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Kobotan [32]
2 years ago
11

When selecting a business idea, why is the advice to "do what makes you happy" and "be true to yourself" so important?

Business
1 answer:
Afina-wow [57]2 years ago
4 0

When selecting a business idea, why is the advice to "do what makes you happy" and "be true to yourself" so important because finding a skill you enjoy and are strong at is crucial. You should also consider whether your concept can address a market need.

What is the importance of selecting business idea?

Sales and profit are generated by the business idea, which also gives investors an incentive to invest. Sales and earnings provide the possibility of investing in new goods and services, allowing the company to expand. It embodies capitalism in its purest form. Having said that, you are more likely to face competition if your idea is a dud.

What are four importance of a business plan?

A business plan can help you as an entrepreneur clarify and concentrate on your business ideas and strategies. You focus on management challenges, human resource planning, technology, and adding value for your customers in addition to financial matters.

Learn more about business idea: brainly.com/question/11554090

#SPJ4

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Implementing a marketing plan a. is the starting point of the marketing mix strategy to identify target markets. b. entails gaug
GalinKa [24]

Answer:

Letter a is correct. <u>Is the starting point of the marketing mix strategy to identify target markets.</u>

Explanation:

A marketing plan can be defined as a detailed document that contains the actions that a company must take to achieve its marketing objectives. Through this document, it is possible to carry out a planning for a product, service and brand.

The stage of implementing the marketing plan is the starting point for the company to outline specific marketing strategies, such as the marketing mix, which is a strategic tool used to achieve its marketing objectives in the target market.

The marketing mix model most used by companies is that of 4P: product, square, price and promotion, and for each of the variables there is a set of specific activities that integrated help to achieve objectives and goals.

Therefore, the implementation stage is extremely relevant for the company, it is necessary to adjust expectations in order to set real and possible goals to be achieved in a certain time, it is also important to assemble a team with qualified professionals for the execution of the plan, so that the actions correspond to the organizational values ​​and strategies. Communication is also essential for feedback, new ideas and suggestions.

It is important to note that a marketing plan is changeable, as several factors influence it to evolve and change, so it is necessary to have constant monitoring and evaluation, so that this is an effective strategy for the company.

7 0
4 years ago
When Heidi Ganahl first started out with Camp Bow Wow, she spent a lot of time "micromanaging" things, but as time went by, she
klasskru [66]

Answer:

c. Strategic planning

Explanation:

Micromanaging things refers to managing things with respect to the subordinates work or remember them for working in a particular subject.

In the given situation, since Heidi Ganahl spent a lot of time for micromanaging things after that he spent more focused on strategic planning as she wants to do the work planning so that she is able to accomplish the goals and objectives in an efficient and effective manner

Moreover, strategic planning refers to planning with respect to the direction of the business, its vision, mission, objectives, goals, etc so that the firm gets to know where they are and where they want to be in near future.

Hence, the correct option is c.

5 0
3 years ago
On June 30, 2019, bonds were issued at par with a face value of $2,000,000 and a 7% stated interest rate. Each bond has a $1,000
vagabundo [1.1K]

Answer:

The answer is "$84,000 in the numerator and 60,000 in the denominator".

Explanation:

If securities are transformed into stocks. So, the common stack holder  should be have a larger net revenue, calculation of net revenue

= \$ 2,000,000 \times 7 \% \times (1 - 0.40) \\\\=  \$ 2,000,000 \times \frac{7}{100} \times 0.6\\\\=  \$ 20,000 \times 7 \times \frac{6}{10}\\\\=  \$ 2,000\times 7\times 6\\\\=  \$ 2,000 \times 42\\\\=  \$ 84,000\\

In addition, the loads will also raise the total amount of shares which is calculated as follows:

= \frac{\$ 2,000,000}{ \$ 1,000 \times 30}\\\\= \$ 60,000  \ stocks

Formula:

\ EPS =\frac{\ net \ income}{ \ average \ number \ of \ stocks}

That's why in this question numerator is = $ 84, 000 and denominator = $ 60,000

7 0
3 years ago
Suppose that market demand is Q = 660 – 12P and marginal cost is MC = 5. The consumer surplus in a perfectly competitive market
Ad libitum [116K]

Answer: 15000; 3750

Explanation:

From the question,

Q = 660 – 12P

MC = 5

The consumer surplus in a perfectly competitive market will be:

P = MC

Therefore, P = 5

Q = 660 - 12P = 660 - 12(5) = 660 - 60 = 600

Consumer surplus = 1/2 × (55 - 5) (600)

= 1/2 × 50 × 600

= 15,000

For monopoly, MR = MC

Total Revenue = P × Q

Since Q= 660 - 12P

P = (660 - Q)/12

TR = P × Q

= (660 - Q)/12 × Q

= (660Q- Q²)/12 × Q

MR = (660 - 2Q)/12

MR = MC

(660 - 2Q)/12 = 5

(660 - 2Q) = 5 × 12

660 - 2Q = 60

2Q = 660 - 60

2Q = 600

Q = 600/2

Q= 300

Since P =(660 - Q)/12

= (660 - 300)/12

= 360/12

= 30

Consumer surplus = 1/2 × (55 - 30) (30)

= 1/2 × 25 × 300

= 3750

Therefore, the answer is 15000; 3750

7 0
3 years ago
Which NIMS Management Characteristic may include gathering, analyzing, and assessing weather service data from technical special
brilliants [131]

Answer:

Information and intelligence management

Explanation:

NIMs which stands for national incident management system.  it is a system that direct all sort of organisation whether is is government, private or non government to work for prevention , respond to any incident occurs.

it is collective effort from all above organisation for prevention of any incident.

Information and intelligence management is one main characteristics of NIMS which gather all important information regarding any incident.

five steps of this characteristics are

planning and direction of work

collection of raw information

processing work

analysis of information

and circulation of information through various source

8 0
3 years ago
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