Answer: Market research,
When a entrepeneur is looking for how to excel with respect to its competitors as seeing the continuous changes is called market research to improve the business strategy, so it is very important to define the objectives that you want to draw in the company such as increase in revenue, increase in participation or improvement in competitive advantages.
Answer:
The answer is $47,000
Explanation:
Accounting profit profit doesn't consider opportunity cost. So the value for opportunity cost will be left out. It is Economic profit that considers opportunity cost.
Accounting profit = revenue - cost(explicit cost which is all cost involved in directly running the business e.g cost of sales, electricity cost, wage etc.)
Revenue = $64,000
Explicit cost = $17,000
Therefore, Accounting profit is
$64,000 - $17,000
=$47,000
If Philip B decided to formulate a lower-price, lower-quality hair care line, it should sell this new product line at Target and other big-box retailers. This is further explained below.
<h3>What is
retail?</h3>
Generally, retail is simply defined as a trade often known as "consumer sales," which refers to the practice of selling products directly to end-users rather than wholesalers or retailers.
In conclusion, If Philip B were to create a new, lower-priced, lower-quality line of hair care products, it would be well-served to market these goods at Target and other discount department stores.
Read more about retail
brainly.com/question/15877511
#SPJ1
2% of $65000 = $1300 x 15 = $19,500 per year (which sucks).
Hope that helps.
Answer:
B. Public recognition
Explanation:
Legitimacy, in its primary sense, means acceptance.
People-based legitimacy revolves consensual acceptance of a particular individual by some group of people. This people-based legitimacy can be relayed to an individual through public recognition. Before anyone can enjoy people-based legitimacy, they must have done something worthwhile.
In the case of the owner of Elixir Force Inc receiving an award for most outstanding new entrepreneur of the year, it is clear that he is enjoying public recognition in context of people-based legitimacy.
