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Norma-Jean [14]
3 years ago
11

One major role of firms is to manage risk. Consumers do not want to pay for products of unknown quality or where the delivery da

te is questionable. Managers also worry about unexpected changes in supplies or markets. Strategic management seeks to adapt to and benefit from change. For strategists, this ________ is both a challenge and an opportunity.
a. resource scarcity
b. uncertainly
c. stability
Business
1 answer:
OlgaM077 [116]3 years ago
5 0

Answer:

uncertainty                

Explanation:

Uncertainty basically means an occurrence is lacking in assurance or certainty. Uncertainty in accounting refers to the inability to predict outcomes or results, because there is a lack of knowledge or foundations from which to create some assumptions.

The concept is often commonly used by the financial reporting, particularly given that there are many things outside the influence of a business that can significantly affect its activities. Because financial choice taking during times of uncertainty is much harder, many business owners avoid making one to avoid creating issues.

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Suppose a farmer in Georgia begins to grow peaches. He uses​ $1,000,000 in savings to purchase​ land, he rents equipment for ​$1
mina [271]

Answer:

-$475,000

Explanation:

Total revenue = Baskets of peaches × Price

                       = 100,000 × $3

                       = $300,000

Explicit cost:

= Rent equipment + wages

= $100,000 + $100,000

= $200,000

Implicit cost:

= Land × Interest + salesman earned

=  $1,000,000 × 0.55 + $25,000

= $575,000

Total cost = Explicit cost: + Implicit cost

                = $200,000 + $575,000

                = $775,000

Economic profit = Total revenue - Total cost

                           = $300,000 - $775,000

                           = -$475,000

8 0
3 years ago
A __________ is a written document that details the business idea, the target market and the business's competitive advantage, f
Alina [70]

Answer:

business plan

Explanation:

A<u> business plan</u> is a written document that details the business idea, the target market and the business's competitive advantage, financial resources available for the business, and the qualification of the management.

7 0
3 years ago
What is the main problem that sellers suffering from marketing myopia​ face?
Tanya [424]
The answer is "<span>They focus more on products than the​ customer's underlying need.".
</span>
Marketing Myopia is marketing term as it shows by its name, referred to short-sighted and inward looking way to deal with promoting that spotlights on the requirements of the organization as opposed to characterizing the organization and its items as far as the clients' needs. It brings about the inability to check and accommodates to the quick changes in their business sectors or markets.
8 0
2 years ago
Read 2 more answers
Aryn is a music fan, and she enjoys learning about how speakers and sound systems are wired. She is reading books
Lana71 [14]

Answer:

an apprenticeship done on the job

Explanation:

An apprenticeship is a method for tutoring new practitioners of a profession.  It entails on-the-job training coupled with some study (classroom work and reading). Apprenticeship is provided by a skilled, experienced, and licensed professional. The apprentice gets to learn practical aspects of a profession while earning.

Aryn would be best with an apprenticeship as she will not spend a lot of time in class. She will, however, acquire the skills she needs. Some apprenticeship may lead to certification.

4 0
3 years ago
2 annual dividend on its common stock. The dividend is expected to increase at 6% per year indefinitely. If the required rate of
mixer [17]

Solution:

Given,

R= 16%

g= 8%

Calculate stock value ,

D_{1}=D_{0} x (1+g) ;

D1= 2.16

P0= ( 2.16/0.16 )-0.08

P0= $27

A value stock is a lower price protection exchange that can otherwise be implied by the performance of the company.

5 0
2 years ago
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