Among competing firms, a firm’s actions are considered strategic substitutes when: group of answer choices an increase in one firm’s action causes the other firm’s optimal reaction to decrease. competing goods are very close substitutes for one another. firms compete on multiple dimensions like price, quantity, and product attributes. one firm’s actions do not trigger a reaction from the other firms. firms compete on the basis of price.

Materials purchases (on credit). direct materials used in production. direct labor paid and assigned to work in process inventory. indirect labor paid and assigned to factory overhead. overhead costs applied to work in process inventory. actual overhead costs incurred, including indirect materials. (factory rent and utilities are paid in cash.) transfer of jobs 306 and 307 to finished goods inventory. cost of goods sold for job 306. revenue from the sale of job 306. assignment of any underapplied or overapplied overhead to the cost of goods sold account. (the amount is not material.) 2. prepare journal entries for the month of april to record the above transactions.

When the price is the equilibrium price, we would expect there to be a causing the market to put pressure on the price until it went back to the equilibrium price. a. above; surplus; upward b. above; shortage; downward c. below; surplus; upward d. below; shortage; downward e. above; surplus; downward?

Todd and jim learned that in building a business plan, it was important for them to: