Question

In: Accounting

Companies are​ price-takers when​ ________. A. they have little or no control over the prices of...

Companies are​ price-takers when​ ________.

A.

they have little or no control over the prices of their products or services

B.

their products are unique

C.

there is very little competition

D.

pricing approach emphasizes​ cost-plus pricing

Solutions

Expert Solution

ANSWER:

Companies are price takers when "They have little or no control over the prices of their products or services"

  • A value taker is an individual or organization that must acknowledge winning costs in a market, coming up short available offer to impact advertise cost all alone.
  • Every financial member are viewed as value takers in a market of flawless rivalry or one in which all organizations sell an indistinguishable item, there are no boundaries to passage or leave, each organization has a moderately little piece of the pie, and all purchasers have full data of the market.
  • This remains constant for makers and buyers of products and seIn the financial exchange, singular speculators are viewed as value takers, while showcase creators are the individuals who set the offer and offer in a security. Being a market creator, notwithstanding, doesn't imply that they can set any value they need.
  • Market creators are in rivalry with each other and are obliged by the monetary laws of the business sectors like stock and demand.rvices and for purchasers and merchants owing debtors and value markets.

Therefore option A is correct

ekkarill92 answered 2 years ago
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