Why are most businesses considered small?

Business

1 answer:

mr Goodwill [35]3 years ago

4 0

Answer:

Employees of small businesses also must adapt to the higher failure rate of small firms, which means that they are more likely to lose their job due to the firm going under. ... Outside government, companies with less than $7 million in sales and fewer than five hundred employees are widely considered small businesses.

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Jennifer Orgolini, the chief financial officer at New Belgium Brewery, explains that the benefits and rewards associated with th

Natali [406]

Answer: emotional intelligence

Explanation: The capacity of an individual to control, express and be aware of the emotions of others and himself is called the emotional intelligence.

In the given case, Jennifer Orgolini is encouraging to the employees to participate in the philanthropy program. Such programs are focused on social welfare and will make the participants more emotionally aware. Thus such motivating depicts the company wants employees that have high emotional quotient.

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3 years ago

Which of the following inventory costing methods shown below is required by GAAP (Generally Accepted Accounting Principles) for

adoni [48]

Answer: the correct answer is absorption costing.

Explanation: Absorption costing is a costing method that takes into account all costs related to manufacturing a particular product.

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2 years ago

The large foreign supply of funds to the U.S. market is partially attributed to the a. low foreign saving rates. b. high foreign

Grace [21]

Answer:

a. low foreign saving rates.

Explanation:

As foreing countries saving rates are lower than US after conidering inflation and risk premium; people from abroad prefers to invest in the US than in their native country as feel it more safe and more prosperus also, they can yield better return in US dollars as their countries are exposed to decreases in the exchange-rates

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2 years ago

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A medium-size skincare company based in Minnesota plans to expand operations into four countries in Europe. The company decides

yanalaym [24]

Answer:

The correct answer is letter "B": customs broker.

Explanation:

A customs broker is a specialist in customs legislations of different countries that help to assess companies in the process of exporting goods. According to every country, customs brokers have licenses to operate which allows them to act as intermediaries representing companies that hire them to secure and expedite the products leave the country of origin in proper conditions.

The U.S. Customs and Border Protection (CBP) is the agency in charge of regulating customs brokers.

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2 years ago

A downhill ski area is experiencing a decline in the number of lift tickets sold, falling revenues, and inadequate profits. The

sukhopar [10]

Answer:

D. a 10 percent decrease in the average price of a lift ticket.

Explanation:

When Price elasticity is greater than 1, that suggests that the demand for that particular good or service is highly responsive to price or is price-sensitive . Furthermore, If price elasticity is greater than 1 then an increase in price will cause revenue to decrease.

Applying the above-stated principle to the given scenario, it has been stated that 'The estimated price elasticity of demand is 1.5.' implying that the demand for downhill ski is highly sensitive and responsive to changes in price.

Therefore, the only logical economic strategy to improve revenues will be to decrease price so that revenue can increase.

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3 years ago