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gregori [183]
3 years ago
9

What microeconomic factors point to the fact that your business should be successful? Be sure to provide evidence for your claim

.
Business
2 answers:
ohaa [14]3 years ago
9 0
It is clear that consumers in the area are able and willing to purchase custom outdoor shoe equipment. Data from surveys and market research demonstrate that the standard of living is high enough for my product. These data also demonstrate that new coffee shops are not in demand in my community. A new coffee shop may be successful, but it would be a bigger risk considering the capital need and the amount of competition already present.
SashulF [63]3 years ago
5 0

The microeconomic factors that are important to consider in business is competition, the supply and demand, elasticity of the goods and similar variables. Depending on the business, each has factor has a unique impact which  can either help or ruin the business.Thank you for your question. Please don't hesitate to ask in Brainly your queries.
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What term refers to the knowledge, education, training, skills, and expertise of a firm's workers?
makkiz [27]
<span>Human capital is the term that refers to the knowledge, education, training, skills, and expertise of a firm's workers.
</span>Gary Becker, an economist from the University of Chicago has popularized this term. <span> The human capital includes assets of individuals that can be used to create economic value for the individuals, their employers, or their community: </span>
7 0
2 years ago
Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects cre
Orlov [11]

Answer:

$28,800

Explanation:

Follow the given collection policy :

Cash Collection = 60 % in month of the sale + 40 %  in the following month

<em>therefore,</em>

During the first month :

Cash Collection = 60 % in month of the sale only

                            = $48,000 x 60 %

                            = $28,800

The expected cash collections from credit sales during the first month is $28,800

3 0
3 years ago
Roger is new-product project manager for a medical equipment company. Recently the team has exhibited a high degree of conflict
Flauer [41]

Answer: Storming stage

               

Explanation: In simple words, it refers to the stage in which conflict between members of a group starts happening due to arise of individual personalities. This is last and most crucial stage of team development process.

In this stage the performance of team starts declining due to lack of harmony and trust among the members of the team.  In the given case, Roger's team has been facing conflict over the controlling issues ,hence, we can conclude that they are at storming stage of development.

5 0
3 years ago
What information do consumer reporting agencies provide banks and lending businesses for a person's credit history when a person
Musya8 [376]
Employment, produce preference, current and past loans, bankruptcy histroy and debt
3 0
2 years ago
LO 2.2Explain the differences among fixed costs, variable costs, and mixed costs.
hjlf

Answer:

Explanation:

There are primarily two types of costs, i.e. variable costs and fixed costs. The variable cost is the cost that varies when the level of production changes, whereas the fixed cost is the cost that remains constant, whether the level of production changes or not.

Therefore, indirect material indirect labor, and factory supplies are included in the variable costs, and the fixed costs include supervision taxes and depreciation expenses.

The mixed cost is a mix combination of both the variable cost and the fixed cost which includes some components of fixed cost and some components of variable cost. It is also known as semi-variable cost

Example - transportation cost, tel communication cost, etc

7 0
3 years ago
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