A garden apartment that is at the bottom of a 10-step stairway is for lease. A person with a disability that makes it impossible to use stairs asks to see the unit; the landlord
A)
should advise the prospective tenant of the need for an expensive accommodation that the landlord is unwilling to make.
B)
should install a motorized seat for the stairway before showing the unit to the prospective tenant.
C)
should show the prospective tenant the access to the unit and let the tenant decide whether to proceed with the rental.
D)
should let the prospective tenant know that the unit is unsuitable.
Answers
The garden apartment at top of 10 flights of stairs is for rent Option A must show future tenant access to the unit and let the tenant decide whether to continue renting.
Option A should alert prospective tenants of the need for expensive accommodations that the landlord is unwilling to provide.
Garden apartments are so named because they usually have access to a backyard patio or garden, making them ideal for families with children or pets or those with green fingers. According to StreetEasy, garden apartments are usually on the ground floor or partially underground and are often one-bedroom units.
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Related Questions
It is ok to plan for a career in an industry that is not expected to grow very much or even shrink a little over time
Answers
Answer:
It might or not be ok to plan so, depending on certain circumstances.
Explanation:
Feasibility to Plan a career in an industry, not expected to grow much or even shrink
It is ok to plan so, as the industry growing less or might shrink - will attract less entrants into it. So, less entrants might imply less competition, which might be a favouring opportunity for the firm. Also, a little innovation might act as a catalyst for growth of a less crowded industry.
It is not ok to plan so, if the industry is anticipated to be outdated or irrelevant in constantly modernising businesses. Also, if the industry lacks scope of innovation & further upgradation. As, in both these cases, the lack of competition (as mentioned earlier) will go futile.
Identify two prices indices?
Answers
Answer:
Some notable price indices include:
Consumer price index.
Producer price index.
Employment cost index.
Export price index.
Import price index.
GDP deflator.....
Answer:
consumer price indexproducer price indexExplanation:
consumer price index: it measures changes in the price level of a weighted average market basket of consumer goods and services purchased by households.
producer price index: it is a price index that measures the average changes in prices received by domestic producers for their output.
without effective screening mechanisms in the market for insurance: group of answer choices the high risk customers would be priced out of the market the low risk customers would be priced out of the market both the types of customers would be priced out of the market neither type of customer would be priced out of the market
Answers
The best way to have potential participants complete a screening survey is to have them dive in as quickly and easily as possible.
What is marketing screening ?When it comes to maximizing the value of market research and using it to make smarter, faster, and more profitable business decisions, screening the right participants and weeding out those who are unqualified is a critical – though often overlooked – aspect.
Potential participants' insights will be unreliable if they are not properly screened. They can even become counterproductive, at which point a company would be better off abandoning the market research "results." After all, a map that can't be trusted isn't useful. It is an asset.
Naturally, each market research project must be configured and calibrated in accordance with its specific factors, variables, and requirements. What works in one field or context may not work in another. With this in mind, there are five fundamental best practices that all businesses should follow when screening market research.
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How is a debit card different from a credit card?
A. A debit card is usually issued by a financial institution.
B. A debit card provides a way for people to make large purchases.
C. Spending on a debit card is limited to the funds available in an
account.
D. Spending can occur via a digital payment method.
Answers
Answer:
C
Explanation:
because thats wat ist is.- limited funds
3. ______ are defined as goods or services that are required for health and safety.
Answers
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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______ systems encompass all of an organization's touchpoints with its customers.
Answers
Customer relationship management (CRM) systems encompass all of an organization's touchpoints with its customers.
Customer Relationship Management (CRM) systems encompass all of an organization's touchpoints with its customers. These systems are designed to manage a company's interactions with customers, including tracking customer data, managing sales leads, and automating marketing processes. CRM systems are essential for businesses that want to build strong relationships with their customers and improve customer satisfaction and loyalty.
CRM systems can be used to collect, store, and analyze customer data, including contact information, purchase history, and customer behavior. This data can be used to identify customer trends, personalize marketing campaigns, and improve the customer experience. By using CRM systems, companies can provide better customer service and more effectively target their marketing efforts.
CRM systems can also be integrated with other business systems, such as sales and marketing automation tools, to provide a comprehensive view of customer interactions across all touchpoints. This can help companies identify opportunities to improve the customer experience and increase revenue.
Overall, CRM systems are a critical component of a company's customer experience strategy. By using these systems to manage customer interactions, businesses can improve customer satisfaction and loyalty, increase revenue, and gain a competitive advantage in the marketplace.
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what concept does the balance sheet really explain, based on the information contained in it?
Answers
The concept that is been explained by balance sheet as regards the information in it is that it provide the summary of all of the firm business assets.
Balance sheets can be regarded as business tools that gives all the rates of return for investors as well as evaluation of a firms capital structure. It can be explained as financial statement which gives that snapshot of what is been owed and owned by a company, also the total funds that the shareholders invested.
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What is the purpose of the code of conduct codes of practice standards of practice and policy frameworks that Organisations use?
Answers
Code of conduct, codes of practice, standards of practice, and policy frameworks are all tools used by organizations to ensure that their employees act in an ethical and professional manner.
Code of conduct provides the basis for ethical behavior, such as defining acceptable and unacceptable behavior, and establishing a set of guidelines for employees to follow.Codes of practice are documents that provide specific procedures or guidelines for employees to follow when completing a particular type of task or job. Standards of practice are documents that outline the minimum requirements for completing a specific job or task. Policy frameworks are documents that define the rules, regulations, and procedures that govern the organization’s operations.
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Knowledge workers should know which of the following: a.How social networking has changed in the past five years b.How data is converted to information and eventually to business intelligence c.How networks are designed d.How to create a transaction-processing system
Answers
Knowledge workers should know options:
b. How data is converted to information and eventually to business intelligence
c.How networks are designed
d.How to create a transaction-processing system
Who are deemed knowledge workers?They consist of experts in the various branches of information technology, including programmers, web designers, system analysts, technical writers, and researchers. In addition to these professions, knowledge workers include pharmacists, certified public accountants, etc.
Therefore, A knowledge worker is an employee whose expertise of a certain subject is their main contribution to the company. Doctors, academics, engineers, and architects are a few examples of knowledge workers. Instead of engaging in manual labor or interpersonal interactions, knowledge workers are said to think for a living.
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Halliford Corporation expects to have earnings this coming year of $3.00 per share. Halliford plans to retain all of its earnings for the next two years. For the subsequent two years, the firm will retain 50% of its earnings. It will then retain 20% of its earnings from that point onward. Each year, retained earnings will be invested in new projects with an expected return of 25% per year. Any earnings that are not retained will be paid out as dividends. Assume Halliford's share count remains constant and all earnings growth comes from the investment of retained eamings. If Halliford's equity cost of capital is 10.0%, what price would you estimate for Halliford stock?Complete the steps below using cell references to given data or previous calculations. In some cases, a simple cell reference is all you need. To copy/paste a formula across a row or down a column, an absolute cell reference or a mixed cell reference may be preferred. If a specific Excel function is to be used, the directions will specify the use of that function. Do not type in numerical data into a cell or function. Instead, make a reference to the cell in which the data is found. Make your computations only in the blue cells highlighted below. In all cases, unless otherwise directed, use the earliest appearance of the data in your formulas, usually the Given Data section. Earnings per share $ 3.00 Retention period (years) 2Retention rate (1) 50% Retention rate (2) 20%Expected return 25%Equity cost of capital Year 1 2 3 4 5 6Earnings 25% 25% 12.5% 12.5EPS growth rate (vs. prior year) EPS Dividends Retention rate 100% 100% 50% 50% 20% 20%Dividend payout ratio Dividends Year 5 value of dividends after year 5 Stock price Requirements:1. In cell range D16:116, by using cell references, calculate the earnings per share for years 1:6, respectively (1 pt.). 2. In cell range D19:119, by using cell references, calculate the dividend payout ratios for years 1:6, respectively (1 pt.). 3. In cell range D20:120, by using cell references, calculate the dividends for years 1:6, respectively (1 pt.). 4. In cell D22, by using cell references, calculate the present value in Year 5 of the dividends after year 5 (1 pt.). 5. In cell D23, by using cell references, calculate the price of the stock today(1 pt.). Note: For this particular step, use actual values in your exponents --- do not use cell references in the exponents.
Answers
The price that would be estimated for Halliford stock will be $68.39.
How to calculate the stock price?Growth rate = Rate of return × Retention rate
Year 1 EPS = $3.00
Growth rate for Year 2 and Year 3 = 25% * 100% = 25%
Growth rate for Year 4 and Year 5 = 25% * 50% = 12.50%
Growth rate for Year 6 onwards per year = 25% * 20% = 5%
In conclusion, the price that would be estimated for Halliford stock will be $68.39. The attachment is provided.
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Experts suggest doing all of the following except _____, as part of an effective corporate apology strategy.
Answers
Professionals propose doing all of the following except Delaying statement of the awful news, as part of an powerful corporate apology strategy.
Effective corporate apology strategy hold three desires in thoughts: candor, remorse, and a commitment to alternate. The high-quality apologies display candor. They leave no room for equivocation or misinterpretation, and that they make certainly clean that the enterprise recognizes each the damage that become precipitated and its personal responsibility.
Across two studies Lewicki and co-workers found that the maximum compelling apologies consist of six wonderful factors:
1) Expression of regret.
2) explanation of what went wrong.
3) Acknowledgment of obligation.
4) announcement of repentance.
5) provide of repair.
6) act of contrition.
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If a factor receives pure economic rent, its supply curve must be _______________?
A) Horizontal
B) Vertical
C) Upward Sloping
Answers
If a factor receives pure economic rent, its supply curve must be horizontal.Pure economic rent refers to the excess payment made for utilizing the resources that are available.
It is paid to the owner of the resources who has the natural or technological advantages in the particular industry. It is the amount of excess payment made for utilizing the resources above and beyond the minimum amount required to keep the owner of the resources in their current occupation or investment.The supply curve of a factor that receives pure economic rent must be horizontal because if it's vertical, the producers cannot increase the production and if it's upward sloping, the price will increase as the quantity increases, which will contradict the definition of pure economic rent.
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Which of the following does not ultimately result in a capital gain or loss?
A. Sale of a personal use asset.
B. Sale of inventory.
C.
Gain on equipment used in a trade or business held for more than one year, if it is the only asset sale
during the year.
D. Sale of capital stock in another company.
E. None of these.
Answers
sale of inventory is the answer B
what is a good reason why you got a answer wrong
Answers
Answer:
Click it by mistake
Explanation:
Creating a Customer-Centered Culture test
Quit
Page 2 of 10
Please read and answer each question carefully,
urse
2. For a company to develop an effective customer-centric culture, there is always room for:
A) O Improvement
B) O More customers
c) O Larger product research and development investment
D) More accurate market research
or organiza
hey must d
hiringur
Answers
Answer:
it is 4
Explanation:
4
Answer:
the answer is A have a good day
A genuine free market requires restrictions on the ability of predator multinationals to create monopolies. True or False
Answers
Answer:
True
Explanation:
A free market, in normal terms does not permit the formation of monopolies seen as competition, and is also one of the characteristics of market that is free that are not obstructed, pure, by any involvement or interference from the government.
Therefore there is a possibility for predator multinationals to create or form monopolies.
______ a tax on production,transportation, sale or consumption of a certain good or services
Answers
A tax on production, transportation, sale, or consumption of a certain good or service is commonly known as a excise tax.
Excise tax is a type of tax levied by governments on specific goods or services, usually with the purpose of discouraging their consumption or use, or to raise revenue. It is typically imposed on products that are considered harmful to individuals or society as a whole, such as tobacco, alcohol, gasoline, and luxury goods. Excise taxes can be included in the price of the product or service, or levied separately at the point of sale or production. These taxes are often considered regressive, as they may disproportionately affect low-income individuals who may spend a higher percentage of their income on the taxed items. Governments around the world use excise taxes as a way to regulate certain industries and to raise revenue for public services and programs.
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a company estimates that warranty expense will be 2% of sales. the company's sales for the current period are $146,000. the current period's entry to record the warranty expense is: multiple choice debit estimated warranty liability $2,920; credit cash $2,920. debit warranty expense $2,920; credit sales $2,920. no entry is recorded until the items are returned for warranty repairs. debit estimated warranty liability $7,960; credit warranty expense $7,960. debit warranty expense $2,920; credit estimated warranty liability $2,920.
Answers
Debit warranty expense is $5,380. the company estimated warranty liability of $5380.
Estimated Corporate Expenses means the sum of (i) corporate expenses incurred prior to the filing date of the Estimated Closing Balance Sheet and (ii) a reasonable estimate of corporate expenses incurred after that date.
Estimated cost is a projection of the cost that will be incurred to build a product or to build something. This amount is derived as part of the internal project capital budgeting process or as part of the analysis.
When you're dealing with the information presented in a clustered frequency table, you don't know all the values, so you can't calculate the actual average. Instead, we do our best to estimate the mean.
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Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) 50 b) $865.94 C) $991.36 d) $1156.36
Answers
Option(A) is the correct answer. Krishna will receive a disability benefit of $660 under the CPP.
To determine the disability benefit that Krishna will receive under the CPP, we need to consider a few factors. First, let's calculate the disability benefit based on the provided information:
The flat-rate disability amount is $496.36 per month.
The maximum monthly disability benefit is $1362.30.
Krishna's entitlement to a CPP retirement benefit is $660 per month.
To calculate the disability benefit, we compare the retirement benefit to the flat-rate disability amount and the maximum monthly disability benefit:
The disability benefit will be the lesser of:
The retirement benefit ($660)The flat-rate disability amount ($496.36) plus the retirement benefit minus the flat-rate disability amount.Let's calculate the disability benefit based on the above formula:
Disability benefit = min(retirement benefit, flat-rate disability amount + retirement benefit - flat-rate disability amount)
= min($660, $496.36 + $660 - $496.36)
= min($660, $660)
= $660
Therefore, Krishna will receive a disability benefit of $660 under the CPP.
Option (a) 50, option (b) $865.94, option (c) $991.36, and option (d) $1156.36 are not correct based on the given information. The correct answer is that Krishna will receive a disability benefit of $660 under the CPP.
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Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) $660 b) $865.94 C) $991.36 d) $1156.36
One problem in relying on price elasticity and demand curves when setting prices is the way a product or service is marketed can have a profound impact on price elasticity. the underlying ideas of the demand curve and elasticity are less relevant in the modern economy. only economists can properly analyze demand curves and set prices using this tool. competitors can construct the same demand curves, so there is no advantage in using them. marketing split from economics over the ideas of demand and elasticity.
Answers
Answer: the way a product or service is marketed can have a profound impact on price elasticity.
Explanation:
What determines the prices of the market is the demand, this affects the price elasticity. Price elasticity and demand curves are the result of various factors, and in most scenario they determine the pricing factor in the market.
One problem in relying on price elasticity and demand curves when setting prices is the way a product or service is marketed can have a profound impact on price elasticity.
Based on what we are learning in Chapter 2, who are the various stakeholder groups that a business
should be paying attention to?
Answers
Based on what we are learning in Chapter 2, there are several stakeholder groups that a business should be paying attention to.
These groups are individuals or organizations that are impacted by the actions of the business and can have a significant influence on the success or failure of the organization.
The first group is customers, who are the primary source of revenue for any business. It is important for a business to understand the needs and preferences of its customers and to provide high-quality products and services to meet those needs.
Another group is employees, who are critical to the success of the business. A company must provide a safe and healthy work environment, fair compensation and benefits, and opportunities for growth and development to retain employees and maximize their productivity.
Investors and shareholders are also important stakeholders. They provide capital to the business and expect a return on their investment. It is important for the business to maintain financial stability and provide regular updates on performance to these stakeholders.
Finally, communities and society at large are important stakeholders. A business must consider the impact of its actions on the environment and the community and strive to be a good corporate citizen. This includes ethical and socially responsible behavior and engagement in philanthropic activities.
Overall, businesses must pay attention to a wide range of stakeholder groups in order to achieve long-term success and sustainability.
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Sam is getting his bachelor's degree. During some of his course work, he honed his research skills and learned to exhibit confidence while presenting to an audience. Which career has Sam most likely been preparing for?
Printing Technology
Telecommunications
Performing Arts
Journalism
Answers
Answer:
Journalism
Explanation:
Answer:
journalism
Explanation:
1A) CAM Precision Sdn. Bhd. is an advanced manufacturing company listed in Top 100 hi- tech global ranking. This company shows a potential investment with interest return rate of 8% per year. Your family plan to invest RM (200 x 1,000) + 15,000. Apply the simple interest and compound interest approach to calculate the total investment after FOUR (4) years. Assume that your family do not withdraw the money earned at the end of each year, but instead let it accumulate. 1b) Based on the compound interest approach and its result from Q1(a), after the 4th year, the company increase its return rate to 10% per year compounded every 6 months. Apply the effective interest rate per year to determine the total investment at the end of EIGHT(8) year
Answers
For the investment in CAM Precision Sdn. Bhd., using the simple interest approach, the total investment after four years can be calculated by adding the initial investment of RM (200 x 1,000) + 15,000 to the interest earned at a rate of 8% per year.
On the other hand, using the compound interest approach, the total investment at the end of four years can be calculated by applying the compounding formula with an interest rate of 8% per year.
1a) Simple Interest Approach - Total Investment after Four Years:
Initial investment = RM (200 x 1,000) + 15,000 = RM 200,000 + 15,000 = RM 215,000
Interest rate = 8% per year
Using the simple interest formula: Interest = Principal x Interest Rate x Time
After four years, the interest earned will be: Interest = RM 215,000 x 0.08 x 4 = RM 68,800
Total investment after four years: Total Investment = Initial Investment + Interest = RM 215,000 + RM 68,800 = RM 283,800
1b) Compound Interest Approach - Total Investment after Eight Years:
The interest rate increases to 10% per year, compounded every six months.
First, we need to calculate the effective interest rate per year:
N = 2 (compounded semi-annually)
Effective interest rate = (1 + Interest Rate/N)^N - 1
Effective interest rate = (1 + 0.10/2)^2 - 1 = 0.1025 or 10.25%
Now, we can calculate the total investment after eight years using compound interest:
Total Investment = Initial Investment x (1 + Effective Interest Rate)^Number of Years
Total Investment = RM 215,000 x (1 + 0.1025)^8 = RM 215,000 x 1.9184 = RM 412,664
Therefore, the total investment at the end of eight years, based on the compound interest approach with a compounded interest rate of 10% per year every six months, is RM 412,664.
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Why is a person considered an entrepreneur?
Answers
An entrepreneur is a person who launches and manages a business with little planning or funding and who bears all the risks and benefits of their business venture. Instead of a pre-existing company model, a new product or service is typically included in the business proposal.
What are launches into space?
The first phase of a voyage that enters space is the space launch. Liftoff occurs when a rocket or other space launch vehicle leaves the ground, a ship in the water, or an airplane in midair to begin a flight. A spacecraft is launched after a period of powered flight during which it rises above the atmosphere of the planet and accelerates at least to orbital velocity. When a rocket's final stage burns out, powered flight is terminated, and the spacecraft separates and continues to descend in freefall.
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The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter
Answers
The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as
$4.3055
This is further explained below.
What is the APR interest rate?Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.
The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.
Interest rate APR = 12%
Average balance = ((200*5)+(350*15)+(150*10))/30
Average balance = $258.33
Average balance*APR/12
Finance charge =\(\frac{258.33*20 \%}{12 }\)
Finance charge = $4.3055
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When a driver encounters bad weather,the first thing to do is to look for the controls for things like the defroster,wipers,and lights. True or false
Answers
Answer:
true
Explanation:
When a driver encounters bad weather, the first thing to do is to look for the controls for things like the defroster, wipers,and lights is a true statement.
Who is a driver?A driver is a worker who transports customers in a quick, safe, and effective manner. Drivers select routes based on the state of the roads in as well as keeping up with weekly/monthly maintenance schedules for their vehicles and handling on-time payments.
if a person is driving and encounters bad weather it will be in respect to various things like d foster, wiping controlling and the light that is being provided at that point in time. Then that person must first defrost and white the things so that there will not be any kind of damage or accident that might happen on the road or collision with another.
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A country club is conducting focus groups with its members to develop ideas about how to improve its pool, golf facilities, and services. The club isA.collecting primary data.B.collecting internal secondary data.C.collecting external secondary data.D.performing a sensitivity analysis.E.using neuromarketing.
Answers
The country club conducting focus groups with its members to develop ideas about how to improve its pool, golf facilities, and services is collecting primary data.
Primary data refers to data that is collected directly from the source, through methods such as surveys, interviews, and focus groups. In this case, the country club is directly collecting information from its members through focus groups to obtain their opinions and feedback on how to improve the club's facilities and services.
In contrast, secondary data refers to data that is collected from existing sources, such as databases, reports, and published research. Internal secondary data is collected from within the organization, such as financial records and customer databases, while external secondary data is collected from outside sources, such as industry reports and government statistics.
Performing a sensitivity analysis involves testing the impact of changes in various assumptions or inputs on a model or decision, while neuromarketing involves using neuroscience techniques to study consumer behavior and decision-making.
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Millions of software programs have been created and have helped to improve the economy. This is an
example of
O new business
self-confidence
taxes
O demand for products
new technology
Answers
Answer:
new technology.
Explanation:
An information system or technology can be defined as a set of components or computer systems, which is used to collect, store, and process data, as well as dissemination of information, knowledge, and distribution of digital products.
Generally, it is an integral part of human life because individuals, organizations, and institutions rely on information systems and technology in order to perform their duties, functions or tasks and to manage their operations effectively. For example, all organizations make use of information systems for supply chain management, process financial accounts, manage their workforce, and as a marketing channels to reach their customers or potential customers.
Additionally, an information system or technology comprises of five (5) main components;
1. Hardware.
2. Software.
3. Database.
4. Human resources.
5. Telecommunications.
Overtime, millions of software programs have been created and have helped to improve the economy. This is an example of new technology.
Basically, these new technologies have helped to simplify the process of producing goods and services effectively and efficiently to meet the unending needs and requirements of the consumers.
Which of the following is NOT a component of the marketing mix?
O Product
O Promotion
O Perception
O Price
Answers
Answer:
Perception
Explanation:
Perception is not a component of the marketing mix. Option C is correct.
What are the components of a marketing mix?There are four main components of marketing mix, that help in marketing of any product in the market, and it is most important in the field of marketing, the four main components are:
ProductPrice PlacePromotionTherefore, option C correct.
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Which of the following conditions distinguishes monopolistic competition from perfect competition? a. the freedom of entry and exit by firms in the market b. the number of sellers in the market c. the size of firms in the market d. product differentiation
Answers
Answer:
d)product differentiation
Explanation:
monopolism is when only one producer in the area produces the good/service thus there is no competition eg power supply company while perfect competition is when same type of products but different styles are produced making the business environment competitive.
The distinguishes monopolistic competition from perfect competition is product differentiation. The correct option is (d).
What do you mean by the monopolistic competition?When a large number of businesses provide rival goods or services that are comparable but imperfect alternatives, monopolistic competition exists.
A monopolistic competitive industry has minimal entry requirements, and decisions made by any one firm do not immediately affect those of its rivals.
Monopolistic competition is a sort of imperfect competition when numerous manufacturers compete with one another yet sell various items that are not exact substitutes for one another.
Therefore, the distinguishes monopolistic competition from perfect competition is product differentiation.
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