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3 years ago

Outline the benefit of running a business

Business

2 answers:

steposvetlana [31]3 years ago

7 0

Answer:

Explanation:

"Owning and running your own business can be more satisfying and fulfilling than working for someone else. Many successful small business owners find they enjoy the respect they earn from their peers for having the courage to go out on their own. Power. Don't be surprised if power is one of your goals."

JulijaS [17]3 years ago

3 0

Answer:

Owning a small business gives you certain lifestyle advantages. Because you're in charge, you decide when and where you want to work. ... In spite of high financial risk, running your own business gives you a chance to make more money than if you were employed by someone else. You benefit from your own hard work.

Explanation:

hope this helps

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An oil refinery is located on the north bank of a straight river that is 3km wide. A pipeline is to be constructed from the refi

Mariulka [41]

Answer:

$6,598,076.21

Explanation:

<h2>THE KEY IS TO FIND OUT THE COST FUNCTION, the calculations are very easy!!!</h2><h2></h2><h3>In order to find the cost function, take a look at the drawing attached. </h3>

We can see the river (sort of) that is 3 km wide and the storage tanks on the other side of the river 8 km apart.

<h3 />

Laying pipes under (across) the river costs 1,000,000 the km & laying pipes over land costs 500,000 per km.

<h3 /><h3>So basically the cost function is 1,000,000 multiplied by something plus 500,000 multiplied by another something.</h3><h3 />

The distance across the river can be found by using Pythagoras Theorem. A side is 3 km the other is unknown, so we call it X. And it is equal to:

$\sqrt{3^{2} +x^{2}}=\\\sqrt{9 +x^{2}}$

And we multiply it by 1,000,000; the cost of laying pipe under the river, the we get:

$1000000\sqrt{9+x^{2}$

The distance over the land is (8-x), as we can see in the drawing. So we multiply it by its cost, 500,000. And we get 500,000(8-x).

So the cost function f(x) would be:

$f(x)=1000000\sqrt{9+x^{2}} + 500000(8-x)$

<h2>From here, we just have to differentiate and the derivative found must be equal to zero in order to minimize cost. </h2><h3>The value of x when the derivative is zero is plugged in the original function to get the cost.</h3><h3 /><h2>LET'S DO THIS</h2>

$f(x)=1000000\sqrt{9+x^{2}} + 500000(8-x)\\f(x)=1000000(9+x^{2})^{1/2}+4000000-500000x\\f'(x)=\frac{1}{2} 1000000(9+x^{2})^{-1/2}(2x)-500000\\\\f'(x)=\frac{1000000x}{\sqrt{9+x^2}} - 500000$

$f'(x)=\frac{1000000x}{\sqrt{9+x^2}} - 500000=0\\\frac{1000000x}{\sqrt{9+x^2}} = 500000\\\frac{2x}{\sqrt{9+x^2}} = 1\\2x={\sqrt{9+x^2}}\\4x^2=9+x^2\\3x^2=9\\x^2=3\\x=\sqrt{3} \\$

And we plug square root of 3 in the original cost function ad we get

$f(\sqrt{3} )=1000000\sqrt{9+x^{2}} + 500000(8-x)\\f(\sqrt{3})=1000000\sqrt{9+(\sqrt{3} )^{2}} + 500000(8-(\sqrt{3}))\\f(\sqrt{3})=1000000\sqrt{9+3} + 500000(8-(\sqrt{3}))\\f(\sqrt{3})=1000000\sqrt{12}+500000(6.27)\\f(\sqrt{3})=1000000(3.46)+500000(6.27)\\f(\sqrt{3})=3464101.62+3133974.60\\f(\sqrt{3})=6598076.21\\$

<h2>so the minimal cost is $6,598,076.21</h2><h2 /><h3 />

6 0

4 years ago

A corporation issued 6,200 shares of $10 par value common stock in exchange for some land with a market value of $94,000. The en

andreev551 [17]

Answer:

Debit Land $94,000; credit Common Stock $62,000; credit Paid-In Capital in Excess of Par Value, Common Stock $32,000

Explanation:

Preparation of what The entry to record this exchange is:

Debit Land $94,000

Credit Common Stock $62,000

(6,200*$10)

Credit Paid-In Capital in Excess of Par Value, Common Stock $32,000

($94,000-$62,000)

(To record exchange)

6 0

3 years ago

Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one can of soda, one bag of ch

Virty [35]

Answer:

Year 1, Year 2 purchasing power = 8 , 9 (respectively). As price level fall, value of money<u> Increases </u>

Explanation:

Year one purchasing power = Money ($) / Price per basket = 72 / 9 = 8

Year two purchasing power = Money ($) / Price per basket = 72 / 8 = 9

This implies that, as price level falls (from 9 to 8 here) ,the value of money ie purchasing power increases (from 8 to 9)

8 0

3 years ago

Encouraging users to click a like button is an example of which step in the social marketing process? fan acquisition brand stre

WINSTONCH [101]

The answer is amplification. This occurs when your product is shared, either over organic or compensated commitment, within social marketing networks thus accumulating your word-of-mouth publicity. Amplification carry out by assimilating your message endorsed (amplified) over and done with workers, clienteles, business partners, admirers and influencers.

5 0

3 years ago

2. Explain how advertising and sales practices fed consumer demand during the late 1800s. What were the specific tactics used

erik [133]

Answer with its Explanation:

In the 1800s, advertising was done in local newspapers and in a number of magazines. The cost of advertising in newspapers was very high in those days because the only source of communication with the public was newspaper and magazines.

The designing of copying and opting to art was very common in those days which was adopted to attract key customers and placement of the advertisements in a specific place which would result in higher sales was also common to attract customer attention.

The telephone was invented in 1876, but still telemarketing started in 1970s. So the primary source of advertising and sales promotions was either by newspaper and magazines or face to face selling.

8 0

3 years ago

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