When a small business offers extended hours and home delivery at no additional cost after a large mass market retailer moves into their area, this business is reacting to changes in the ________ environment.
Fill in the blank(s) with correct word.
Answer: competitive
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On January 1, 2017, Real Planes Manufacturing Corporation purchased a machine for $40,000,000
The corporation expects to use the machine for 24,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $40,000. The corporation used the machine for 3,600 hours in 2017 and 5,000 hours in 2018. What is the book value of the machine at the end of year 2018 if the corporation uses double-declining-balance method of depreciation? (Round your intermediate calculations.) What will be an ideal response
Which of the following statements is true of the behavior of total fixed costs, within the relevant range?
A) They will remain the same as production levels change. B) They will increase as production decreases. C) They will decrease as production decreases. D) They will decrease as production increases.