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4 years ago

Which of the following correctly describes an example of a secondary competitor?

Business

2 answers:

alexandr1967 [171]4 years ago

8 0

Entire quiz answers:

1. A

2. A

3. A

4. A

5. C

6. B

7. B

8. D

9. A

10. A

11. C

12. A

13. B

14. D

15. A

I just now completed the quiz for Unit 4, and those are the answers that are supposed to be correct. I hope this really helps!

Inga [223]4 years ago

6 0

Entrepreneurship Unit 4 quiz:

1) ….life cycle of a product? It helps set expectations about

2) ….three to five years? True

3) ….not necessarily new or unique? The product has a change in production, such as being eco-friendly

4) ….run at a loss in the beginning. True

5) Efficiently managing the purchasing cycle…. Unused inventory takes away from a business’s profits

6) ….definition of marketing? All methods of reaching and attracting potential customers

7) If a business has only one owner… False

8) Why are luxury brands…? Their brands are built more on being unique than being a good deal

9) ….well-established customer base…. False

10) The executive summary is a particularly important… reasons except: It details where the funding for the business will come from

11) ….an example of a secondary competitor? A coffee shop that sells pastries would be a secondary competitor for a bakery that sells pastries, among other products

12) ….offers the best return on investment….? A coupon that cost $200 to print that increases sales during the period it is valid by $500 and a 10 percent increase in returning customers

13) A business plan is helpful…? It helps a business set future goals

14) Why is price not always the most…? All of the above

15) Understanding the target market will…. True

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At the end of a recent year, Anderson Cleaning Service, a full-service house and office cleaning service, had total assets o

marysya [2.9K]

Answer:

Anderson Cleaning Service's liabilities were $2,160

Explanation:

Basing on accounting equation:

Total asset = Liabilities + Owner's (or Stockholders') Equity

Liabilities = Total asset - Owner's (or Stockholders') Equity

At the end of a recent year, Anderson Cleaning Service had total assets of $5,810 and equity of $3,650

Anderson Cleaning Service's liabilities = Total asset - Equity = $5,810 - $3,650 = $2,160

7 0

3 years ago

Compared to a command and control government approach to reducing pollution, a market-based system of tradable pollution allow

Alex17521 [72]

a. more efficient because polluters that can only reduce pollution at high cost do not and instead buy allowances.

6 0

3 years ago

A public good is A. any good provided by government. B. a good that can be most cheaply provided by government, though it may in

aleksklad [387]

Answer:

C. a good whose benefits cannot readily be restricted to a small group of people.

Explanation:

Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.

The four factors of production are;

I. Land: this refers to the natural resources and raw materials extracted from the ground or grown in the soil e.g oil, gold, rubber, cocoa, etc.

II. Labor (working): this is the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.

III. Capital resources: it includes the physical assets used for production of goods and services such as equipment, money, plant, etc.

IV. Entrepreneurship: it is intellectual capacity required to drive a business and the skills to develop an idea into a money making venture (business).

These four (4) factors of production when combined effectively and efficiently are used for the manufacturing or production of goods and services that meets the unending requirements or needs of the consumers.

A public good is a good whose benefits cannot readily be restricted to a small group of people.

This ultimately implies that, a public good such as power utility (electricity) or water supply is capable of being provided simultaneously to the general public.

Furthermore, a public good is non-excludable and cannot be exhausted due to its use by the general public i.e it's never depleted.

8 0

3 years ago

The original capital that you deposit or invest is called the

bonufazy [111]

I think that it's either C or D but i'm going to go with D but if that's not the correct awnser is C

5 0

3 years ago

Read 2 more answers

Natalie, age 17, rented a power washer and while using the machine, she negligently damaged it beyond repair. Under the majority

anzhelika [568]

Answer:

False

Explanation:

Natalie can return the washing machine without being liable for any replacement costs. Natalie is a minor, and minors cannot legally sign a contract except for purchasing necessities, e.g. food, clothes.

Since the washing machine probably had a significant cost, there should have been a written contract between the parties. The rental company should have requested Natalie some type of legal identification before renting the washing machine and signing the contract. Their only possible defense is that Natalie used a forged ID when she rented the machine, and that they were ticked by it.

But if the rental company cannot prove that Natalie tricked them using some fake ID, then Natalie has the right to void the contract and return the item. It doesn't matter if the washing machine suffered damages or not, Natalie is not liable for any reparation or replacement costs.

8 0

3 years ago