can someone who owns a successful business give me inspiration on achieving to be a successful business owner
Answers
Answer: Have a sellable plan, be innovative & consistent
Explanation:
There are some things to consider that would guide you on a successful part in any venture you going into.
1) Have a plan, a sellable one; people would only buy what they need, so going into business, are you selling what they need or what you feel like doing?
2) Be innovative; innovation is one item that keeps you in market above others for a long time, if you can't be innovative, you'll leave the market earlier than you would ever imagined.
3) Be consistent; doing business is really hard, especially when you intend succeeding. You have to be consistent both in good and bad days, the result of these speaks over time.
Related Questions
Alicia has a collision deductible of $500 and a bodily injury liability coverage limit of $50,000. she hits another driver and injures them severely. the case goes to trial and there is a verdict to compensate the injured person for $40,000
a. how much does alicia have to pay?
b. how much does her insurance pay?
Just before the accident, alicia actually reduced her policy from $50,000 to $25,000.
a. how much does alicia have to pay?
b. how much does her insurance pay?
Answers
Alicia's compensation is $500, and Insurance's pay is $495,000.Part two: Alicia's compensation is $25,000 and Insurance's pay is $25,000
What are some instances of policies?A policy is a deliberate set of guidelines intended to control behavior and yield reasonable outcomes. A plan is a statement of desire that is carried thru a procedure or approach. Typically, a company's steering committee establishes policies. Policies can help both attitudinal choices.
What does policy serve to accomplish?Policies are the product of all that occurred earlier in the hierarchy, and combined with the law, they include vision, values, and organizational intent. Policies define criteria, or restrictions, for the activities and behaviors necessary to attain those objectives in a more detailed than strategic objectives.
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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One reason that mark to mark pipettes have helped with biocontainment is:_______.
Answers
Answer:
Mark to mark pipettes allow the precision delivery of the required volume of liquids and minimize the need to forcibly expel all of the liquids from a pipette.
Explanation:
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Why must people make choices about which goods to produce and consume? Select three options.
Consumption is difficult.
Resources are limited.
Production requires resources.
Everyone wants or needs goods.
Not enough people are producers.
Answers
Answer:
Resources are limited.
Production requires resources.
Everyone wants or needs goods.
Explanation:
Different regions provide different resources that people can use for their business. People in that region need to understand the type of resources that are available for them and produce the goods that can be sustained by the available resource.
This scarcity means that acquiring resources require a certain amount of capital. Since people do not unlimited capital, they have to be picky with their consumption/production to ensure the ones with highest priority are fulfilled first.
On top of that, everyone wants or needs goods. Meaning that in order to obtain a certain resources, people will have to face competition. As the competition become more fierce, the sacrifice that is needed to obtain a certain product is increased. This is also why they have to watch out which product they should choose to consume.
Answer:B,C,D
Explanation:
(Table: Cherry Farm) Use Table: Cherry Farm. If Hank and Helen have one of 100 farms in the perfectly competitive cherry industry and if the price is $5, in the short run the industry will supply _____ pounds.
Answers
Answer:
500
Explanation:
please find attached the table referred to in this question and a second table where marginal cost is included
A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply.
in a perfect competition, price = marginal cost = marginal revenue
Marginal cost = total cost 2 - total cost 1
e.g. marginal cost at 2 units of output = $7 - $2 = $5
Hank and Helen would supply at the point where marginal cost is equal to $5.
looking at the second attached table, there are two points where marginal cost is equal to $5. at output 1 and output 5.
at output one, Hank and Helen would be earning a loss because total cost is greater than total revenue. so they would not supply at this point.
at output five, Hank and Helen would earn a profit and thus would supply at 5 units of output.
Since all firms face and identical cost structure, the industry supply would be 100 x 5 = 500 pounds
The 2 goods are pens (drawn on the vertical axis) and carpets (drawn on the horizontal axis).
In the country of Quadra, the slope of the autarky relative price line is 20.
The trade relative price line has a slope of 25.
1. As the country opens up to trade, it will move toward a production of ___ pens and ____ carpets.
(Hint: Draw the diagram on a piece of paper.)
a. more; less
b. less; more
c. more; more
d. less; less
2. Quadra trades only with the country of Octa.
Trade equilibrium needs; export of ____= import of ____
a. carpets by Quadra; pens by Octa
b. carpets by Quadra; carpets by Octa
c. carpets by Quadra; pens by Quadra
d. pens by Quadra; carpets by Octa
Answers
As the country opens up to trade, it will move toward a production of less pens and more carpets. Opening up to trade allows countries to specialize in the production of goods they have a comparative advantage in.
In this case, Quadra's autarky relative price line indicates it has a comparative advantage in pens, but the steeper trade relative price line suggests a comparative advantage in carpets. Therefore, Quadra will shift its production towards carpets and reduce pen production. Trade equilibrium requires that Quadra's export of carpets equals the import of carpets by Octa. Since Quadra has a comparative advantage in producing carpets, it will export carpets to Octa, while Octa, with its comparative advantage in pens, will export pens to Quadra. This balance in trade ensures that the value of carpets exported by Quadra matches the value of carpets imported by Octa.
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Should a business email contain a salutation?
Answers
Answer:
A business email is meant in a professional way. It can be sought out as multiple different approaches, one of them, in this case, can include a friendly and welcoming business approach, including a salutation. All in all, it is up to the writer, there is no fully correct answer. Hope this helps :)
why is freshness of ingredients important in salad preparation
Answers
The fresher the ingredients of the salad the better and more authentic the taste of the ingredients. This is because fresh ingredients provide the most flavour compared to ingredients contained with preservatives.
Fresh ingredients are also better for your health. Because there aren’t any preservatives and extra chemicals and oils, it fulfills the purpose of the salad.
Although fresh ingredients may not be cheap to buy, in the long run it will be better for you body because it won’t be filled with processed foods. Instead it will be filled with fresh ingredients that are beneficial to your health.
QUESTIONS 4 66. - Neatness has great value Consider the following short run production function: Q=6L-0.4L (each a point) a. Find the value of L that maximizes output and maximum output b. Find the value of L that maximizes marginal product and maximum marginal product c. Find the value of L that maximizes average product and maximum average product Given a short run cost function as TC= 1/3Q¹-2Q²-6Q +100 a. Find the minimum value of AVC and MC (a point) A firm operates in a perfectly competitive market. The market price of its product is 4 birr and the total cost function is given by TC= 1/3Q - SQ+z0Q+50, where TC is the total cost and Q is the level of output. (each a point) a. What level of output should the firm produce to maximize its profit? b. Determine the level of profit at equilibrium. c. What minimum price is required by the firm to stay in the market Which Economic System is suit for Ethiopia? Discuss it? (4 point) Discuss the goals of macroeconomics and the measurement of economic performance of the country (6- the point) 6 6. What are problems and instruments of macroeconomics, Discuss it? (6-point)?
Answers
a. The value of L is 7.5 and the maximum output is 22.5.
b. The value of L is 7.5 and maximum marginal product is 0.
c. There is no value of L.
What is the value of L?a. To get value of L that maximizes output (Q), we need to differentiate the production function with respect to L:
\(Q = 6L - 0.4L^2\)
Taking derivative with respect to L:
dQ/dL = 6 - 0.8L
6 - 0.8L = 0
0.8L = 6
L = 6 / 0.8
L = 7.5
The value of L that maximizes output is 7.5 and maximum output (Q) will be:
\(Q = 6(7.5) - 0.4(7.5)^2\)
Q = 45 - 0.4(56.25)
Q = 45 - 22.5
Q = 22.5
To get value of L that maximizes marginal product (MP), we have to differentiate function:
MP = dQ/dL = 6 - 0.8L
Setting MP = 0:
6 - 0.8L = 0
0.8L = 6
L = 6 / 0.8
L = 7.5
The maximum marginal product is computed by substituting value into function:
MP = 6 - 0.8(7.5)
MP = 6 - 6
MP = 0
c. To find the value of L that maximizes average product (AP):
AP = Q / L = (6L - 0.4L^2) / L
Simplifying:
AP = 6 - 0.4L
Taking derivative:
dAP/dL = -0.4
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evaluate whether locating closer to raw materials is the most important factor when locating a business. if not what other factor/s would be more important
Answers
Answer:
The nature of the major raw material requires to produce the product of the business determines the level of importance attached to locating a business closer to raw materials.
Explanation:
The level of importance attached to locating a business closer to raw materials depends on the nature of the major raw material requires to produce the product of the business.
When the major raw material requires to produce the product of the business is a heavy raw material that cannot be easily transported, locating the business closer to the raw material will be the most important factor.
However, when the major raw material requires to produce the product of the business can be easily be transported, locating the business closer to raw materials will NOT be the most important factor. In this case, some of the other important factors to consider will include proximity to markets; availability of labour; water supply; availability of power, fuel or gas; waste products disposal facility and among others.
Where there is no well-understood or agreed-on procedure for making a decision, it is said to be: ___.
documented.
unstructured.
undocumented.
low-level.
semi-structured.
Answers
Where there is no well-understood or agreed-on procedure for making a decision, it is said to be: unstructured
Unstructured decisions are ones that take place when a person does not have enough options or preferences to decide. These decisions frequently result from complicated and unusual circumstances, which call for the decision-maker to draw on his knowledge and insight to reach the best choice. To make these choices and find a solution, judgment, assessment, and insight are needed. "Decision processes that have not been faced in nearly the same form and for which there are no preconceived and explicit set of ordered solutions existing in the organization" are considered unstructured.These choices are significant, unusual, and original. There is no more clear-cut way to manufacture them. When a company's management must choose whether to join a new market or stick with their current one, that is an illustration of such a choice. Information technology aids in the decision-making process.
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What is true about contemporary Indian Economy
Answers
Answer:
There is a great scope for its growth in the future.
Hope this helps.
three soft skills i need an answer
Answers
Answer:
1. Communication
2. Teamwork
3. Problem-solving
Explanation:
explain the method of bookkeeping ?
Answers
What is the SNAP food program governed by the farm bill
stamps
magnet
O paperwork
card
Answers
Answer:
The Supplemental Nutrition Assistance Program (SNAP) helps families, older adults, and individuals pay for groceries. ... SNAP benefits provide food security, stimulate local economies, and support farmers and the agriculture industry through the purchases of Pennsylvania-grown and processed foods.
Explanation:
Matt is the curator at a large national museum. He researches and catalogs new art pieces that are submitted to the museum. What education might have been necessary for Matt to attain this position? O A. O B. O C. O D. high school diploma associate degree in performing arts bachelor's degree in art history doctorate in computer sciences
Answers
The best education for Matt to attain the position of curator at a large national museum is an Option C. bachelor's degree in art history.
A curator is a person who is in charge of the collection and display of artifacts in a museum. Curators are responsible for organizing exhibits, acquiring new collections, and keeping the existing ones in good shape, among other duties. The work of a curator demands a high degree of knowledge of the materials they handle, in addition to organizational skills and the ability to engage with the public.
Curators must typically hold a bachelor's degree in a field related to the collection they oversee. Art history, anthropology, or archaeology are popular majors for curators. Additionally, they should have experience in their particular field of expertise. Furthermore, many museums will require their curators to have a Master's degree or Ph.D. in their field or a related one. These degrees are obtained in specialized postgraduate degree programs, and they demonstrate a deeper understanding of the subject matter and a commitment to the field.
The education for Matt to attain this position would be a bachelor's degree in art history. Art history is the study of visual art throughout history. It is an academic discipline that combines cultural and historical perspectives to examine and understand visual art. In this field, you will learn about artists and their works, styles and movements, and the cultural contexts that surrounded them. This knowledge is critical to the work of curating art collections, and it will enable Matt to be efficient in his job. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
Matt is the curator at a large national museum. He researches and catalogs new art pieces that are submitted to the museum. What education might have been necessary for Matt to attain this position?
A. high school diploma
B. associate degree in performing arts
C. bachelor's degree in art history
D. doctorate in computer sciences
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1. What is public relations? Give an example of a public relations activity. (1 point)
Answers
Which one of the following statements is not true regarding inherent reliability of a product? O it is predicted O it is predicted based on the type of components used to make the product O it is determined by the design it is observed during use of the product
Answers
The statement "it is determined by the design" is not true regarding the inherent reliability of a product.
Inherent reliability refers to the inherent or inherent characteristic of a product that determines its reliability or probability of functioning without failure over a specified period of time. It is typically predicted or estimated based on factors such as the type of components used, manufacturing processes, and other design considerations.
The design of a product plays a significant role in influencing its reliability, but it does not solely determine its inherent reliability. Other factors such as the quality of components, manufacturing quality control, and environmental factors also contribute to the overall reliability of a product. Therefore, the statement that the inherent reliability is "determined by the design" is not accurate.
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Which of these would be considered the most expensive form of advertisement? A. Newspaper ad B. Radio ad c. Television ad D. Web banner
Answers
Television or radio ad
Answer:
Television advertisement
Explanation:
News Paper advertisement is probably the cheapest, Web banner coming at second cheapest probably around $60-130. Radio Advertising coming at 2nd most expensive, and Television at first.
In a market economy, prices are set using a cost/benefit analysis
Answers
Arkansas permit test?
Answers
Answer:
Arkansas Fines and Limits Permit Practice Test
To take your knowledge exam, you'll need to pay a $5 testing fee, as well as a $40 license fee if you pass.
25 questions. The Arkansas knowledge test, which you must pass to get your learner's permit, has 25 questions. You must correctly answer 20 of them. If you fail the knowledge test, you can re-test in five days.
What is the term used to describe the fluctuation in demand of a certain product in relation to pricing?
Answers
Elasticity is a phrase used to describe how the price affects how much a certain product is in demand.
What is elasticity?In neoclassical economic theory, elasticity is a key idea that aids in understanding a variety of economic concepts, including the incidence of indirect taxation, marginal concepts related to the theory of the firm, wealth distribution, and different types of goods related to the theory of consumer choice. When talking about how welfare is distributed, particularly in terms of consumer, producer, or government surpluses, a grasp of elasticity is crucial.
Elasticity is a key notion in many economic theories, and it may be seen in a number of key indicators. These include the elasticity of demand at different prices, the elasticity of supply at different prices, the elasticity of demand at different income levels, the elasticity of replacement between factors of production, the cross-price elasticity of demand, and the elasticity of substitution across time.
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Steve receives a $1.50 raise from $8.25 and also insurance benefits. If he works 43 hours in week one and 30 hours in week two, and his total
deductions arer $375.00, what is his GROSS PAY and NET PAY?
Answers
Answer:
GROSS PAY: $711.75
NET PAY:$336.75
Explanation:
Total hourly pay $9.75 x hours worked (73) = gross pay
Gross pay - deductions = netpay
What consideration may discourage executives from disclosing information about many segments of the enterprise?
Answers
The considerations that may discourage executives from disclosing information about many segments of the enterprise are Adding the Cost of any beginning inventory.
Enterprise segment means the enterprise reporting segment as defined in the seller's financial statements unless it includes network infrastructure products with integrated Digital Enhanced (iDEN) protocols and associated software and services.
Enterprise Segment means (i) Retail Pro Software or Enterprise Edition users who purchase four or more inventories, and (ii) Retail Pro Software or Enterprise Edition users who purchase a single inventory of more than 10 seats. Or (iii) A prospective Retail Pro Software or Enterprise Edition user with 4 or more retail stores or a single retail store location with more than 10 seats. This definition is subject to change in accordance with Section 2.9.
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Ravina is the owner of a large bakery that specializes in customized cupcakes for special occasions. When she refurnishes her kitchen, she finalizes a layout that groups various kitchen appliances and equipment according to the type of task they perform. According to Ravina, such a layout will help her in customizing small orders. Given this information, it can be inferred that Ravina has chosen a _____ for her kitchen.
Answers
In order to solve for the PMT of an ordinary annuity, which of
the following components will you need to know the value of? Check
all that apply.
PV
N
I/YR
FV
Answers
To solve for the PMT of an ordinary annuity, you will need to know the values of PV, N, and I/YR.
What are the essential components required to determine the PMT of an ordinary annuity?To calculate the PMT (periodic payment) of an ordinary annuity, three key components are necessary: the present value (PV), the number of periods (N), and the interest rate per period (I/YR).
PV represents the current value or principal amount of the annuity. It is the initial investment or the amount that will be received at the beginning of the annuity.
N refers to the number of periods over which the annuity will be paid or received. It could be the number of months, years, or any other time unit depending on the annuity terms.
I/YR represents the interest rate per year applied to the annuity. It determines the rate at which the annuity will grow or discount over time.
By knowing the values of PV, N, and I/YR, you can calculate the PMT using various financial formulas or functions. This information allows for accurate determination of the periodic payment required in an ordinary annuity.
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Hey Yall I am giving 100 points away and a brainliest!!!!!!!!!!!!
Answers
Answer:
tysm
Explanation:
Answer:
ty
Explanation:
According to Harvey MacKay, a goal is a dream with Question 4 options: wings. practical applications. real promise. a plan and a deadline.
Answers
According to Harvey MacKay, a goal is a dream with a plan and a deadline.
1. Harvey MacKay, a well-known author and motivational speaker, emphasizes the importance of turning dreams into actionable goals.
2. MacKay believes that simply having a dream is not enough; it needs to be accompanied by a plan and a deadline to make it achievable.
3. A plan helps to outline the specific steps and actions required to reach the goal, while a deadline creates a sense of urgency and accountability.
4. By setting a plan and a deadline, individuals can break down their dreams into smaller, manageable tasks, increasing the likelihood of success.
5. This concept highlights the importance of not just dreaming, but also taking practical steps towards achieving those dreams.
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Comparing actual net income to budgeted net income is often done to evaluate the manager of a(n) ______________ center.
Answers
Comparing actual net income to budgeted net income is often done to evaluate the manager of a profit center. A profit center is a department or business unit that generates revenue and incurs costs, and is therefore responsible for its own profitability.
By comparing actual net income to budgeted net income, the manager of a profit center can assess whether the department is meeting its financial targets and contributing to the overall success of the organization.
This information can also be used to identify areas where the profit center can improve its performance and increase profitability. Overall, evaluating the manager of a profit center through comparing actual net income to budgeted net income is an important tool for assessing the effectiveness of the department's leadership and financial management.
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The purpose of ______ advertising is to build brand awareness and keep a brand name in front of consumers.
Answers
The purpose of Reminder advertising is to build brand awareness and keep a brand name in front of consumers.
What is reminder advertisememnt?Reminder advertising is a marketing strategy used by buisneses in order to encourage people to be aware of more products from trhe brand while also maintaining brand knowlegde.
With this type of advertisement , customers are encouraged and reminded to patronize products from a known brand.
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