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4 years ago

To find out as much as you can about the market for your potential business, be sure to talk to

Business

2 answers:

kifflom [539]4 years ago

5 0

Answer:

The correct answer is letter "C": potential customers.

Explanation:

At the moment of starting a new business, it is imperative to carry out polls so we can identify what exactly the needs of our potential consumers are and if the good or service we intend to offer matches those needs. That poll will give us a clear idea or what our market will be and, if necessary, can be carried out more than once to check if possible adjustments made to our initial planned good or service would be translated in higher profits.

damaskus [11]4 years ago

5 0

To find out as much as you can about the market for your potential business, be sure to talk to potential customers.

Answer:potential customers - C.

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A single public utilities company is responsible for supplying electricity for an entire state. As a result, the utilities compa

marissa [1.9K]

Answer: True

Explanation: Because the company is the sole supplier of electricity in this market, they have all the market power. Market power is the ability the company has to manipulate the market by influencing prices, the level of supply it provides and thus the demand within that market. Companies within markets such as these are known as "price makers", because they are able to change prices of their goods without losing market share.

Because the public utilities company is the sole provider of electricity within this market, they have no pressure or competition from other suppliers within the market. Therefore they have the market power to freely charge higher prices by limiting the supply of electricity. Or charge lower prices by over supplying electricity to consumers.

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4 years ago

Suppose your expenses for this term are as follows: tuition: $28,000, room and board: $9,000, books and other educational su

astraxan [27]

Answer: Option C is correct

Explanation:

Opportunity cost or loss is the contribution lost due to the leaving one opportunity to exploit the other one. So in this case, the opportunity that I am going to exploit is going to college this term. So according to relevant costing the relevant cost is:

(a) Cash flow in nature.

(b) Future contract binding (future related)

To find whether the cost is incremental cost or not we can find through the following method.

Step 1: Find the cash flow that is arising due to the decision?

Step 2: Find the cash flow arising if we don't take the decision?

Step 3: The difference of step 1 and 2 is differential or incremental cost.

All the inflows and outflows are cash flow in nature and future related. The only thing we have to find is that whether or not the cost is incremental or not.

For this Term:

Step 1 Step 2 Step 3

Take Decision If we Don't Incremental

Salary loss (42-16) (26,000) - (26,000)

Tuition cost (28,000) - (28,000)

Room and Board (9,000) - (9,000)

Books and Edc. Supplies (2,500) - (2,500)

TOTAL COSTS (65,500)

Kindly also review the following question for you better understanding

brainly.com/question/14423321

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4 years ago

What skills do you need be a marketing manager? as a marketing manager, you need to have skills and skills.

BabaBlast [244]

Answer:

You'll need:

the ability to sell products and services

excellent verbal communication skills

the ability to use your initiative

to be thorough and pay attention to detail

leadership skills

maths knowledge

business management skills

customer service skills

to be able to use a computer and the main software packages confidently

3 0

2 years ago

To decrease buyer power, the firm can a.â€‹Differentiate its product b.â€‹Decrease dependency on a single buyer c.â€‹Sell its pr

Gnom [1K]

Answer:

I need these pt thx plz plzpl

7 0

3 years ago

Adjustment for Unearned RevenueOn June 1, 20Y2, Herbal Co. received $42,890 for the rent of land for 12 months.Journalize the ad

serious [3.7K]

Answer:

Dr unearned rent $25,019

Cr rental income $25,019

Explanation:

The cash received on June 1 20Y2 for 12 months rent would have been debited cash while the unearned rent account would have been debited with the same amount.

As of December 31, 20Y2, the rent of 7-month(June-December) have now been earned and adjusted as follows:

earned rent for 7 months=$42,890*7/12=$25,019

The earned rental income would be debited to unearned rent and credit to rental income

6 0

3 years ago