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3 years ago

Why would a small business conduct less marketing research than a larger, established firm?

2 answers:

8 0

The reason is <span>Marketing research is expensive.
</span>The established firm usually has a large amount of capital at its disposal, so they could do market research in order to strengthen their position.
Small business on the other hand, usually struggle to even barely continuing their operation for the next month.

11Alexandr11 [23.1K]3 years ago

3 0

A small business has fewer resources than a large established firm. Therefore, with fewer resources, they cannot cover as many categories of research as a larger firm can. Smaller firms therefore tend to have a specialty or an area of focus.

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During August 2018, Bingham Company recorded the following: bullet Sales of $ 68 comma 900 ($ 55 comma 000 on account; $ 13

Paraphin [41]

Answer:

Explanation:

Direct Method

Aug

Dr Accounts Receivable 55,000

Dr Cash 13,900

Cr Sales 68,900

Dr Cash 45,100

Cr Accounts Receivable 45,100

Dr Bad Debt Expense 1,680

Cr Accounts Receivable 1,680

Dr Accounts Receivable 300

Cr Bad Debt Expense 300

Dr Cash 300

Cr Accounts Receivable 300

Allowance Method

Dr Accounts Receivable 55,000

Dr Cash 13,900

Cr Sales 68,900

Dr Cash 45,100

Cr Accounts Receivable 45,100

Dr Allowance for Doubtful debts 1,680

Cr Accounts Receivable 1,680

Dr Accounts Receivable 300

Cr Allowance for Doubtful debts 300

Dr Cash 300

Cr Accounts Receivable 300

8 0

3 years ago

The aggregate supply curve normally a. slopes downward and to the right due to higher resource prices. b. has a horizontal slope

8090 [49]

Answer:

The answer is: D) slopes upward to the right due to short-run fixed costs of production.

Explanation:

In the short run, companies have fixed factors of production: prices, wages, and capital. In the short run, aggregate supply curve shows the correlation between the price level and output (normal supply curve). Only in case of a production increase due to technological improvements or other factors (decreasing input prices, etc), may the aggregate supply curve shift outward.

7 0

3 years ago

When comparing mission statements of rival firms, perhaps the most important component to examine is what?

Veseljchak [2.6K]

Answer:

Self-concept.

Explanation:

Self concept is expressed in a companie's mission and it is the perception one has of his goals, characteristics, behaviours, and abilities.

It is a picture of what we think we are. In a business self-concept is important because it dictates the way we act and think on a daily basis.

When comparing mission statement of rival forms it is beneficial to try and get insights into their self-concept, so that strategies to compete with them can be formulated.

5 0

3 years ago

The units of an item available for sale during the year were as follows: Jan. 1 Inventory 2,500 units at $5 Feb. 17 Purchase 3,3

Alenkasestr [34]

Answer:

ending inventory using FIFO = $11,700

ending inventory using LIFO = $7,500

ending inventory using average method = $9,435

Explanation:

date item units price total

Jan. 1 beginning inv. 2,500 $5 $12,500

Feb. 17 purchase 3,300 $6 $19,800

July 21 purchase 3,000 $7 $21,000

Nov. 23 purchase 1,200 $8 $9,600

total 10,000 $62,900

Dec. 31 ending inv. 1,500

ending inventory using FIFO = (1,200 x $8) + (300 x $7) = $11,700

ending inventory using LIFO = 1,500 x $5 = $7,500

ending inventory using average cost = 1,500 x $6.29 = $9,435

5 0

3 years ago

In the event of death, this insurance covers the entrepreneur's business and helps family face the financial challenges.

allsm [11]

Answer:

Life

Explanation:

Life insurance is a contract where the insurance company undertakes to pay the amount stated in the policy document upon the insured's death. The insured, in turn, pays periodic insurance premiums to keep the contract in force.

Life insurance renders financial protection to the family and the insured upon their death. For an entrepreneur, the insurance company will compensate their family for the loss of income occasioned by their death.

8 0

2 years ago