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Jlenok [28]
9 months ago
6

you are considering starting a business to provide high quality bookkeeping services targeted to restaurants and other food serv

ice providers in your region. which factors would you evaluate to determine whether or not the food service industry offers good prospects for attractive profits?
Business
1 answer:
tiny-mole [99]9 months ago
7 0

The potential for industry growth, whether it seems as though competition will only get stronger or weaker, and the company's competence in carrying out industry key success factors.

An organized subset of economic activity is the subject of this article. See Manufacturing and Industrial society for information on mass manufacturing and its implications. An industry is a division of an economy that creates a cluster of closely linked goods, services, or raw materials (for a list of additional uses, see Industry macroeconomics). One may cite the wood business or the insurance industry as examples.

Industry classifications often use a company's or group's major source of revenue when evaluating it to place it inside a certain industry. For instance, "statistical units" are categorized by the "economic activity in which they primarily participate" according to the International Standard Industrial Classification (ISIC), which is utilized directly or through derivations for the official statistics of the majority of countries worldwide.

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Although test marketing costs can be high, they are often small when compared with ________.
Mkey [24]

Although test marketing costs can be high, they are often small when compared with the costs of a major mistake.

<h3>What is meant by test marketing?</h3>

Before a larger release, a product or marketing campaign is made accessible on a restricted basis to test markets with the intention of examining consumer reaction. It's crucial to keep in mind that customers who have been exposed to the product or campaign can unknowingly be a part of a test group.

Standard test markets, controlled test markets, and simulated test markets are the three different types of test markets. The main users of test markets are marketers of consumer packaged goods. Products supplied in packets that people use practically daily are referred to as consumer packaged goods (CPG).

Even while test marketing expenses can be considerable, they are frequently insignificant when weighed against the price of a significant error.

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5 0
1 year ago
An open market operation is the purchase or sale of _____ - _____ - by the _____ in the open market.
Natali5045456 [20]

<u>An open market operation is the purchase or sale of </u><u>government securities </u><u>by the </u><u>Federal Reserve System</u><u>  in the open market.</u>

What are open market operations?

  • The Federal Reserve uses open marketplace operations (OMOs), that are important banks' purchases and income of securities at the open marketplace, as a key device for wearing out financial policy.
  • The Federal Open Market Committee establishes the short-time period intention for open marketplace operations (FOMC).

What is an open marketplace purchase?

  • The buying or promoting of stocks in a agency through insiders is called an open-marketplace transaction.
  • An insider should report the important office work with the SEC earlier than carrying out an open-marketplace transaction which will follow insider buying and selling regulations.

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4 0
1 year ago
If consumers view the output of any firm in a market to be identical to the output of any other firm in the market, the demand c
Georgia [21]

Answer:

B. will be horizontal.

Explanation:

In the case when the firm is in the perfect competition market so here the demand curve would be horizontal as because of the same product and also the transaction cost is lesser that means if someone rise the prices so the producer would lost all its revenue

Therefore as per the given situation, the option b is correct

6 0
2 years ago
Oren and pat are parties to a contract for the management of oren's residential rental properties. a dispute arises between them
Vanyuwa [196]
A compromise, or settlement agreement, that arises out of a genuine dispute over the obligations under an existing contract will be recognized at law. The agreement will be substituted as a new contract when there is <span>the agreement by the parties to the new contract </span>and will either expressly revoke and discharge the obligations under the prior contract.  It does not require the intervention of the law.  
4 0
3 years ago
Good scientific analysis can overcome poorly collected evidence.true false
Studentka2010 [4]
I believe the statement is false. Good scientific analysis cannot overcome poorly collected evidence. It is <span>because the analysis could be incorrect because the evidence is not reliable. Hope this answers the question. Have a nice day.</span>
4 0
3 years ago
Read 2 more answers
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