Answer:
Choose to do nothing about the issue
Answer:
Explanation:
Production Budget = Sales+Ending Inv-Op Inv
= 75000+10000-20000 = 65000 units
Ending Inv is Three Month Production = 65000*(3/12) = 16250 unit
Ending Inv = 16250unit*5 Feet/unit =81,250 feet
Mat Reqd for 65000unit = 65000*5 = 325,000 feet
SO Mat Reqd in 2008 = Mat Reqd + Ending Inv -Op Inv
= 325000 + 81250 - 50000
= 356,250 feet
Answer:
Entrepreneurial thinking helps you stay ahead of others at work. It helps you tackle the ever increasing competition and rise through ranks. Your ability to identify problem quicker and provide solution timely is likely to put forward the best of you in front of your employer.
It allows for more flexibility in you. Entrepreneurial thinking can change your attitude towards th organization as well as yourself. Through the flexibility that it allows, it enables you to adapt to the changing environment such as the changes in competitive landscape, market dynamics, and consumer trends/demands etc. Little or no time is wasted in resistance towards the change, speeding up your career growth.
An entrepreneurial mindset provides individuals with the ability to adapt to certain conditions effectively.
Having an entrepreneurial mindset will encourage creativity. If you’re open to innovation and willing to take risks, you’ll be more likely to think outside the box. If something isn’t working well, there may be more than one fix, and you shouldn’t always fall back on the simplest or safest method. Critical thinking is the key to a successful business, and being willing to find creative solutions even if it might mean more work will help your business greatly in the long run.
