflected in the percentage of sales that each office contributes to net income. In the previous year, Chicago contributed 61.6% of net income, while Minneapolis contributed 38.4%. In the new year, Chicago's contribution to net income has increased to 67.7%, while Minneapolis' contribution has decreased to 32.3%. This is because the increase in sales in Chicago has been greater than the increase in sales in Minneapolis.
The new segmented income statement provides more information about the profitability of each office. This information can be used by management to make decisions about how to allocate resources between the two offices. For example, management may decide to invest more resources in the Chicago office in order to further increase sales and profits.
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80% of people starting a business use their own personal savings. What is the advantage to this strategy versus using bank loans and credit cards? A. You control how the money is spent B. You will not pay interest on the capital. C. You do not have any risk of losing your money.
Answers
An advantage of using personal savings instead of bank loans and credit cards is you will not pay interest on the capital. (option B)
What is personal savings?Personal savings is the wealth that a person has accumulated over a period of time. When a person uses his personal savings to start a business, the person would not have to pay interest on the money used in the business because the funds used belongs to the person.
Banks loans and credit cards are subject to interest payment over the duration of the loan. Interest would increase the cost of starting the business. Funds that are gotten either from bank loans or personal savings can be lost if the business is not successful. Also, three is an opportunity cost associated in using the funds for starting a business. Opportunity cost is the cost of the next best option forgone when one option is chosen over other options.
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For the majority of millennials, the cost of paying off their student loans has wound up holding them back from living on their own, making major purchases like buying home and even being able to start a family…
Trade schools cost a fraction of what public and private schools cost. The average cost of vocational school comes out to around $33,000 – for the entire education. This the average cost of a single year of college.
–"The Financial Case for Trade School Over College," Mel Bondar, US News
According to the text, why is trade school more economical for some students? Select two that apply.
a). The cost of attending trade school is cheaper than the cost of a 4 year college.
b). Trade school graduates make more money than college graduates.
c). The cost of attending a 4 year college is offset by higher earnings in the long run.
d). Students who chose trade school over college often make better financial decisions.
e). Students who graduate from trade school have less debt than college graduates.
Answers
Answer:
A) The cost of attending trade school is cheaper than the cost of a 4 year college.
E). Students who graduate from trade school have less debt than college graduates.
Explanation: I just took the test on a virtual course and got it right. Hope this helps :)
Trade school more affordable for some students cost, according to the text A trade school is less expensive to attend than a four-year university. Thus option (a, e) is correct.
What is the cost?A cost is the amount of money that has been spent to produce something or provide a service and is thus no longer accessible for use. In business, the cost could be one of acquisition, in which case the money spent to obtain it is recognized as cost. In this situation, money is the input that is used to purchase the item.
If you set a goal of 5 jars of mayonnaise and only have 2 on hand, you know you need to order 3 more. Private expenses are the costs borne by the buyer of a commodity or service. This is also known as the costs associated with the firm's production function. External costs (also known as externalities) are the costs borne by people other than the buyer.
Therefore, Thus option (a, e) is correct.
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Chloe enjoys her math classes, and she would like to find a career that will allow her to continue to use her math skills. Which career would be a good fit for her? A. accountant B. purchasing agent C. commercial carpenter D. human resources manager
Answers
Answer:
Just give
PhysicsGirl brainiest
A profit-maximizing firm is currently producing a quantity at which price is less than average variable cost. To maximize profit, the firm will do which of the following in the short run and the long run?AShut down in the short run and exit the market in the long run.BProduce less quantity in the short run and increase its scale of production in the long run.CProduce more quantity in the short run and increase its scale of production in the long run.DContinue producing the same quantity in the short run and in the long run.EContinue producing the same quantity in the short and exit the market in the long run.
Answers
A profit-maximizing firm is currently producing a quantity at which price is less than average variable cost, "the firm will shut down in the short run and exit the market in the long run to maximize profits" (option A).
Firms must consider two variables to maximize profits: cost and revenue. Profit is the difference between the revenue generated by the firm and the cost of production. To maximize profits, firms must decide what amount of product to produce and sell based on the cost of production and the demand for the product.
If the price is less than the average variable cost, the profit-maximizing firm will shut down in the short run and exit the market in the long run. Therefore, the correct answer is (A) shut down in the short run and exit the market in the long run.
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the karez well system _______. a. was the first known use of wells b. was a postindustrial system c. transported groundwater from a distance d. all of
Answers
The Karez well system transported groundwater from a distance. Option c. is correct.
The Karez well system, also known as Qanat, is an ancient irrigation system that originated in Persia (modern-day Iran) and was later adopted by other regions.
It consists of a series of gently sloping underground tunnels or canals that tap into groundwater sources located at higher elevations. These tunnels transport water over long distances to arid regions for agricultural and domestic use.
Therefore, option c. "transported groundwater from a distance" is the correct answer.
The question should be:
The Karez well system _______.
a. was the first known use of wells
b. was a postindustrial system
c. transported groundwater from a distance
d. all of the above
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What government agency seeks to promote U.S. businesses interests in
foreign markets?
A. ITA
O B. IRS
O C. FTC
O D. FDA
Help asap please
Answers
Answer:
Federal Trade Commission
Explanation:
what are the two main reasons that marketers prefer to obtain secondary data first? a) It is easier to obtain than primary data and is more reliable. b) It is cheaper and quicker to obtain than primary data. c) Secondary data is more specific and relevant to the research objectives. d) Secondary data is more accurate than primary data.
Answers
The two main reasons that marketers prefer to obtain secondary data first are that it is cheaper and quicker to obtain than primary data, and it can also provide a good foundation for further research. Option B.
While primary data may be more specific and relevant to the research objectives, secondary data is often more reliable and can provide valuable insights that can guide the research process.
Additionally, secondary data can be used to validate findings from primary research, making it an important tool for marketers looking to make informed decisions based on data-driven insights.
Hence, the correct answer is Option B. It is cheaper and quicker to obtain than primary data.
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Has Anna's fasfa been selected for verification? In your own words, describe what the process of verification is.
Answers
Answer: The process of verification is used by schools to confirm that data submitted on the FAFSA form is correct
Explanation:
The process of verification is used by schools to confirm that data submitted on the FAFSA form is correct. When you request the verification, the school would request additional documents to support the information you supplied, this is for clarification and ensuring you are the right person or you own the information.
Which of the following gas satisfaction measures wWhich of the following gas satisfaction measures would Be this for a company to use if they want to estimate how many customers might recommend them to their friends?
CES
CSAT
PSC
NPS
Answers
Answer:
Simple Random Sample
Explanation:
Your maitre'd's starting salary is $38,000/year. You have promised her an 8% raise per year for her first 5 years. What will yearly salary be after 5 years?.
Answers
Yearly salary will be after 5 years is $608. The money you earn in the first few months or years of employment is your starting salary.
Starting salary= $38,000/year
Per year raise = 8%
First year = 5 years
= $38,000*8%/5
= 3040/5
= $608
The money you earn in the first few months or years of employment is your starting salary. These details may have been included in the initial job description, in an interview with the employer, or in an employment contract. While some starting salaries are fixed and cannot be negotiated, the correct strategies can help you secure a better starting salary.
Choosing the right time to bring up compensation negotiation might be difficult. The instances in which it is appropriate to start a conversation with an employer about your wage expectations are covered in the following section.
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What is one major function of retail banks?
A. Keeping all deposits in reserve at all times
B. Offering loans that use car titles as collateral
C. Providing credit and debit cards to customers
D. Managing the payroll of major corporations
SUBMIT
Answers
Answer:
The role of retail banking is to help individual consumers manage their money, gain access to credit, and deposit their money in a secure way.
Explanation:
Providing credit and debit cards to customers is a major function of retail banks. Hence, the correct answer is option C.
What are retail banks?Retail banks are financial institutions that provide banking services to individuals and small businesses. These services include deposit accounts, such as savings and checking accounts, as well as loans, mortgages, credit and debit cards, and other financial products.
Providing credit and debit cards to customers is a major function of retail banks because it allows customers to make purchases without the need for cash and helps facilitate online and mobile payments. Credit and debit cards also generate revenue for retail banks through fees and interest charged on balances, making them an important source of income for banks.
Hence, providing credit and debit cards to customers is a major function of retail banks. Therefore, the correct answer is option C.
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mia's massachusetts brokerage firm must ensure all documents are handled properly, including proper creation, distribution, security, storage, and .
Answers
One important aspect of document maintenance is retention. Mia's Massachusetts brokerage firm must maintain proper records retention policies and procedures that comply with applicable laws and regulations.
Retention policies specify how long different types of documents should be retained, which can vary depending on the type of document and the legal requirements. For example, certain financial documents may need to be retained for several years while other non-critical documents may only need to be kept for a shorter period.
Mia's brokerage firm should also ensure that all documents are securely stored, protecting them from unauthorized access or theft. This may require implementing physical security measures such as locked cabinets or digital security measures like encryption and password protection.
Proper distribution of documents is also critical to maintain their integrity. Mia's brokerage firm should ensure that documents are only distributed to authorized persons who have the appropriate permissions and need-to-know access.
Finally, Mia's brokerage firm should have well-defined procedures for the creation and destruction of documents. This includes ensuring that all documents are accurately and completely created, reviewed, and approved before distribution. Additionally, proper procedures should be in place for the destruction of documents when they are no longer needed, ensuring that confidential information is properly disposed of and cannot be accessed by unauthorized parties.
By implementing these best practices for document handling, Mia's Massachusetts brokerage firm can ensure that all documents are handled properly, maintaining their integrity and complying with legal and regulatory requirements.
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what do you when you want to remove unnecessary areas of an image?
Answers
When you want to remove unnecessary areas of an image, you can use image cropping techniques to select and retain only the desired portion of the image. Image cropping techniques: methods to remove or adjust image boundaries.
Image cropping techniques used to remove unwanted areas or elements from an image. It involves selecting a specific region of interest and discarding the rest. This process allows you to focus on the relevant part of the image and eliminate any distractions or unnecessary information. To crop an image, you can use various software tools or image editing applications. These tools provide options to select a specific area by drawing a rectangle or using predefined shapes. Once the selection is made, the software allows you to apply the crop operation, which results in a new image containing only the selected portion.
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A lease agreement contains a clause that gives the tenant the right to purchase the property at a specified price. This type of agreement is called a
Answers
Answer: Finance Lease
Explanation:
There are two main types of leases which are operating leases and finance leases. Operating leases work much like an asset being rented so no ownership is passed from the person leasing to the leasee.
When it comes to finance leases however, the person leasing treats the asset as if it is their own. They record depreciation and list it as an asset in their balance sheets. At the end of the lease term, the leasee then has the option to purchase the asset.
Your finance rate is determined by your credit history and credit rating.
True
False
Answers
Answer: True!
Explanation:
I am stuck on this question can someone help?
Answers
Answer:
college-sociologist, hairstylist, biomedical engineer
vocational certification- tour guide, childcare director, museum personnel
Explanation:
money that individuals receive from businesses return to businesses in question 2 options: the payment for resources. the factor markets. the product markets. buying productive resources
Answers
The money that businesses give to customers goes back to those companies in the product markets. The answer is option (c).
What is a Product Market?The economic exchange when finished items or services are traded is called a product market. Since it relates to the business environment of a certain economic system, it is not constrained by a specific geographic place.
The product market is where the interplay between demand and supply for finished items occurs. Businesses act as suppliers by making their products accessible to potential customers at prices set by the ebb and flow of demand and supply. The market is typically overseen by governments and other organizations, and depending on the level of control they impose, the market may be classified as either free or restricted.
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ok, legit question are you ready?
Ok why has no one added me back or added me period
Answers
Answer:
whatttt
Explanation:
Answer: me
Explanation:
I'll add you
1929 and 1933 what was the real return on the stock market in each year
Answers
In 1929, the real return on the stock market was -25.51%. In 1933, the real return on the stock market was 33.78% as these years marked the beginning and end of the Great Depression.
In 1929, the stock market crashed, leading to a decrease in stock prices and a negative return for investors. This marked the beginning of the Great Depression, a period of economic downturn that lasted for several years. In 1933, the stock market had not yet fully recovered, and the real return was still negative.
It is important to note that the real return on the stock market takes into account not only the change in stock prices, but also the effect of inflation. During the Great Depression, there was deflation, meaning that prices were decreasing. This further contributed to the negative real return on the stock market during this time period.
In conclusion, the real return on the stock market in 1929 and 1933 was negative due to the stock market crash and the effects of the Great Depression.
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SUN acquired 100% of the voting shares of MOON. In exchange, SUN issued 60,000 common shares, with a market value of $22 per share, to the common shareholders of MOON. Both companies have a June 30 year-end, and this transaction occurred on June 30, 2020.
The following are the statements of financial position of the two companies at June 30, 2020 before the transaction took place.
Statements of Financial Position June 30, 2020
SUN
Moon
Carrying Value
Fair Values
Carrying Value
Fair Values
Current assets
$ 450,000
$ 400,000
$ 200,000
$ 225,000
Capital assets (net)
14,000,000
12,000,000
1,000,000
950,000
Goodwill
200,000
-
Total
14,650,000
1,200,000
Current liabilities
$ 200,000
$ 100,000
$ 145,000
$ 150,000
Long-term liabilities
600,000
625,000
200,000
180,000
Preferred shares
-
200,000
200,000
Common shares
250,000
250,000
Retained earnings
13,600,000
405,000
14,650,000
1,200,000
Instructions: Enter all numbers without dollar signs. Round numbers to the nearest whole dollar do not enter any decimals in your number. Use commas properly. If the amount is zero, enter 0, do not leave any answers blank. For example, a properly formatted number is 125,250. Numbers incorrectly formatted with not result in any marks.
Required
Using the consolidated statement of financial position for the date of acquisition determine the following
Current assets
Capital assets (net)
Goodwill
Current liabilities
Long-term liabilities
Preferred shares
Common shares
Retained earnings
Answers
The current assets of SUN and MOON as of June 30, 2020 were $650,000 ($450,000 + $200,000) and $225,000, respectively. As per the consolidated statement of financial position, the total current assets are $875,000 ($650,000 + $225,000).
The capital assets (net) of SUN and MOON as of June 30, 2020 were $15,000,000 ($14,000,000 + $1,000,000) and $950,000, respectively. The total capital assets (net) as per the consolidated statement of financial position would be $15,950,000 ($15,000,000 + $950,000).
SUN had a goodwill of $200,000, but MOON had none. Therefore, the consolidated statement of financial position would include a goodwill of $200,000.Current liabilities of SUN and MOON were $200,000 and $145,000, respectively.
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What was one result of the Bretton Woods system?
A. The U.S. dollar became backed by gold for the first time.
B. The U.S. dollar was no longer accepted in most countries.
C. The U.S. dollar became more valuable and influential.
D. The U.S. dollar lost its status as the world's reserve currency.
Answers
One of the results of the Bretton woods system was that the U.S dollar became more valuable and influential.
What is Currency?Currency is a medium for exchange for goods and services. It is a form of legal tender approved by the government and accepted by all as a means of exchange.
The U.S dollar is a popular form of currency that is accepted by most countries as a form of exchange. After the Bretton Woods system was adopted, the U.S dollar became more influential and valuable to many.
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Briefly explain the following terms.
Production =
Labour intensive =
& Capital intensive =
Answers
Explanation:
1.Production is a process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (output). It is the act of creating an output, a good or service which has value and contributes to the utility of individuals.
2 . Labour intensive =The term "labor-intensive" refers to a process or industry that requires a large amount of labor to produce its goods or services.
3.Capital intensive =
The term "capital intensive" refers to business processes or industries that require large amounts of investment to produce a good or service and thus have a high percentage of fixed assets, such as property, plant, and equipment
The average life expectancy of which type of economy is generally very high?
A.
economies with a high HDI and GDP
B.
economies with a low HDI and GDP
C.
economies with a high GDP
D.
economies with a low GDP
E.
economies with a high PPP only
Answers
Answer:
c
Explanation:
im not 100% sure but i think c is the one