Answer:
(D) due to the economy’s continued strength, analysts have been predicting for weeks that the target
Explanation:
The most suitable insertion to make the report more presentable is option 'd'
Since February, the Federal Reserve has raised its short-term interest rate target five times, and Since February, the Federal Reserve has raised its short-term interest rate target five times, and due to the economy’s continued strength, analysts have been predicting for weeks that the target will be raised again in November.
When Coca-Cola saw the growth of the bottled water category, they launched Dasani, its brand of bottled water. Which brand development strategy did Coca-Cola use in launching Disani?
A. New brandB. MultibrandingC. Line extensionD. LicensingE. Brand extension
Answer: New brand.
Explanation:
The Coca-Cola company launched it's new brand of bottled water into the market. A brand is a name given to a particular product/service by which it can easily be identified.The Disani water is a new brand introduced into the market by which the Coca-Cola water products would be identified.
Coca-Cola used a Brand extension strategy to launch Dasani by utilizing its well-known brand name to enter the bottled water market, leveraging its reputation and distribution channels amid changing consumer preferences.
Explanation:When Coca-Cola saw the growth of the bottled water category, they launched Dasani, its brand of bottled water. The strategy Coca-Cola used in launching Dasani is best described as a Brand extension. This strategy involves taking an existing brand name and using it on a new product that is in a different category. Coca-Cola, a company primarily known for its carbonated beverages, ventured into the bottled water market by launching Dasani. This move allowed Coca-Cola to capitalize on its strong brand name and reputation to gain a foothold in the expanding bottled water segment, leveraging its existing customer base and distribution channels.
Bottled water became the second largest commercial beverage category by volume, showing consumers' receptiveness to new bottled beverage choices beyond traditional soft drinks. Coca-Cola's introduction of Dasani utilized its brand equity to adapt and expand into new market opportunities presented by changing consumer preferences towards healthier beverage options.
3. Which of the following statements is true?
a. Foreign firms registered with the SEC may file reports based on IFRS.
b. U.S. firms registered with the SEC may file reports based on IFRS.
c. The European Union requires firms to report based on GAAP.
d. Foreign firms registered with the SEC may file reports based on IFRS only if they reconcile all amounts to GAAP.
Answer: Option "A" is the correct answer to the following statement.
Explanation:
Foreign companies that are registered with the SEC. file reports based on International Financial Reporting Standards
SEC: The U.S. Securities and Exchange Commission is an autonomous federal government body charged with protecting consumers, regulating the securities markets in a reasonable and orderly manner and promoting the creation of resources.IFRS: International Financial Reporting Standards are reporting standards developed by the International standards Council and the IFRS Framework. These represent a systematic way of describing the financial performance of the company so that financial statements around international boundaries are clear and equivalent.
Foreign firms registered with the SEC can file reports based on IFRS, reflecting the permission granted by the SEC for international standards without reconciliation to GAAP.
The correct statement among the options provided is:
a. Foreign firms registered with the SEC may file reports based on IFRS.
This is because the Securities and Exchange Commission allows foreign registrants to use International Financial Reporting Standards (IFRS) without the need to reconcile to Generally Accepted Accounting Principles (GAAP). On the other hand, U.S. firms must report based on GAAP, and the European Union requires firms to report based on IFRS, not GAAP.
When twin brothers applied for life insurance from Company A, the company found that while neither of them smoked and both had a very similar lifestyle, one of the twins was in a much stronger financial position than the other. Because of this, the company charged him a higher rate for his insurance. This practice is considered:_____________
The practice outlined in the question is not typical. Insurance premiums are usually set based on risk factors, not financial position. The scenario could be an example of adverse selection, wherein high-risk individuals overburden the insurance system.
Explanation:The practice of charging higher insurance premiums based on financial status is not standard in the industry. Typically, premiums are set at actuarially fair levels. This means that individuals end up paying an amount that accurately represents their risk group. Insurance companies might charge higher premiums for those who pose a higher risk. For example, those who already have a chronic disease or older individuals might be charged more due to their expected healthcare costs. Similarly, young male drivers may be charged more for car insurance than young female drivers because they have a higher risk of getting into car accidents. However, financial position isn't usually considered a direct risk factor.
The issue described in the question may be an example of adverse selection. This happens when groups with inherently higher risks than the average person seek out insurance, causing strain on the insurance system. However, this usually applies to higher health-related risks, not financial positions.
Because people in high-risk groups could find themselves charged so heavily for insurance, they might choose not to buy insurance at all. This scenario could force the insurance company to create some way of separating insurance buyers into risk groups with some degree of accuracy or make those with low risks compulsory to buy insurance.
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When twin brothers applied for life insurance from Company A, the company found that while neither of them smoked and both had a very similar lifestyle, one of the twins was in a much stronger financial position than the other. Because of this, the company charged him a higher rate for his insurance. This practice is considered unfair discrimination because the rate difference was based on financial status rather than factors directly related to the insurance coverage's risk.
The concept of unfair discrimination in insurance arises when insurers use irrelevant factors to determine premiums. Typically, insurance companies consider factors such as age, health status, and lifestyle habits like smoking to assess the risk. However, using financial status as a basis for deciding insurance premiums is deemed unfair because it does not directly correlate with the risk of an insured event occurring. This can lead to unequal treatment of policyholders who otherwise have similar risk profiles, potentially violating legal and ethical standards in the insurance industry.
Mike and Teresa Garza have a monthly gross income of $5,000, but they pay $1,000 per month in taxes. They also pay $2,000 per month in various loan payments. What is their debt service ratio?
Answer:
40%
Explanation:
Debt service ratio is the rate at which an individual allocates a certain amount to reduce debt value till the debt is totally offset.
In the above question, Mike and Theresa pay $2,000 to offset various loans(debts). To calculate the debt service ratio of the couple, the amount paid to service loans is expressed as a percentage of their total income.
We have,
$2,000 x 100%
$5,000
= 0.4 x 100%
= 40%
Therefore, the debt service ratio of Mike and Theresa is 40%.
Cheers.
What term refers to radical change that tends to be both multidimensional and multilevel, involving discontinuous shifts in thinking or perceiving things?
Answer:
transformational change
Explanation:
Transformational change: A shift in an organization's business culture resulting from a change in the underlying strategy and processes used by the organization in the past. A transformation change is designed to be organizational in nature and will be implemented over a period of time
Inbound logistics (receiving and storing materials for distribution to production), operations (transforming inputs into finished products), outbound logistics (storing and distributing finished products), sales and marketing, and service are all
Answer:
Primary Activities of the Value Chain
Explanation:
Inbound logistics (receiving and storing materials for distribution to production), operations (transforming inputs into finished products), outbound logistics (storing and distributing finished products), sales and marketing, and service are all primary activities of the value chain
According to Porter, the primary activities of the value chains includes: Inbound Logistics, Operations, Outbound Logistics, Marketing and Sales, and Service are categorized as primary activities.
The goal of the five sets that make up the primary activities is the creation of value that is higher than the cost of the activities (value creation) hence generating profit.
Many business users in the 1980s referred to their mainframes as "the black hole," because all the information went into it, but little ever came back and ad hoc real-time querying was virtually impossible.
Answer:
TRUE, many business users in the 1980s referred to their mainframes as "the black hole".
Explanation:
Most enterprise users in the 1980s referred to their computers as "the black hole," since all the experience went into this one, but little ever went back and it was nearly hard to test ad hoc in actual-time.Business software have shifted from encoding and monitoring of transactions to other operations.Before the 1980s, the knowledge and program demands were often diverted into a ' black hole ' queue through mainframe networks of ' dumb ' terminals.Bauer Software's current balance sheet shows total common equity of $5,125,000. The company has 530,000 shares of stock outstanding, and they sell at a price of $27.50 per share. By how much do the firm's market and book values per share differ?
Answer:
The difference is $9,450,000
Explanation:
Market Value of Share = $27.50 x 530,000
=$14,575,000
Book Value = $5,125,000.
Difference = $14,575,000- $5,125,000.
=$9,450,000
The market value is greater than book value by $9,450,000
Juarez Company acquired $1,200 from the issue of common stock. Which of the following shows how this event will affect the company’s accounting equation? The letters "NA" indicate that the component of the equation is not affected. Assets = Liabilities + Common Stock + Retained EarningsA. $1,200 = $400 + $400 + $400B. $1,200 = $1,200 + NA + NAC. $1,200 = NA + $1,200 + NAD. $1,200 = NA + $600 + $600
Final answer:
The acquisition of $1,200 from the issue of common stock affects Juarez Company's accounting equation by increasing assets and common stock by $1,200 each, with no changes to liabilities or retained earnings. The correct reflection in the accounting equation is represented as Assets = NA + $1,200 + NA.
Explanation:
The question asked is about understanding how the issuance of common stock affecting the company’s accounting equation. Juarez Company acquired $1,200 from the issue of common stock. The correct way to reflect this event in the company’s accounting equation is through an increase in assets and an equal increase in owners' equity, specifically under the common stock category, as there is no increase in liabilities.
Therefore, the accounting equation will be affected as follows: Assets = Liabilities + Common Stock + Retained Earnings. The correct answer is hence C. $1,200 = NA + $1,200 + NA. This reflects that the company’s assets have increased by $1,200 due to the cash infusion from issuing common stock, and this increase is mirrored exactly in the equity side under common stock, with no change to liabilities or retained earnings.
Cassie works as a salesperson at Lumber Needs. While demonstrating to a customer how to use a power saw, she accidentally cuts the customer on the arm, requiring a visit to the hospital and several stitches. Which of the following is true of the scenario
a. Lumber Needs is not vicariously liable because it was an accident
b. Lumber Needs is vicariously liable because Cassie was not acting within the course of employment.
c. Lumber Needs is not vicariously liable because Cassie was not acting within the course of employment.
d. Lumber Needs is vicariously liable because Cassie was acting within the course of employment.
Answer:
d. Lumber Needs is vicariously Liable because Cassie was acting within the course of employment
Explanation:
Vicarious Liability
Vicarious Liability is a third party responsible liability. Someone else is liable for another's actions or errors. This liability is usually because the one originally liable has been proven to be working within the course of agreement of the third part as at the time the liability occurred.
This type of liability is usually taken in the workplace, where an employee working within the context of his/her working condition or agreement with the employer commits a liability. As such the employer is liable for the act.
Cassie was demonstrating a power saw as a salesperson of Lumber needs, therefore, she was working within the context of her agreement with Lumber needs.
If eHermes' supplier of self-driving vehicle chassis is able to reduce costs by having better data on both finished goods inventory and raw material inventory, it is using ________ across business processes to improve process margin.
Answer:
Linkages
Explanation:
Running a business is a difficult and competitive job to do and it requires tremendous internal and external effort to make it successful. Using linkages across the various processes of business helps to complete the job in time and sometimes it is also cost-efficient. Ehermes' is using linkages to improve the business process to effectively produce goods and services.
If an information system produces a useful report but the report is received after it is needed, the information system fails to achieve which characteristic of quality data?
Answer:
Timeliness
Explanation:
Timeliness refers to how current the information is to the production of 'useful report' at the time needed.
Timeliness as a characteristic of quality data does not only refer to the availability of the information on time but also to how early the information is made accessible to the users of such information.
In case of the question, relevance as a characteristic of quality data was achieved but the inability to make make the report available when the users needed it resulted in the failure of the timeliness characteristic of the data provided.
Three examples of solutions to the problems of a monopoly are harnessing the benefits of ________, ________ trade barriers, and ________ markets.
Answer:
1. harnessing the benefits of competition.
2. reducing trade barriers
3. regulating markets.
Explanation:
harnessing the benefit of competition
The use of competition in a market will enable consumers get the best possible prices, quantity, and quality of goods and services. competition in a market will also boost innovation allowing each firm producing similar goods to improve the quality of their products so as to gain more market share.
Reducing trade barriers
When trade barriers such as quota, embargo, tariffs are reduced in the market, it becomes easier for firms to compete with a other firms. Reduction of trade barriers will encourage more firms to enter a market that previously had a single supplier of a commodity .
Regulating market
A regulated market is a kind of market where government control the force of demand and supply like determining who is allowed to enter the market and determine what price to be charge. Markets that are natural monopolies are usually regulated to avoid exploitation of consumers
The interaction of buyers and sellers who trade long-term or intermediate-term money instruments"" is the definition of the _____________ market.
Answer:
Capital Market
Explanation:
Capital Market -
It refers to the channelization of the investment and the savings , by the buyers and seller , is referred to as the capital market .
It is also known as the financial market.
The units which have the capital are institutional and retail investors ,
and the people in search of capital are the people , businessman , government.
The capital market is used in the primary as well as secondary market.
The various capital markets are - the bond market and the stock market.
Hence, from the given information of the question,
The correct term is capital market.
West Electronic Corporation sources goods and services for its electronics products from the different locations around the globe in an attempt to take advantage of differences in the cost and quality of labor and land. This practice demonstrates the:_________A) dislocation of a developing nations economyB) regulation of the environmentC) globalization of marketsD) globalization of production
Answer:
The correct answer is D
Explanation:
Globalization is the term which is defined as the transforming the ways or methods in which nations interact or relate to.
The globalization of the production, which is defined as the sourcing of the services and the goods from the locations around the globe or world in order to take the benefit of national differences in the quality as well as the cost of factors of the production like capital, land and labor.
Professional certifications are important and can often lead to higher salaries. The ________ program recognizes individuals that have achieved the industry's highest standards of professionalism within the MEEC Industry.
Answer:
CPM
Explanation:
CPM is the abbreviation for Certified Public Manager. It is a professional establishment that has the responsibility of improving performance and best practice standards for public sector managers.
A CPM program is a comprehensive management development program basaed on certain criteria. At the end of a CPM program, a CPM degree is awarded to show the completion of the program and improved managerial capabilites.
Cheers.
Professional certifications are important and can often lead to higher salaries. The Certified MEEC Professional (CMP) program recognizes individuals who have achieved the industry's highest standards of professionalism within the MEEC Industry.
The sentence provided in the question is incomplete and requires the name of a specific program that recognizes individuals for their professionalism within the MEEC Industry. The MEEC Industry is a term that is not commonly defined, but for the purpose of this question, we can assume it refers to a specific sector or field.
The sentence structure implies that the blank should be filled with the name of a certification program that is well-regarded in the industry. The Certified MEEC Professional (CMP) program is a hypothetical certification program that fits the context of the sentence. It suggests that individuals who have been recognized by this program have demonstrated exceptional professionalism and have met the highest standards set by the industry. The use of the word ""Certified"" indicates a formal recognition, and ""Professional"" denotes a level of expertise and conduct expected in a professional setting. The acronym ""CMP"" is often used in various industries to denote a Certified Management Professional or other similar certifications, which aligns with the context of professional achievement.Corporations react to the various pressures and constituencies connected to the topic of social responsibility in different ways. Companies that are ________ tend to fight efforts that they see as resulting in greater restriction and regulation of their ability to maximize profits.
Answer:
B) defenders
Explanation:
The term defenders is used to describe corporations that defend or protect only their interests without any regard for the interests of the general public (or the country). Corporations that act as defenders tend to make changes only when legally compelled to do so, and only after they did everything they could to stop any regulation that affected them.
All corporations are defenders up to certain point, because their greatest concern is making the largest possible profit and no one likes to make changes that will lower their profits. When we think about this type of corporations we tend to imagine big oil corporations and defense contractors that influence policies on their favor, but also modern technological corporations like Google and F@cebook have been involved in situation where they refuse to change how they do business simply because they don't want to lose money. F@cebook knew what Cambridge Analytica was doing in the past elections and didn't care, Google favors monopolies ans they don't care either.
The bases for an action in strict liability that are set forth in the Restatement (Second) of Torts Section 402A can be summarized by the following six requirements. 1. The product must have been in a______ when the defendant sold it. 2. The defendant must normally be engaged in______ the (or otherwise distributing) that product. 3. The product must be______ to the user or consumer because of its defective condition (in most states). 4. The plaintiff must incur______ to self or property by use or consumption of the product. 5. The defective condition must be the______ of the injury or damage. 6. The goods must not have been______ from the time the product was sold to the time the injury was sustained.
Answer:
defective condition,
business of selling,
unreasonably dangerous,
physical harm,
proximate cause,
substantially damaged
Explanation:
the Restatement (Second) of Torts Section 402A
is a law guiding product liability
part of which states that
(1) One who sells any product in a defective manner unreasonably dangerous to the user or consumer or to his property is subject to liability for physical harm thereby caused to
the ultimate user or consumer, or to his property, if
(a) the seller is engaged in the business of selling such a product, and
(b) it is expected to and does reach the user or consumer without substantial change
in the condition in which it is sold.
From the answer to the question given shall follow this order
-defective condition,
-business of selling,
-unreasonably dangerous,
-physical harm,
-proximate cause,
- substantially damaged
Reference:
Robert F. Harchut, Products Liability - Restatement (Second) of Torts - Section 402A
- Uncertain Standards of Responsibility in Design Defect Cases -
After Azzarello, Will Manufacturers be Absolutely Liable in
Pennsylvania, 1978.
The discussion relates to the criteria needed to establish strict liability under the Restatement (Second) of Torts Section 402A. It involves the existence of a defective product being sold, causing harm, and being a proximate cause of the injury without substantial change in its condition.
Explanation:The topic at hand pertains to the requirements set forth in the Restatement (Second) of Torts Section 402A for a case of strict liability. Here, the six requirements can be filled as follows: 1. The product must have been in a 'defective condition' when the defendant sold it. 2. The defendant must normally be engaged in 'selling' (or otherwise distributing) that product. 3. The product must be 'dangerous' to the user or consumer because of its defective condition (in most states). 4. The plaintiff must incur 'physical harm' to self or property by use or consumption of the product. 5. The defective condition must be the 'proximate cause' of the injury or damage. 6. The goods must not have been 'substantially changed' from the time the product was sold to the time the injury was sustained. These requirements underline the responsibilities of sellers or manufacturers towards the safety of their products.
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________ is a management-oriented and production-centered perspective of organizational communication.
Answer:
Scientific Management.
Explanation:
Scientific management is a approach to implement science in the management activities to improve economic efficiency and productivity of the industry. It was first introduced by Mr Frederick Taylor in 1911. These new scientific principle have replaced conventional hit and trail method and rule of thumb method which made work easier for management and worker to perform well. Scientific management have also brought co-ordination between worker and manager.
There are four principle of scientific management by Mr Frederick Talor:
Replacing orthodox rule of thumb method with scientific method work.Instead of using "Hit and trail" approach for worker recruitment, scientific approach need to be implemented as selecting, training and developing worker to work effeciently.There should be proper coordination between worker and manager to get smooth workflow.Work should be equally divided between managers and worker to motivate and get optimum productivity.A mortgage where the interest rate fluctuates and is usually tied to an index; payment amount increases are capped for each period and for the term of the loan is called
a Reverse Annuity Mortgage (RAM).
a wraparound mortgage.
a participation mortgage.
an Adjustable-rate Loan (sometimes called an ARM).
Answer:
an Adjustable-rate Loan (sometimes called an ARM).
Explanation:
A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a home mortgage with the rate of interest on the bond changed regularly depending on a measure that represents the financing expense to the applicant on the financial markets.
The loan can be given at the regular variable rate / base rate of the lender. There may be a direct and legally defined link to the underlying index, but where the lender does not provide any specific link to the underlying market or index the rate may be changed at the discretion of the lender.
You are tasked with generating twice the amount of qualified leads your company generated last quarter. With your company’s bottom line and return on investment in mind, which of the following is the most strategic approach to take?
a. You could invest more resources in the short term, exponentially driving up the amount of traffic coming to your site to increase revenue.
b. You could increase the chances of your current traffic choosing to convert and move down your funnel.
c. You could invest additional resources in your sales team.
d. You could increase the budget of your services team.
Answer:
b. You could increase the chances of your current traffic choosing to convert and move down your funnel
Explanation:
This has the ability over time to significantly lower the cost of acquiring a customer and to have a positive impact on your return on investment.
According to the Porter (1996) article on Strategy, if there were only one ideal position in a market segment, there would be no need for strategy.
Answer:
True
Explanation:
The whole purpose of developing a strategy is to create unique and valuable market position, but f there was only one good market position, then every company would just try to reach that position. Through their own particular strategy, each company must try to differentiate themselves from the competition and hopefully reach the intended market position.
Political divisions first surfaced over the financial plan developed by Secretary of the Treasury Alexander Hamilton. Identify the five parts of Hamilton’s financial plan.
a. creation of a new national debtb. creation of the Bank of the United Statesc. encourage the development of factories by imposing a tariff on imported goodsd. establish the new nation's credit worthinesse. impose a tax on whiskey producers in order to raise revenue
Answer:
Five parts of Hamilton's financial plan are as follow.
New National debt generation.The establishment of a United States Bank. Encourage plant growth by enforcing tariffs on goods manufactured. Establish credit-worthiness for the new nation. Impose a tax on whiskey manufacturers to increase profits.Explanation:
The federal debt is the government's debt and public debt. It is also named national debt, state debt The Bank of the U.S was set up by Alexander Hamilton in 1791 to act as a warehouse for government funds and as the monetary officer of the court.A tariff's primary effect is to increase the price of goods and reduce the amount. The high price defends rivalry in the domestic industry.Creditworthiness is how it is calculated by a company or country that it will default on its debt obligations or how eligible it is to receive new credit.The bill imposed a state tax on domestic and foreign spirits, set aside to cover a part of the previous acquisition of state debts by the government.Using memory skills such as getting better organized, paying attention, using visualization strategies, and rehearsing information for later retrieval are all considered __________ strategies.a) long-term memory
b) short-term memory
c) schema
d) mnemonic
Answer:
d) mnemonic strategies
A contract whereby one undertakes to indemnify another or pay or allow a specified amount or a determinable benefit upon determinable contingencies is _______.
Answer: Insurance
Explanation:
Insurance is the term which refers to the contract that helps in transfer the various types of risk in terms of financial loss.
The insurance is basically refers to the contract and also called policy where the various types of organization receives the financial protection of the damages from the insurance company.
The main benefit of the insurance is that it sets a policy where the insurance company providing an organization a financial support for the consequences and we can use the money more efficiently.
According to the given question, a contract that allow a particular amount or pay for the damages is known as insurance.
Therefore, Insurance is the correct answer.
The Coffee Collective's goal is to provide customers with a unique coffee drinking experience and a loyalty rewards program. In doing so, the Coffee Collective is differentiating their experience in hopes of providing _____________ for their customers.
a) perceived inferior value
b) perceived superior value
c) a pure substance economy
d) market research
e) economies of scale
Answer:
b) perceived superior value
Explanation:
The coffee company is providing perceived superior value as it provides consumers with a unique coffee drinking experience and a loyalty rewards program. I hope my answer helps you
Your sister is in law school. She believes that laws that prohibit discrimination for potential LGBTQ employees best reflect what laws are supposed to do—shape the way we behave. Your sister most likely subscribes to the ________ of jurisprudence.
Answer:
Sociological School of jurisprudence.
Explanation:
The Sociological School of Jurisprudence believes that both laws and societies are closely related to each other. It states that laws are social phenomenons, therefore they evolve as societies evolve. Laws have a major impact on how societies function, but the laws themselves originate from societies' needs.
For example, less than 100 years ago homosexuality was illegal in most of the world and homosexuals would be punished with jail time or even killed in some countries. Now western societies (North and South America, most of Europe and Australia + NZ) have changed and accept homosexuality as something normal. But there still exist societies where homosexuals are criminals and are still sent to jail or killed.
One of the three basic questions an economy has to face iswhere goods and services will be produced. True or False: Under market organization, individuals can communicate their preferences to other decision makers directly, through communication, but not indirectly, through their choice of whom to transact with.
A. True
B. False
Under market organization, individuals can communicate their preferences to other decision makers directly and indirectly.
Explanation:False: Under market organization, individuals can communicate their preferences to other decision makers both directly and indirectly.
Direct communication occurs when individuals express their preferences through conversations, surveys, or feedback forms. Indirect communication occurs when individuals make choices in the market, such as buying certain products or services, which reflect their preferences.
For example, if a person prefers organic food, they can directly communicate this preference by talking to farmers or food producers. They can also indirectly communicate this preference by choosing to buy organic food from the market.
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The company has also decided to retain the existing salesperson for working in one of the territories and to appoint a new salesperson for the other. This decision would most likely result in the unethical treatment of:___________. a) the existing salesperson in the territory. b) the new salesperson appointed to the territory. c) the key accounts in the territory. d) the customers in the sales territory. e) the wholesalers in the territory.
Answer:
a) the existing salesperson in the territory.
Explanation:
This decision of wanting to appoint a new salesperson for the other territories would result in an unethical treatment of the existing salesperson in the territory.
Which of the following is characterized by private or corporate ownership of capital goods; investments that are determined by private decision rather than by state control; and determined in a free market?
Answer:
Free enterprise
Explanation:
A free enterprise is a kind of market that is free from government control and involvement and in which the production of goods and services are determined by private individuals. In a free enterprise the private individuals are permitted to organize means of production, in manufacturing goods of their choice. This can also be referred to Capitalism