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4 years ago

What must profit-seeking entrepreneurs do in order to be successful?

1 answer:

8 0

To put it simply, they have to develop a product that make people want to pay to acquire it.

Sellable product usually either :
- able to make people happy ( such as movies, music, Delicious food, etc) or
- Able to make people's life become easier ( such as Gadgets, consultation service, etc)

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Juan wants to start a lemonade stand to earn money. he needs money to purchase the materials before he can sell the lemonade and

wolverine [178]

Juan needs to spend $3 from his pocket to start the lemonade stand to earn money.

To start the lemonade stand, Juan needs to purchase materials before selling his product and earning money. For this he needs money. His mother agreed to give him $10 as a loan to start a lemonade stand. To purchase the required item, he made a list of items to buy:

Cups $2
Lemon $8
Sugar $3

Add all the supply item prices to know how much money he required.

Price of cups + price of Lemon + Price of sugar

=$2 + $8 + $3 = $13.

He needs $13 to start the lemonade stand.

But his mother give him $10 as a loan, now the required money is

$13-$10=$3.

Juan needs to invest $3 from his pocket to start the lemonade stand and earn money.

You can learn more about earn money from lemondae at

brainly.com/question/1301117

#SPJ4

4 0

2 years ago

Today's organizations can be divided into three groups, which are __________ organizations. D. employee, distributor, and custom

avanturin [10]

Answer:

Today's organizations can be divided into three groups, which are-Profit, Nonprofit, and Governmental organizations.

Explanation:

For-profit businesses, non-profit organizations, and governments can all play unique and valuable roles in society. However there are certain challenges that are best addressed by cooperative ventures involving all three sectors.

5 0

4 years ago

Computing Cost of Sales and Ending Inventory Stocken Company has the following financial records for the current period. Units U

HACTEHA [7]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Computing Cost of Sales and Ending Inventory Stocken Company has the following financial records for the current period.

Units= 100

Unitary Cost Beginning Inventory $ 46

Purchases:

#1= 650units at $42

#2= 550units at $38

#3= 200units at $36

The ending inventory is 350 units.

A) First in, first out

First, we need to calculate the number of units sold:

Units sold= beginning inventory + purchases - ending inventory

Units sold= 100 + 1400 - 350= 1150

Ending inventory= 200 units at 36 + 150 at 38= 200*36+150*38=$12900

Cost of goods sold= 100*46 + 650* 42 + 400* 38=$47100

B) Average cost= total cost of units available for sale/ number of unit

Average cost= (100*46+650*42+550*38+200*36)/1500

Average cost= $40 unit

Ending inventory= 350*40= $14,000

COGS= 1150*40= $46,000

C) Last in, first out

Ending inventory= 100 units* 46 + 250 units*42= $15,100

COGS= 200* 36 + 550*38+ 400*42= $44,900

8 0

3 years ago

Explain why different communication methods are used in the business environment?

Verizon [17]

Answer:

Different communication methods are used in different circumstances because sometimes a certain method will be more effective in terms of cost, time and impact, and sometimes it will be more appropriate.

Explanation:

4 0

3 years ago

In a fuel economy study, each of 3 race cars is tested using 5 different brands of gasoline at 7 test sites located in different

romanna [79]

Answer:

210

Explanation:

The number of race cars = N₁ = 3
The number of gasoline brands = N₂ = 5
The number of test sites = N₃ = 7
The number of drivers that participated = N₄ = 2

This study must include each N₁, and it has to be done at each N₃, using each N₂, while carried out by each N₄ ⇒ that means that the total number of possibilities:

N₁ x N₃ x N₂ x N₄ = 3 x 7 x 5 x 2 = 210

The total number of test runs is 210.

4 0

3 years ago