All categories

1 year ago

What factors refer to rules and regulations that businesses must abide by

1 answer:

7 0

No matter what kind of operation you intend to run, there are a number of rules to take into account when beginning a business, including taxes, labor, employment, antitrust, advertising, environmental restrictions, privacy, and licenses.

<h3>What do business regulations entail?</h3>

Federal rules and statutes that safeguard businesses and the public interest are known as government business regulations. Small enterprises might use these restrictions to aid in their expansion. If you run a construction company, for instance, government rules might mandate the use of specific safety equipment on the job site.

<h3>Why is regulating business so crucial?</h3>

To advance the economic and social wellbeing of private sector enterprises, governments create laws and regulations. In addition to protecting consumers, workers, and the environment, regulations are in place to support a just and competitive market.

Learn more about business regulations: brainly.com/question/1303161

#SPJ9

You might be interested in

During 2010, Shirley Nutt, the sole shareholder of a calendar year S corporation, received a distribution of $16,000. On Decembe

Norma-Jean [14]

Answer:

Attached image carries the solution to this problem.

3 0

3 years ago

Flesch corporation produces and sells two products. in the most recent month, product c90b had sales of $26,100 and variable exp

julia-pushkina [17]

Flesch Corporation produces and sells two products, in case if there is any shift in the sales from product Y45E to C90B, then the breakeven will also decrease, since the contribution margin for Product C90B is less than the Product Y45E.

Contribution Margin: Total Contribution ÷ Total Sales

Product C90B:

=(26100-9135) ÷ 26100

= 35%

Product Y45E:

= (33540-15093) ÷ 33540

= 45%

Since the contribution margin of Product C90B < Product Y45E, the breakeven will decrease.

5 0

4 years ago

The Giles Agency offers a 12% trade discount when providing advertising services of $1,000 or more to its customers. Audrey’s An

frozen [14]

Answer:

Please refer the journal entries below

Explanation:

Trade Discount:

There is no accounting entry for the trade discount, trade discount is simply deducted from the total amount and the entry is passed after incorporating the trade discount

1) Audrey’s Antiques

Since Audrey’s Antiques have taken the services amounting more than $1,000, they are eligible for the trade discount of 12% i.e. ( 12% of $1,900) = $228, hence Income will be recorded at ($1,900 - $228) = $ 1,672

Advertising Fee Receivable Debit $ 1,672

Advertising Fee Income Credit $ 1,672

2) Michael’s Motors

Since Michael’s Motors have taken the services amounting less than $1,000, they are not eligible for the trade discount of 12%

Advertising Fee Receivable Debit $ 540

Advertising Fee Income Credit $ 540

3 0

4 years ago

Cup N Cone Inc., a graphic design firm, has offices in New York, Texas, California, New Mexico, and New Jersey. Each of these of

Zolol [24]

Answer:

Wide span of control

Explanation:

Span of control is determined by the number of employees or subordinates that a manager supervises. In a wide span control , the manager supervises many employees while in a narrow span , the manger supervises a few.

Looking at the number of employees that report to Marvin Grey , from the Presidents of the branches , to the central head of Finance and the marketing teams and other managers , we can point out that Marvin Grey has a wide span of control

4 0

4 years ago

Read 2 more answers

Assessments of how a diversified company's subsidiaries compare in competitive strength should be based on such factors as:

larisa86 [58]

Complete Question:

Assessments of how a diversified company's subsidiaries compare in competitive strength should be based on such factors as;

A. vulnerability to seasonal and cyclical downturns, vulnerability to driving forces, and vulnerability to fluctuating interest rates and exchange rates.

B. relative market share, the ability to match or beat rivals on key product attributes, brand image and reputation, costs relative to competitors, and the ability to benefit from strategic fits with sister businesses.

C. the appeal of its strategy, the relative number of competitive capabilities, the number of products in each business's product line, which businesses have the highest/lowest market shares, and which businesses earn the highest/lowest profits before taxes.

D. the ability to hurdle barriers to entry, value chain attractiveness, and business risk.

E. cost reduction potential, customer satisfaction potential, and comparisons of annual cash flows from operations.

Answer:

Explanation:

Assessments of how a diversified company's subsidiaries compare in competitive strength should be based on such factors as;

1. Relative market share: this measures the subsidiaries position in a market in relation to its competitors in the same industry. It is a measure of the percentage of the market they control.

2. The ability to match or beat rivals on key product attributes: this is really important in the assessment of competitive strengths because it represents the level of acceptance of their products by consumers in comparison with rivals.

3. Brand image and reputation: if the subsidiary is well accepted by the consumers, it simply suggests that they have a good brand image and reputation in the market. A good brand image and reputation is competitive strength.

4. Costs relative to competitors: the higher the price a company is selling its products relative to rival companies, the lesser its sales would be because consumers would naturally go for cheaper products or lower prices.

5. The ability to benefit from strategic fits with sister businesses: companies should be able to achieve their set goals and objectives from opportunities presented by their sister company.

<em>Hence, the competitive strength of a diversified company and its subsidiaries should be assessed based on the aforementioned factors</em>.

8 0

3 years ago