Why does supplier competition make it harder for an entrepreneur to be successful

Answers

Answer 1

Answer:

because the supplier is already supplying sellers with what the entrepreneur is supposed to be selling and if more people are going to the other suppliers than no one will buy it from the entrepreneur because they can get it from suppliers

Explanation:

sorry if its wrong!

Answer 2

Its gives other entrepreneur advantage over the entrepreneur in question.

Suppliers encompasses people who supplies raw materials, finished goods to the users which can be an organisation or an entrepreneur.

Now, when there is competition, people tends to approach suppliers whose goods are cheaper. This gives some entrepreneur advantage over others because they sells at price at lower than their competitors.

A typical example is when a supplier prefers to supply goods to an entrepreneur in an axis based on previous relationship. Other entrepreneur may suffers because they might get the product at higher price from another supplier

In conclusion, if  price ceiling are employed, it will make uniform the price at the all suppliers will sell their goods to entrepreneur, hence, no entrepreneur will at higher advantage than others

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Related Questions

QUESTIUN S What is a premium?​

Answers

Answer:

a premium is a price paid for higher and better quality value

Explanation:

the word premium comes from the Latin premium which means prize or reward hope this helps!!

True or False: Your payroll office will calculate and deduct your taxes from your gross pay for each pay period.

Answers

Answer:

true

Explanation:

if you get a physical check, you can see where these garbage taxes go to, lol. its a complete scam if you ask me.

Answer: Answer is true

Explanation:

what is copyright infringement in your own words

Answers

Answer:

DescriptionCopyright infringement is the use of works protected by copyright law without permission

Explanation:^

A voucher is an internal document or file: Multiple Choice Used to prepare a bank reconciliation. Used as a substitute for an invoice if the supplier fails to send one. Used to collect information needed to control cash payments and to ensure that transactions are properly recorded. Takes the place of a bank check. Used by large companies to control cash receipts

Answers

Voucher is used as a substitute for an invoice if the supplier fails to send one and to collect information needed to control cash payments and to ensure that transactions are properly recorded.

What is Voucher?

Voucher is a type of document used by a company, firm, organization or industry. It is used to record cash or money to be paid.

Different department in an organization also use it and it is important for backup.

Therefore, a Voucher is used as a substitute for an invoice if the supplier fails to send one and to collect information needed to control cash payments and to ensure that transactions are properly recorded

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Dent, Inc., has a beginning inventory balance of $170,000 and purchased $320,000 worth of merchandise during the first 6 months of the calendar year. Dent also sold merchandise with a cost of $410,000 during the first 6 months of the calendar year. Under the periodic inventory method, the balance in Dent's Inventory account (per the general ledger) at June 30 is $ .

Answers

Under the periodic inventory method, the balance in Dent's Inventory account (per the general ledger) at June 30 is $170,000.

What is Periodic inventory method?

Periodic inventory method can be defined as the process where  inventory are recorded periodically.

Based on the information given the balance in Dent's Inventory account  at June 30 will be $170,000 which is the beginning inventory balance reason being that under the periodic inventory method inventory are not record as the occur but are recorded at the end of accounting period.

Inconclusion under the periodic inventory method, the balance in Dent's Inventory account (per the general ledger) at June 30 is $170,000.

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This morning, you received a phone call alleging you owe a debt. If you dispute this debt, you must write to the debt collector and request verification of the obligation. How many days do you have to send this letter

Answers

Since this has to do with a debt that has been disputed by you, the number of days you have to send this letter is 30 days.

How Many Days Are Required to Send a Debt Dispute Letter?

Following the receipt of a phone call from a debt collector concerning a debt that has been disputed, the next action you must take is to write the debt collector a letter within 30 days after the initial contact.

After then, the debt collector must stop all collection attempts until the appropriate verification is acquired.

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If a customer or an employee is involved in a minor accident on the business premises, an employee is the businesses should do what

Answers

If a customer or an employee is involved in a minor accident, the case should be reported to the Health, Safety and Environmental department.

What is an Accident?

An accident is an unplanned event that can lead to the injury or death of someone. It can also lead to the destruction of properties. This is an unintended, unexpected event that might have resulted from the carelessness of an individual or that might not have been caused by an individual.

If a minor accident should occur in a business premises, the case should be reported to the HSE department and appropriate actions should be taken so as to avoid a future occurrence.

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The following information comes from the 2021 Annual Report to stockholders of Composition Inc. (in thousands): From the Statement of Changes in Shareholders' Equity: Paid-in capital—excess of par Number of Treasury shares Treasury stock amount Retained earnings BALANCES AT December 31, 2019 $ 0 (30,561 ) $ (524,321 ) $ 1,673,382 Net earnings - - - 242,941 Sales of common stock under option plans (5,181 ) 377 10,738 - Cash dividends declared on common stock: $0. 5375 per share - - - (68,952 ) Compensation under employee incentive plans (1,802 ) 395 9,408 - Treasury shares exchanged for Acquisitions 139,209 20,449 318,293 - Purchase of shares for treasury - (6,668 ) (122,906 ) - BALANCES AT December 31, 2020 132,226 (16,008 ) (308,788 ) 1,847,371 Net earnings - - - 81,965 Sales of common stock under option plans (3,538 ) 279 7,095 - Cash dividends declared on common stock: $0. 5475 per share - - - (72,903 ) Compensation under employee incentive plans (196 ) 366 8,271 - Purchase of shares for treasury - (2,933 ) (48,678 ) - BALANCES AT December 31, 2021 $ 128,492 (18,296 ) $ (342,100 ) $ 1,856,433 From the Statement of Cash Flows: Cash flows from financing activities: 2021 2020 Dividends paid $ 72,244 $ 66,932 Required: What was the fair value of the treasury stock exchanged for asset acquisitions for 2020?

Answers

The average cost per share of the treasury stock that was purchased for both years will be $18.43 and $16.60 respectively.

How to calculate the average cost?

The average cost per share in 2020 will be:

= $122906/6668

= $18.43

The average cost per share in 2021 will be:

= $48678/2933

= $16.60

The fair value of the treasury stock that was exchanged for asset acquisition will be:

Treasury shares = $318293

Add: Paid in capital = $139209

Total = $457502

In conclusion, the fair value of treasury stock is $457502.

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brown corporation earns 720000 and pays cash dividends of 240000 during 2021. Dexter corporation owns 3000 of the 10000 outstanding shares of brown how much investment income should dexter report

Answers

If Dexter corporation owns 3000 of the 10000 outstanding shares of brown the amount of investment income should dexter report is :$1,104,000.

Investment income

Using this formula

Investment income=Beginning balance+(Earning×Outstanding shares percentage)-(Cash dividend×Outstanding shares percentage)

Let plug in the formula

Investment income=$960,000 + ($720,000 ×3,000/10,000) - ($240,000 × 3000/10000)

Investment income=$960,000 + ($720,000 × .3) - ($240,000 × .3)

Investment income=$1,104,000

Inconclusion the amount of investment income should dexter report is :$1,104,000.

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______________ can be measured as the income that could have been earned on an asset, based on the potential rate of return that is lost or sacrificed when one alternative use of the asset is chosen over another.

Answers

Answer:

Opportunity cost

Explanation:

Dictionary Definition: the loss of potential gain from other alternatives when one alternative is chosen.

Related back to your question opportunity cost fits this definition.

what generally happens to the purchasing power of cash over time?

Answers

Answer:

it goes down.

Explanation:

back in the 1980s or whatever, someone working a job at a gas station could provide decently comfortably for their family... that is absolutely not true as of today. you will be out on the street starving if you work one job, that is a minimum wage job.

Answer:

A. It doubles.

Explanation:

Financial accounting standards are known collectively as gaap. What does that acronym stand for?.

Answers

Answer:

Generally Accepted Accounting Principles

Explanation:

Adjusting entries to record expenses incurred in the current period, that will be paid in a future period, is described as

Answers

Answer: accruing unpaid expenses

Explanation:

how does data mining help interactive marketing for a business?
A. by predicting which customers are likely to go to a competitor
B. by identifying which prospects should be included in a mailing list
C. by revealing the difference between a typical customer this month and last
D. by predicting what each individual accessing a website is most likely interested in seeing​

Answers

Answer:

a

Explanation:

from what i learned, this is a process that helps retain customer loyalty by basically taking data points and guessing for each consumer. none of the other ones seem right tbh.

Answer:

D. By predicting what each individual accessing a website is most likely interested in seeing.

Explanation:

I took the test.

________________________ 1. defense agreements among nations ________________________ 2. an understanding among nations ________________________ 3. information designed to influence people ________________________ 4. the line of battle ________________________ 5. an agreement to end the fighting ________________________ 6. the gathering of resources and preparations for war ________________________ 7. people who believe industries should be publicly owned ________________________ 8. a person opposed to the use of violence ________________________ 9. opposition ________________________ 10. spying ________________________ 11. secret action to damage a war effort ________________________ 12. payment for damage caused by war

Answers

The terms explained below relate to the International Agreement and Political System which are usually derived from the occurrence of international conflict or war.

Terms Used International Agreement Political System

1. Alliance system refers to defense agreements among nations.

The Alliance system also refers to international defense treaties.

2. Entente is an understanding among nations.

Entente can also be referred to as a treaty between nations.

3. Propaganda refers to information designed to influence people.

Therefore, information intended to persuade individuals is referred to as propaganda.

4. Front refers to the line of battle.

The front also refers to the combat line.

5. Armistice refers to an agreement to end the fighting.

Armistice can also be referred to as a cease-fire agreement.

6. Mobilization refers to the gathering of resources and preparations for war.

Mobilization, therefore, refers to the act of accumulating resources and making military preparations for war.

7. Socialists are people who believe industries should be publicly owned.

Socialists, therefore, think that industries should be owned by the government.

8. Pacifist is a person opposed to the use of violence.

A pacifist is someone who is against the use employment of force.

9. Dissent refers to opposition.

10. Espionage refers to spying.

11. Sabotage refers to a secret action to damage a war effort.

Sabotage is therefore a covert operation used to harm a combat effort.

12. Reparation refers to payment for damage caused by war

This implies that the term "reparation" refers to the payment of damages incurred as a result of a war.

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What is the role of the three questions of economics?

Answers

Answer: 1. what to produce? 2. How to produce? 3. what consumes what is produced?

 

Explanation: Hope this helps :)

An advantage of doing company research before an interview is a. It improves the applicant's ability to market their skills b. It can increase the confidence of the applicant c. It can compensate for a lack of experience d. All of the above Please select the best answer from the choices provided Brainly

Answers

Answer:

D. All of the above

Explanation:

All the given statements are advantages of doing company research before an interview. Thus, option 'D' is the correct option.

What are the benefits of a research interview?

Prior research about a potential job enables you to learn. You'll pick up useful knowledge about their company, their customers, and the market in general. Gaining expertise will therefore make you feel more at ease and confident throughout the interview. The interviewer will be able to see that you performed your research. especially if you are able to really speak with them about the position and the company.

You may get a deeper understanding of a firm by understanding its mission statement and core values. Gaining knowledge of the employer's priorities and areas of concern will enable you to better understand who they are. Simply put, conducting a study before to your interview will show that you are serious about the position.

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#SPJ5

Which is an example of an interest group?

Answers

Answer:

sport club

Explanation:

because they share the same interest in sports :)

If you want to know whether a company had a profit or a loss during a specific period of time, which financial statement would be most helpful?
A.
Statement of owners' equity
B.
Cash flow statement
C.
Balance sheet
D.
Income statement

Answers

Answer:

The answer would be D. Income Statement!

Explanation:

Answer:

D

Explanation:

If a person wants to work from home in the Business, Management and Administrative careers, what is required?
O a cubicle to keep the person on task
0 a private office to protect confidential information
proper technology to keep the person connected
proper travel arrangements to meet with customers

Answers

Answer:

proper technology to keep the person connected

Explanation:

Working from home entails accessing the office remotely. The employee gets connected to the company's private network while at home.  A good internet connection is required for the employee to be connected to the office systems while at home.

Apart from connectivity, they may need a virtual private network application to access the company's private network. The employee's home computer will need configuration to access office applications. Proper technology is, therefore, required to keep an employee connected.

Answer:

C) proper technology to keep the person connected

Explanation:

Blissful Breeze manufactures and sells ceiling fans. Variable selling and administrative expense is $11.50 per fan and fixed selling and administrative expense is $7,800 per month. If Blissful Breeze produces 900 fans and sells 842 fans this month, total selling and administrative expenses will be $:___________ . (Enter your answer as a whole number.)

Answers

Based on the variable selling and administrative expenses, the total selling and administrative expenses for Blissful Breeze will be $17,483.

What will be the total selling and administrative expenses?

This can be found with the formula:

= Variable selling and administrative expenses + Fixed selling and administrative expenses

Solving gives:

= (842 fans sold x 11.50) + 7,800

= $17,483

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Suppose the following list of events describes all of the economic activity resulting from an increase in government spending. Suppose that at each step after the initial one, the marginal propensity to consume is 0. 75, and there are no taxes Step 0. The government spends $5,000 on meat to host a very large dinner for foreign diplomats.

Step A. The butcher takes the income daughter. Arned by selling the meat, saves some, and spends the rest on a wedding cake for his

Step B. The baker who produced the wedding cake saves some of her earnings and uses the rest to purchase beautiful candlesticks as gifts for all of her friends.

Step C. The local candlestick maker saves some of his revenue for retirement and spends the rest on building materials to improve his house.

Instructions:

Modify the settings in the interactive tool to represent this event. Then click "Spending Rounds" and use the table to answer the following questions. Round answers to the nearest cent, if necessary

1. How much does the baker earn for selling the cake? $

2. How much does the baker spend on candlesticks? $

Answers

1. The amount that the baker earns for selling the cake is $3,750 based on the butcher's marginal propensity to consume of 0.75 of his income ($5,000 x 0.75).

2. The amount that the baker spends on candlestick is $2,812.50 based on the candlestick maker's marginal propensity to consume 0.75 of his income ($3,750 x 0.75).

What is the marginal propensity to consume?

Economics defines the marginal propensity to consume (MPC) as the proportion of the income that a consumer spends on the immediate consumption of goods and services.

The marginal propensity to consume (MPC) is the opposite of the marginal propensity to save (MPS).  Both economic indexes describe how consumption or savings change, given some changes in income.

Data and Calculations:

Marginal Propensity to Consume = 0.75

Taxes = 0%

Government spending on meat = $5,000

Step A:

Amount spent by butcher on daughter's wedding cake = $3,750 ($5,000 x 0.75).

Step B:

Amount spent on the purchase of beautiful candlesticks by baker for producing the wedding cake = $2,812.50 ($3,750 x 0.75).

Step C:
Amount spent by the local candlestick maker on building materials to improve his house = $2,109.38 ($2,812.50 x 0.75).

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In what ways does a teacher or coach act as a manager?

Answers

Answer:

the person or people controlling and directing the affairs of a business.

i think so hope it helps.

Explanation:

If the firm’s marginal cost per customer is $30, and the firm wants to follow the profit-maximizing rule, what would be the firm’s quantity of customers and price charged per customer?.

Answers

With the marginal cost per customer, the quantity of customers is 4000 and the price is $60.

What is marginal cost?

It should be noted that marginal cost simply means the extra cost that's incurred as a result of the additional output produced.

In this case, from the complete question, with the marginal cost per customer, the quantity of customers is 4000 and the price is $60.

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Rachel went on a mini vacation to the Rocky Mountains for a week. When she returned home, she opened the billing statement for her credit card account. She found that there were transactions on her credit card within the past week in her city that she couldn’t identify. What has Rachel become a victim of?

Answers

Answer:

Credit Card Fraud

Explanation:

When her manager asked talia if she would "lose" the invoice that came in with the extra shipment of parts because the supplier wouldn’t know any difference, talia replied "no. " her response is an example of

Answers

The action by Talia in refusing to do what the manager said is called organizational citizenship.

What is organizational citizenship?

This refers to moral actions by people that go beyond the roles and obligations they are tasked with to ensure that a company is successful.

Talia refuses to lose the invoice which was beyond what the manager had told her because she wanted the supplier to be successful in its transactions with her company.

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Inside Auto, an automobile parts manufacturer, is headquartered in South Carolina. The firm is shifting its operations from South Carolina to India due to lower labor costs and the availability of required skills in India. This scenario indicates that Inside Auto is engaging in the practice of

Answers

This scenario indicates that Inside Auto is engaging in the practice of Outsourcing and offshoring.

What is Outsourcing?

This refers to the practice of getting cheap labor from other places where there are high poverty rates but also good technical skills.

Hence, we can note that because Inside Auto is shifting its operations from South Carolina to India with the aim of getting lower labor costs, then this is an example of outsourcing and offshoring.

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Group Accidental Death and Dismemberment premiums are _______ by the company paying the premiums as a business expense.

Answers

Answer:

Deductible

I hope this helps you

:)

What role are textiles believed to have played in Incan culture? a. Used as decorative clothing used for rituals b. Used to identify a person’s profession c. Indicated a person’s ethnic identity and social rank Please select the best answer from the choices provided A B C

Answers

The role textiles believed played in Incan culture was in indicating a person’s ethnic identity and social rank.

What is Culture?

This can be defined as the way of life and is characterized by their language, clothing etc.

Incan culture involved ethnic groups and social ranks having their distinct clothings which is why option C was chosen as the most appropriate choice.

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Answer:

C just trust me

Explanation:

Discovered that a sale on account to Musheer Orthopedics for $627.50 was incorrectly charged to the account of Hubbard Medical Clinic. M59

Answers

The journal entry is :

Debit Hubbard Medical Clinic $627.50 and Credit Musheer Orthopedics $627.50

What is error of commission?

Error of commission is an error that occurs when a bookkeeper records a debit or credit to the correct account but to the wrong subsidiary account or ledger.

An example, is that money that has been received from a customer is credited properly to the receivable account, but to the wrong customer.

Hence, we 'll Debit Hubbard Medical Clinic $627.50 and Credit Musheer Orthopedics $627.50

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