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umka2103 [35]
2 years ago
14

When Ben left the corporate rat race to start his own pottery business, he used some of his retirement savings to finance the bu

siness. This practice is known as:
Business
1 answer:
MariettaO [177]2 years ago
5 0

When Ben left the corporate rat race to start his own pottery business, he used some of his retirement savings to finance the business. This practice is known as bootstrapping.

<h3>What is bootstrapping?</h3>

Bootstrapping is a word used in business to describe the process of starting and growing a firm utilizing solely available resources, such as personal funds, personal computing equipment, and garage space.

Learn more about bootstrapping here:

brainly.com/question/14097941

#SPJ4

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Henry Ford is known for the introduction of the assembly line and the Model T. As his manufacturing effort expanded, however, he
Alecsey [184]

Answer:

Fordism, a specific stage of economic development in the 20th century. Fordism is a term widely used to describe (1) the system of mass production that was pioneered in the early 20th century by the Ford Motor Company or (2) the typical postwar mode of economic growth and its associated political and social order in advanced capitalism.

Explanation:

Good luck

4 0
3 years ago
You and the other shoe store owners decide to fix your shoe prices at $60 a pair in order to maximize your profits. This is call
igomit [66]
Is called collusion

It's actually price collusion to be precise ( not to be mistaken for the crime collusion)

Often time, to attract customers, sellers will offer a lower price than their competitor. Though it may attract more customer, it will lower their profit.

In price collusion, all sellers is guaranteed to have same product price and profit margin, creating a perfect competition market for that product
6 0
3 years ago
Read 2 more answers
1. Your total restaurant bill is _____. A. the items purchased minus sales tax, and plus tip B. the items purchased plus sales t
dalvyx [7]
<span>1. The correct answer among the choices listed is option B. Your total restaurant bill is </span>the items purchased plus sales tax and tip<span>.

</span>2. The correct answer among the choices listed is option A. A check is <span>required to be paid by your bank when presented</span><span>. 
</span>
3. The correct answer among the choices listed above is option B. Bartering is not a way to pay in modern economies.
7 0
3 years ago
Read 2 more answers
You obtain a vehicle loan from the bank for $34,720 for a term of 4 years at an annual interest rate of 7.5%.  Use the amortizat
Alla [95]

Answer:

TVM=34,720*0.075/12 : [1-(1+0.075/12)^-48]

TVM=839.49

Explanation:

An=34,720

t=4 yrs , ---> n=48 (4*12)

j=7.5 %.---> i=0.075/12

m=12

* i=j/m

*n=mt

TVM=An*i : [1-(1+i)^-n]

TVM=34,720*0.075/12 : [1-(1+0.075/12)^-48]

TVM =839.49 (round two decimal)

4 0
3 years ago
Managers at​ Flavors, a restaurant​ chain, train their employees such that in the absence of​ employees, someone trained in the
lutik1710 [3]

<u>Full question:</u>

Managers at​ Flavors, a restaurant​ chain, train their employees such that in the absence of​ employees, someone trained in the same skills can step in and do the job equally well.​ Thus, many modules in training are extensive as they provide employees with details of the skill sets required for different jobs. In​ practice, this lengthy training program does help the company as a​ well-trained and flexible workforce is at their disposal at all times. The managers at Flavors use​ ________.

A. job sharing

B. vertical enhancement

C. flextime

D. job rotation

E. telecommuting

<u>Answer:</u>

The managers at Flavors use​ job rotation

<u>Explanation</u>:

Job Rotation is an administration approach where employees are stirred within two or more jobs at fixed intervals of the chance to show them to all verticals of an association. It is a well-planned system to overcome the monotony of performing the same kind of job every day and examine the unknown potential of an employee.

By alternating their jobs, you improve balance the uncertainty of exhaustion. If an employee leaves you to hold other employees competent in reaching the left employee’s tasks.

3 0
3 years ago
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