Utilize the Knowledge You Have Gained to Respond to the Following

question 56

Essay

Utilize the knowledge you have gained to respond to the following essay questions.Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it.
The textbook says that when power gets out of balance,other forces are brought to bear so that balance is restored.Name some of the other forces that are used to balance business power.Describe how effective each of those other forces is in combating business power.

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Definitions:

Freight Costs

Expenses incurred by a company to transport goods from one place to another.

Gross Profit

The difference between revenue and the cost of goods sold before deducting operating expenses, interest, and taxes.

Cost of Merchandise Sold

The expense directly associated with producing goods that have been sold, including materials, labor, and overhead costs.

Purchase Discount

A reduction in price offered by a seller to a buyer for prompt payment or payment within a specified period.