The answer is B.
The 5 characteristics of a market economy are ability to own private property, freedom of economic choice, motivation by self interest, competition and limited government intervention. A sounds more socialist, as that would imply the government supplies the people with goods such as food, instead of leaving it to private enterprise.
Hope this helps.
Characteristic of a market economy is self-interest motivates buyers.
A Market economy is an economic system regulated by supply and demand, not the government. Most of the resources, equipment, buildings, goods, and services in a market economy own by individual and private business. Most economic decisions are made by buyers and sellers, not the government.
Characteristics of market economy are:
Another type of economic system is a market economy, traditional economy, and a mixed economic system. Nowadays, many command economies began adding aspects of the market economy, we call it a mixed economic system.
The goal of the command economy brainly.com/question/1362251
Characteristic of a command economy brainly.com/question/2065265
The function of the economic system brainly.com/question/12060180
Keywords: command economy, central government, characteristic of a command economy, economic system
Answer:
C. By realizing gains through increase in share price and cash divideneds.
Explanation:
For most corporations, the management must strive to ensure the firm is doing well in the market space. Once a company is doing well, it will affect its share price positively on the stock exchange.
An increase in the share price of fim is a gain to the firm and its corporate owners. I.e sharedholders. This means that the value of their investment in the firm has appreciated.
Furthermore, the firm must try to make profit which is one of the reason of being in business. A firm that is making profit will be able to declare same at the end of the financial period, hence corporate holders(shareholders) would be have part in profit declaration through dividened.
the entrepreneur has significant experience in the business.
B.
there are no family or friends involved in the business.
C.
the entrepreneur has already saved some of the required start-up funds.
D.
the entrepreneur has a solid business plan to present.
Answer:
The correct answer is (B)
Explanation:
Entrepreneurs are usually encouraged by the banks to apply for funding's, to encourage more people to start their own companies and businesses. Before giving funds, banks analyse a few things such as business plans, experience etc. The only thing banks do not want to see is ' No involvement of family and friends'.Banks believe that there is less risk involved when a family is involved in a business because the entrepreneur will work more hard to stick and will make sure the company survives and grow.
You have an insurance policy with a $300 premium and a $500 deductible. How much should you expect to pay the insurance company each month for coverage?
a. $200
b. $300
c. $500
d. $800
Insurance is protection from financial loss. Insurance is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. Insurance is a financial product sold by insurance companies to safeguard people also property against the risk of loss, damage or theft (flooding, burglary or accident).
Whereas the insurance policy is the contract between the insurer and the insured known as the policyholder, that determines the claims which the insurer is legally required to pay. Whereas Insurance coverage is the amount of risk/ liability covered for an individual/entity by way of insurance services.
Insurance policy = $300 premium, $500 deductible. A deductible is the amount you pay out of pocket when you make a claim.
A lower deductible means higher monthly payments. If you have a low deductible, you have more coverage from your insurance company and you have to pay less out of pocket in the case of a claim. A higher deductible also means the reduced cost in the insurance premium.
Then we should pay the insurance company each month for coverage = $300
Grade: 9
Subject: Business
Chapter: insurance
Keywords: insurance policy, premium, deductible, insurance company, coverage
Answer:
$5
Explanation:
If Premier Co. incurs a unit-level cost of $490 per unit
Product design cost = $50000
Facility-level cost = $100000
No of units produced annually = 10000
Product design cost/unit = $50000/10000 = $5
Facility-level cost/unit = $100000/10000 = $10
Hence total production cost per unit = $490 + $5 + $10 = $505
However, the supplier is willing to produce the bench at $500 per unit
Thus avoidable production cost for 1 bench = $505 - $500 = $5
Answer:
Customer orientation
Explanation:
Customer orientation is described as a strategy to revenues and customer relationships in which employees focus on developing customers encounter their brief-term needs and desires. Here, management and staff align their physical and technical goals with customer satisfaction and retention.
Customer orientation is crucial to the gratification of a customer. Analysis into customer needs and satisfaction can improve your organization's customer orientation.
B. Equilibrium point
C. Equilibrium price
D. supply