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March 27, 2017

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13. Giganeers faces competition from many other companies that also provide engineering consulting services. In order to gain more business, Gig has tried to convince potential clients that his company offers better service than the competition. He has advertised heavily in professional magazines, often quoting some of his highly satisfied clients. The market Giganeers operates in is an example of: (Points: 1)
perfect competition.
monopoly.
oligopoly.
monopolistic competition.
Is it Perfect Competition

14. ____________ is the amount a business earns over and above what it spends for salaries and other expenses. (Points: 1)
Profit
Revenue
Interest
Dividends
is it revenue

  • Check - ,

    Your first answer is correct.

    However, check this definition of revenue for your second answer.

    http://dictionary.reference.com/browse/revenue?qsrc=2888

    Please look up the other words to find the right answer.

  • Check - ,

    Profit?

  • Check - ,

    Right. Profit is your second answer.

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