Write a complete business plan to start a new venture for the
following product? (Electronic Toys)
Table of contents:
• Executive Summary
• Industry Analysis
• Company Description
• Market Ana
Answers
Executive SummaryElectronic Toys is a new venture that plans to introduce innovative and fun electronic toys for children of all ages. We aim to capture a significant market share in the toy industry by offering toys that enhance learning, creativity, and physical activity.
The company will be based in the United States, with plans to expand internationally over time. The initial start-up cost will be funded through investors, and our revenue model will be through direct sales to consumers as well as partnerships with retail stores.Industry AnalysisThe toy industry is one of the most dynamic and exciting sectors to be a part of. In the United States, the toy industry generated revenue of $20.7 billion in 2019, with an expected growth rate of 4.4% in the next five years.
Our company will be headquartered in Los Angeles, California, with a team of ten employees. We will have a small production facility for initial production runs, and we plan to expand our production capacity as the company grows.Market AnalysisOur target market is parents of children between the ages of 3 and 12 who are looking for innovative and interactive toys that promote learning and physical activity.
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Related Questions
Pls Help me out with these questions
Answers
A. The total size of the Boxhill restaurant market in 2013 is £1,350,000. B. The market is projected to decline by £800,000 between 2013 and 2014. C. The Swan had a market share of approximately 24.44% in 2013.
D. While Louis has conducted market research and has some factors working in his favor, there are also potential challenges, such as the projected decline in the market size and existing competition.
How did we arrive at these assertions?A. To calculate the total size of the Boxhill restaurant market in 2013, we need to sum up the turnovers of all three establishments:
Total turnover in 2013 = Turnover of The Fox + Turnover of The Swan + Turnover of the Golden Crown
= £500,000 + £300,000 + £550,000
= £1,350,000
Therefore, the total size of the Boxhill restaurant market in 2013 is £1,350,000.
B. To calculate the market growth between 2013 and 2014, we need to compare the total size of the market in 2013 with Louis's forecasted turnover for the Golden Crown in 2014:
Market growth = Forecasted turnover of the Golden Crown in 2014 - Total size of the market in 2013
= £550,000 - £1,350,000
= -£800,000 (negative value indicates a decline in market size)
According to the given figures, the market is projected to decline by £800,000 between 2013 and 2014.
C. To calculate the market share of The Swan in 2013, we need to divide its turnover by the total market turnover and multiply by 100:
Market share of The Swan = (Turnover of The Swan / Total turnover in 2013) * 100
= (£330,000 / £1,350,000) * 100
≈ 24.44%
Therefore, The Swan had a market share of approximately 24.44% in 2013.
D. Now let's discuss whether Louis is right to be confident that his business will succeed:
1. Market Potential: Louis believes there is plenty of room for his new business in the market, considering the completion of a large housing estate. This suggests potential growth and increased customer demand.
2. Market Research: Louis has invested time and money in conducting market research. This indicates a proactive approach and a better understanding of customer preferences and market dynamics.
3. Competition: Although there are already two pubs serving food in the village, Louis might differentiate his pub by offering unique features, ambiance, or a specific target audience. Assessing the competition and finding a niche could enhance the chances of success.
4. Forecasted Turnover: Louis has estimated a turnover of £550,000 for the Golden Crown in 2014, indicating confidence in the profitability of his business. However, the market growth calculation shows a projected decline in the market size, which could present a challenge.
5. Customer Base: The completion of a new housing estate can potentially bring in new residents who may become regular customers. However, the size and spending habits of this customer base are uncertain, and attracting them might require effective marketing and advertising strategies.
6. Execution and Management: Success also depends on the execution of the business plan, quality of food and service, pricing, marketing efforts, and efficient management of the operations. Louis should ensure that he has the necessary skills and resources to meet customer expectations and maintain profitability.
Overall, while Louis has conducted market research and has some factors working in his favor, there are also potential challenges, such as the projected decline in the market size and existing competition. To increase the chances of success, Louis should carefully evaluate and adapt his business plan to effectively attract and retain customers, differentiate his pub from competitors, and manage the operations efficiently.
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Publishers and printing companies are both involved with books, magazines, and newspapers. One type of company is
considered part of the manufacturing section, because it produces the physical product: books, magazines,
newspapers, and so on. What sector does publishing belong to, since it does not produce a tangible product (until
printing transforms it into one)?
O primary, because it makes original content
secondary, because it transforms ideas into physical objects
tertiary, because it provides a service
quaternary, because it involves research
Answers
Answer:
quaternary, because it involves research
Explanation:
If Japan has a comparative advantage in the production of microchips,how would that affect their international trade?
Answers
Answer: countries would purchase microchips from japan because they are cheaper
Explanation:
Answer:
C countries with purchase microchips from Japan because they are cheaper.
Explanation: USATestprep
In which three areas did NAFTA reduce or eliminate tariffs?
Answers
Answer: On agriculture, textiles, and automobiles.
Explanation:
The correct answer is U.S., Canada, and Mexico.
The North American Free Trade Agreement (NAFTA) was implemented to promote trade between the U.S., Canada, and Mexico. The agreement, which eliminated most tariffs on trade between the three countries, went into effect on Jan. 1, 1994.
What tariffs did NAFTA eliminate?On January 1, 1994, Mexico eliminated tariffs on nearly 50 percent of all industrial goods imported from the United States, including some of our most competitive products such as machine tools, medical devices, semiconductors and computer equipment, and telecommunications and electronic equipment.
How did NAFTA benefit all 3 countries?NAFTA boosted trade by eliminating all tariffs among the three countries. It also created agreements on international rights for business investors. That reduced the cost of commerce. It spurs investment and growth, especially for small businesses.
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positive outcomes of entrepreneurship in marketplace
Answers
Answer: New and improved offerings, products or technologies from entrepreneurs enable new markets to be developed and new wealth created. Additionally, the cascading effect of increased employment and higher earnings contribute to better national income in form of higher tax revenue and higher government spending. Entrepreneurship and Innovation minors will be able to sell themselves and their ideas. Students master oral and visual presentation skills and establish a foundation of confidence in the skills necessary to cause others to act. Entrepreneurship and Innovation minors will be able to find problems worth solving. Economic growth. The bottom line of vibrant entrepreneurialism is that it creates wealth: for the entrepreneur, for the people that are employed as a result and for the local economy. ... Entrepreneurs boost economic growth by introducing innovative technologies, products, and services. Increased competition from entrepreneurs challenges existing firms to become more competitive. Entrepreneurs provide new job opportunities in the short and long term.
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Simon's hot chicken purchased its building seven years ago at a price of $141,150. the building could be sold for $180,750 today. the company spent $66,950 on other fixed assets that could be sold for $59,450. the company has accumulated depreciation of $81,750 on its fixed assets. the company has current liabilities of $37,700 and net working capital of $19,250.
required:
what is the ending book value of net fixed assets?
Answers
The ending book value of net fixed assets for Simon's Hot Chicken is $126,350, calculated by subtracting the accumulated depreciation from the initial cost of fixed assets .
To calculate the ending book value of net fixed assets, we need to subtract the accumulated depreciation from the initial cost of fixed assets. The initial cost of the building is $141,150, and the accumulated depreciation on fixed assets is $81,750. Thus, the ending book value of the building is $141,150 - $81,750 = $59,400.
The other fixed assets cost $66,950, and the accumulated depreciation is not provided for these assets. However, we are given that these assets could be sold for $59,450. Since the accumulated depreciation is not specified, we assume it to be zero. Therefore, the ending book value of the other fixed assets is $66,950 - $0 = $66,950.
To find the ending book value of net fixed assets, we sum up the book values of the building and other fixed assets: $59,400 + $66,950 = $126,350. Therefore, the ending book value of net fixed assets for Simon's Hot Chicken is $126,350.
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in the process of market segmentation, which of the following is the step that comes after grouping customers with similar need sets?
Answers
Answer:
D
Explanation:
Most products in developed economies fulfill more than one need.
When i grow up i would like to be a real estate agent and also create my own business
can someone help me whit the rest pls!!!
Answers
Answer:
re write to (after high school i would follow my dreams and seek my future to become knows as a real estate agent and would love to become one good salary and a wealth living for my future family) -there you go add more if its not enough
Explanation:
the fed uses to regulate the money supply. a. the political negotiation process b. stock market investments c. the discount rate d. the deposit requirement
Answers
The fed uses to regulate the money supply. d. the deposit requirement.
Money is any proper this is broadly used and standard in transactions regarding the transfer of products and offerings from one man or woman to another. Economists differentiate among 3 unique sorts of money: commodity cash, fiat money, and bank money. Commodity cash is a great whose cost serves because the cost of money.
You simply need a market in which to promote your goods or services. In that market, you do not barter for character items. as an alternative you exchange your items or services for a not unusual medium of alternate—that is, cash. you may then use that money to buy what you need from others who additionally accept the same medium of change.
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What is a business opportunity?
Answers
Answer:
a packaged business investment that allows the buyer to begin a business.
Explanation:
What are customer needs?
Answers
Answer:
A customer need is a need that motivates a customer to purchase a product or service.
What causes budget deficit?
Answers
Answer:
The exact causes of a government budget deficit can be hard to track down, but in general, they are caused by low taxes and high spending. That's because the government's main source of revenue is taxation, so having low tax income means that the government's total income is low.
true or false, to advance the progress completion percentage in a smartbook assignment, only one question per concept must be answered correctly
Answers
Answer:
FalseExplanation:
A SmartBook assignment's progress completion % may not always be dependent on correctly answering just one question per idea. The requirements for increasing a SmartBook assignment's progress completion percentage can change based on the particular assignment, the course, and the instructor. It could be determined by properly answering a predetermined number of questions overall, a predetermined number of questions in each topic area, or by doing a predetermined number of activities or evaluations inside the assignment. The easiest way to find out the precise requirements for raising the progress completion percentage in a SmartBook assignment is to study the assignment instructions or speak with the instructor.
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Which financial statement summarizes a business’s incomes and expenses?
The main purpose of the BLANK statement is to present your business’s earnings for a given period as it summarizes your incomes and expenses.
Answers
Answer:
Income statement.
Explanation:
Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.
The income statement is a financial statement that summarizes a business’s incomes and expenses.
Hence, the main purpose of the income statement is to present your business’s earnings for a given period as it summarizes your incomes and expenses.
Mary runs a clothing store at a ski resort. She is approached by Sally who has several dozen funky hand knit ski caps she would like Mary to buy to sell in her store. Mary agrees on the condition that Sally take back any unsold hats at the end of the season. This agreement is an __________________.Sale on approvalSale or returnAn unenforceable promiseAn installment sales contract
Answers
This agreement is an "sale or return". Option B is the correct answer.
Sale or return is the agreement between the buyer and the seller in which the buyer can return the goods to the seller within an agreed period if the goods are not satisfactory or fail to meet their requirements. This agreement is an important safeguard for the buyer against the possibility of being stuck with goods they do not need or are unable to sell. The seller also benefits as this agreement will boost their sales and reduce the likelihood of returns.
Thus, the above scenerio indicates an exmale of sale or return agreemnt.
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Items that regularly appear on the financial statements of Maple Park Theatres Corp. The amounts shown for balance sheet items are balances as of September 30,2016
Answers
Answer:
Financial Statements are the reports of a company which provide detailed information about company financial position. The Income statement reports the company revenues and expense for the period whereas Balance sheet reports the company assets and liabilities position.
Explanation:
The Maple Park Theaters Corp. has reported the net of $133,562 in its income statement. The company has planned for reinvesting the 80% of net income into the extension of park. The reinvestment decision is taken by the company management for the purpose of increase revenue. The decision seems to be correct as extension of park and its services will attract more people to the park and ultimately revenue will increase and so profit too.
free brainliest whoever answers first
Which examples demonstrate common Banking and Related Services workplaces and employers? Check all that apply.
Answers: A, C, E
Bud stands at a counter helping customers with deposits and withdrawals.
Tobias works for an investment company analyzing investment opportunities.
Thanh analyzes a customer’s application for a mortgage in a mortgage company office. Lourdes works for the stock market managing transfers of stock.
Jill meets with a customer in a credit union to discuss a loan.
Suzanne sells health insurance.
Answers
Answer:
ace of spades A C E
Explanation:
Answer:here's the right answer for this question
Explanation:edge2023
please briefly answer dont copy and pasteYou are going to buy a take-out Pizza outlet for $150,000. Referring to Contract Act, what 'four' requirements will form a Contract between you (buyer) and the seller. Explain all four with respect to that Pizza Outlet.
Answers
The four requirements that form a contract between the buyer and the seller of a pizza outlet, based on the Contract Act, are as follows: Offer, Acceptance, Consideration, Mutual Intent.
Offer: There must be a clear offer made by one party, in this case, the seller of the pizza outlet, to sell the business to the buyer. The offer should specify the terms and conditions, such as the price of $150,000.
Acceptance: The buyer must accept the offer presented by the seller, indicating their willingness to proceed with the purchase of the pizza outlet at the specified price. This can be done through verbal or written communication.
Consideration: There should be something of value exchanged between the buyer and the seller to make the contract legally binding. In this case, the consideration is the payment of $150,000 from the buyer to the seller in exchange for ownership of the pizza outlet.
Mutual Intent: Both the buyer and the seller must have a genuine intention to enter into a legal agreement. They should understand and acknowledge the consequences and responsibilities associated with the contract, including the transfer of ownership and obligations related to the pizza outlet.
These four requirements, offer, acceptance, consideration, and mutual intent, are essential elements in forming a contract for the purchase of the pizza outlet.
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Cara makes 152 pies in 8 days. How many pies does Cara make per day if she makes the same number of pages each day
Answers
Answer:
19
Explanation:
152 divided by 8 is 19
If Suzanne applies for and receives a loan on a peer-to-peer lending website, who is supplying the funding to Suzanne?
A. An investor hoping to make money on her interest payments
B. A friend or family member who trusts her to repay the funds
C. The Federal government, funding the loan with tax dollars
D. People who have received a loan in the past on the website and are now "paying it forward"
Answers
If Suzanne applies for and receives a loan on a peer-to-peer lending website, an investor hoping to make money on her interest payments is supplying the funding to Suzanne. Hence option (a) is the answer.
What is an interest payment?The cost of borrowing money or the fee you charge to lend it is interest. The annual percentage of the loaned amount is a common way to express interest. This percentage represents the loan's interest rate. Both lenders and borrowers have the option of adding interest to the utilization of their funds.
Interest is frequently conceptualized as either compound or simple interest. Both lenders and borrowers have the option of adding interest to the utilization of their funds. Interest is frequently thought of as either compound or simple interest.
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Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
Answers
Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
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Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
__________________________________________________________
This is 100% right because I took the test
Go to explanation for picture with answers
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Explanation:
Here's the picture and I hope this helped!
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On December 31 of the current year, Plunkett Company reported an ending inventory balance of $215,000. The following additional information is also available:Plunkett sold and shipped goods costing $38,000 to Savannah Enterprises on December 28 with shipping terms of FOB shipping point. The goods were not included in the ending inventory amount of $215,000.Plunkett purchased goods costing $44,000 on December 29. The goods were shipped FOB destination and were received by Plunkett on January 2 of the following year. The shipment was a rush order that was supposed to arrive by December 31. These goods were included in the ending inventory balance of $215,000.Plunkett's ending inventory balance of $215,000 included $15,000 of goods being held on consignment from Carole Company. (Plunkett Company is the consignee.)Plunkett's ending inventory balance of $215,000 did not include goods costing $95,000 that were shipped to Plunkett on December 27 with shipping terms of FOB destination and were still in transit at year-end.Based on the above information, the amount that Plunkett should report in ending inventory on December 31 is:_____________A. $194,000B. $209,000C. $200,000D. $171,000E. $156,000
Answers
The amount that Plunkett should report in ending inventory on December 31 is: E. $156,000.
Ending inventoryUsing this formula
Ending inventory= Ending inventory balance - FOB destination goods purchased - Goods being held on consignment
Let plug in the formula
Ending inventory= $215,000 - $44,000 - $15,000
Ending inventory= $156,000
Therefore the correct option is E.
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Calvin invests $10,000 into an account that earns 3% annual interest compounded monthly. In how many years will the account be worth over $18,000
Answers
The account will be worth over $18000 in about 19 years and 7 months.
What is the compound interest rate?Compound interest is computed as interest on the principle of an account plus any accrued interest.
Compound interest can be calculated using the following formula:
x = P (1+r/n\()^{nt}\)
,where x = compound interest
P = principal (the initial deposit or loan amount)
r = annual interest rate
n = the number of compounding periods per unit of time
t = the number of time units the money is invested or borrowed for
Given:
Calvin invests $10,000 into an account that earns 3% annual interest compounded monthly.
The future amount is $18000.
First, convert R as a percent to r as a decimal
r = R/100
r = 3/100
r = 0.03 per year,
Then, solve the equation for t
t = ln(A/P) / n[ln(1 + r/n)]
t = ln(18,000.00/10,000.00) / ( 12 × [ln(1 + 0.03/12)] )
t = ln(18,000.00/10,000.00) / ( 12 × [ln(1 + 0.0025)] )
t = 19.617 years
Therefore, the required time is about 19 years and 7 months.
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Credentials are an official verification, from an accredited source, attesting to capability.
True
False
Answers
Answer:
false
Explanation:
.
Answer: False
Explanation:
a scrum team consists of the following a. project manager b. program manager c. product owner d. product manager
Answers
The following individuals make up a Scrum Team: developers, product owners, and scrum masters.
Who makes up the scrum team?The Scrum master, the product owner, and members of the development team make up a Scrum team. Many people like the Scrum project management process. A Scrum Team is a group of people who collaborate to deliver the committed and desired product increments. All work that is completed for the customer inside the Scrum Framework is done by dedicated Scrum A Scrum Team needs everyone on the team for it to function successfully. Actually, a rugby scrum served as its inspiration. In order to work together to advance the ball, the rugby team forms what is known as a scrum.
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________ are a form of tax and spending rules that can affect aggregate demand in the economy without any changes in legislation.
Answers
Fiscal policies are a form of tax and spending rules that can affect aggregate demand in the economy without any changes in legislation.
To achieve economic objectives, fiscal policy entails adjustments to taxation or spending (government budget). A fiscal policy example would be to alter the corporate tax rate. Fiscal policy: Modifications to Federal expenditure or tax rates with the aim of affecting the macroeconomy. Fiscal policy is one way that policymakers can affect the overall demand. The aggregate-demand curve moves to the right in response to an increase in government spending or a decrease in taxation. The aggregate-demand curves move to the left in response to a reduction in government spending or an increase in taxes. Fiscal policy is the method by which a government modifies its tax and expenditure rates to track and affect a country's economy.Learn more about fiscal policy here brainly.com/question/9721459
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Explain,using PED,why a company might introduce a policy of raising travel fares at peak times and lowering travel fares at non peak time ?
Answers
Using Price Elasticity of demand or (PED) a company might introduce a policy of raising travel fares at peak times because :-
Understanding the 'elasticity of demand' that is pertinent in this situation. Applying price elasticity of demand demonstrates the relationship between the impact of raising fares during busy periods and changes in total revenue, as well as the impact of reducing fares during less busy periods and changes in total revenue.
The quantity demanded of a good or service divided by the percentage change in price is the price elasticity of demand. The percentage change in quantity supplied divided by the percentage change in price represents the price elasticity of supply.To learn more about Price Elasticity of demand, click the links
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Benjamin believes his employees are responsible, creative and able to work with minimal direction he is a?
Answers
Benjamin believes his employees are responsible, creative and able to work with minimal directions. He is a manager.
Who is an employee?An employee is someone who works directly under an organization or a company expected to be paid at the end of the month for the service rendered.
Benjamin is a manager who manages the affairs of the company. He is responsible for the smooth running of the company.
He gives directives on what to do to various units head and reviews feedback of the work done so far.
Therefore, Benjamin believes his employees are responsible, creative and able to work with minimal directions. he is a manager.
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Technician a says that in a worm gear steering system, most excessive steering free play is usually found in the gearbox. technician b says that in a rack-and-pinion steering system, excessive free play can be found in the bushings. who is correct? choose one answer. a. technician a b. technician b c. both technician a and technician b d. neither technician a nor technician b
Answers
Answer:
b. technician b
Explanation:
Worm gear is the arrangement of gear like a worm in the vehicle. It has rack and pinion steering system. This setup provides smooth drive experience to the drivers. The excessive freeplay in such a setup is found in bushings.
Why is creative thinking important to generate business ideas?
Answers
Answer: Creative thinking is necessary for business problem-solving.
Explanation: The skill of creative thinking is a helpful skill because it teaches workers/business owners to find opportunities and ways to improve something even if the situation is challenging. This also lets the person face a problem or situations by a different view. I hope this helped!