Pure monopoly - Study guides, Class notes & Summaries

NIGP-CPP Exam Questions With Verified Answers. Sierra, a Procurement Director is developing her department's Continuity of Operations Plan. Which step should she do first to determine her departments essential functions? o Call a similar public entity and ask for a copy of their continuity of operation plan o Ask her customers what functions are most important to them o Document then list all procurement functions o Ask other entities who have experienced a disaster what their essential ...

____ have both tangible and intangible characteristics. - Products _____ are responsible for tactical planning that will implement the general guidelines established by top management. - Middle managers ___________ exists when there are many small businesses selling one standardized product. - Pure competition ___________ is an account showing money owed to a company by its clients or customers. - Accounts receivable A budget surplus, when a nation spends less than it takes in from taxes,...

Define and Understand Business correct answers An organization that provides goods, services, ideas and/or experiences in an effort to accomplish their organizational mission Strategic Business Planning Includes correct answers Operations, Finance, Marketing, And Human Resources Profits correct answers Difference between a business's revenue and expenses Profit = Income - Expenses For perfect or pure competition to exist, two conditions must prevail: correct answers 1. All firms in an ...

Business Acumen WGU - C201. Exam Questions and answers, 100% Accurate. VERIFIED. In general, as price of a good or service increases, the quantity demanded: remains the same irrespective of the product type. first increases and then decreases irrespective of the product type. increases. declines. - -declines. A graph showing the amount of a product that buyers will purchase at different prices is the _____ curve. demand utility production possibility supply - -demand Incentives ...

WGU C201 Business Acumenbalanced budget situation in which total revenues raised by taxes equal the total proposed spending for the year. budget organization's plan for how it will raise and spend money during a given period of time. taxes, fees, and borrowing. The primary sources of government funds to cover the costs of the annual budget are budget deficit situation in which the government spends more than the amount of money it raises through taxes. budget surplus ex...

MIE 201 Test 1 Makanui 100% Correct Solved business - Correct Answer ️️ -individuals or organizations who try to earn a profit by providing products that satisfy people's needs products - Correct Answer ️️ -a good or service with tangible and intangible characteristics that provide satisfaction and benefits profit - Correct Answer ️️ -the difference between what it costs to make and sell a product and what a customer pays for it nonprofit organizations - Correct Answer ️️...

Pure competition CORRECT ANSWER Economic model that describes a hypothetical market form in which neither the producer or consumer has the market power to influence prices. Defines a market equilibrium in which all resources are allocated and used efficiently, and collective social welfare is maximized. monopolistic competition CORRECT ANSWER Common market from where there are many producers and consumers, consumers perceive that there are non-price differences in the products, few barriers t...

Business Management Exam Questions And Answers Solved Correctly Business - answerThe organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs. What are the four resources a business needs in order to be successful? - answerHuman resources, material resources, informational resources, and financial resources. What do service businesses do? - answerThey provide services. Ex: Haircuts, legal advice, tax preparation, etc. Interme...

balanced budget situation in which total revenues raised by taxes equal the total proposed spending for the year. budget organization's plan for how it will raise and spend money during a given period of time. taxes, fees, and borrowing. The primary sources of government funds to cover the costs of the annual budget are budget deficit situation in which the government spends more than the amount of money it raises through taxes. budget surplus excess funding that occurs when government...

MKT-315 GCU MIDTERMCREST method - correct answer C: "Calm the Customer" R: "Repeat the Problem" E: Use "Empathy Statements" S: "Solve the Problem" T: Make a "Timely Response" - Good customer service increases customer loyalty and future sales. Maslow's Hierarchy of Needs - correct answer physiological, safety, love/belonging, esteem, self-actualization Types of Purchases - correct answer new task, straight rebuy, modified rebuy New task/buy - correct answer Purchases...