Market ___, Which Refers to the Condition When Suppliers Make

question 38

Multiple Choice

Market ___, which refers to the condition when suppliers make just enough of a product and price it in a way that consumers buy it all, rarely happens and is usually temporary.

• A) balance
• B) equality
• C) equilibrium
• D) sensitivity

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Definitions:

Operations

The activities involved in the day-to-day running of a business for the purpose of producing value for the stakeholders.

Salaries Payable

A liability account that records the amounts owed to employees for work performed but not yet paid.

Social Security Tax

A mandatory contribution paid by employees and employers to fund the social security program, providing benefits for retirement, disability, and survivors.

Payroll of Scotland Company

The total amount of wages and salaries paid by Scotland Company to its employees.