The Two Characteristics of a Competitive Market Are 1) Many

question 59

True/False

The two characteristics of a competitive market are 1) many buyers and sellers in the market and 2) the goods offered by the various sellers are highly differentiated.

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Definitions:

External Financing Needed

This is the amount of money a company needs to seek from external sources to finance its operations, growth, or expansions that cannot be funded through internal cash flow alone.

Fixed Assets

Long-term tangible assets held for business use and not expected to be converted to cash in the upcoming year, such as buildings, machinery, and equipment.

Projected Sales

These are estimated sales figures based on current market trends, historical sales data, and other economic indicators, used for planning and forecasting by businesses.

Retained Earnings

Retained earnings refer to the portion of a company's profits that is kept or retained rather than paid out as dividends to shareholders, often used for investment or to pay off debts.