If a firm raises its product prices beyond reasonable levels, it will simply lose its market share.?
Answer the following statement true (T) or false (F)
True
In a reasonably competitive economy, which exists in the United States, prices are constrained by competition and consumer resistance. If a firm raises its prices beyond reasonable levels, it will simply lose its market share. See 1-3: What Goal(s) Should Businesses Pursue?
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Which of the following is the most likely reason fraud within a company is detected?
a. Internal audits are conducted both routinely and unexpectedly. b. External auditors have become more knowledgeable in how to look for fraud. c. Internal controls have become more sophisticated. d. Employees who have suspicions about possible fraud report them.
If A and B are independent events with P(A) = 0.4 and P(B) = 0.25, then P(A?B) =
A. 0.65. B. 0.55. C. 0.10. D. 0.75.
Dingo Boot Company uses the direct method to prepare its statement of cash flows. The company had the following cash flows during 2014: Cash receipts from the issuance of common stock ......... $400,000 Cash receipts from customers ............................ 200,000 Cash receipts from dividends on long-term investments ... 30,000 Cash receipts from repayment of loan made to another company
............................................... 220,000 Cash payments for wages and other operating expenses .... 120,000 Cash payments for insurance ............................. 10,000 Cash payments for dividends ............................. 20,000 Cash payments for taxes ................................. 40,000 Cash payment to purchase land ........................... 80,000 See information regarding Ding Boot Company above. The net cash provided by (used in) investing activities is a. $220,000. b. $140,000. c. $60,000. d. $(80,000).
Jana and Annie enter into a written agreement whereby Jana promises to sell and Annie
promises to buy a certain parcel of land for $5,000. There is adequate consideration, the contract is legal and both parties have contractual capacity. The contract is fully performed by both parties on January 1. Which of the following best describes this contract as of January 2? A) Unilateral, implied, executory, valid B) Bilateral, express, executed, valid C) Unilateral, express, executed, valid D) Unilateral, express, executory, valid