If There Are Many Sellers but Only a Few Buyers,the

question 20

True/False

If there are many sellers but only a few buyers,the sellers tend to have the most bargaining power.

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Definitions:

Overhead Rate

The rate at which indirect costs are allocated to products or services, often used in calculating the total cost of production.

Fixed Overhead

Regular, fixed costs that do not vary with the level of production or sales, such as rent, salaries, and insurance.

Capacity

The maximum amount of goods or services a company can produce or deliver in a given period with existing resources.

Allocation Base

A criterion or measure used for distributing overhead costs among various products, services, or departments within a business.