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3 years ago

Which of the following is the most important trait of a successful business owner?

Business

2 answers:

inn [45]3 years ago

6 0

Perseverance is the most important trait of a successful business owner

Dmitry_Shevchenko [17]3 years ago

4 0

Answer:

The correct answer would be D, Adaptability.

Explanation:

A successful businessman is a person who faces difficult situations and adapt himself according to the new situations and finds out a way to deal with it. He may encounter a situation which is not so convenient to him, but he adapts himself to cope up with such situation. So a successful businessman has an important trait or quality of Adaptability. He adapts himself according to the fast changing environment and takes efficient decisions accordingly. Perseverance, Friendliness and intelligence are also part of a successful businessman's traits, but Adaptability makes him handles the most uncomfortable and fast changing situations.

You might be interested in

what importance does the stationery and information sources play in the effective and efficient Operation of an organization?

gavmur [86]

Based on the organizational activities model, the importance of stationery and information sources in the effective and efficient operation of an organization includes "<u>the source of quality and quantity data on the production input</u>."

Some other importance of stationery and information sources in the effective and efficient operation of an organization includes the following:

It serves as the place to gather data about the strengths and weaknesses of the firms.
It is also the source to gather the information opportunities and threats of the organizations.
It is also a source of keeping records of finance, employees, success, and failures of the firms.

Hence, in this case, it is concluded that the stationery and information sources in an organization are vital to its success.

Learn more here: brainly.com/question/25264343

6 0

2 years ago

Kosakowski Corporation processes sugar beets in batches. A batch of sugar beets costs $73 to buy from farmers and $17 to crush i

Neko [114]

Answer:

$11

Explanation:

Calculation for how much more profit (loss) that the company make.

Combined final sales value $148

($50+ $98)

Less: costs of producing the end products

Cost of sugar beets ($73)

Cost of crushing ($17)

Combined costs of further processing ($47)

($20+ $27)

Total costs of producing the end products ($137)

Profit (loss) $ 11

($148-$137)

Therefore how much more profit (loss) that the company make by processing one batch of sugar beets into the end products industrial fiber and refined sugar will be $11

6 0

3 years ago

Long-term contracts for both warehousing and transportation requirements will be more effective if the demand and price of wareh

vampirchik [111]

Answer:

true

Explanation:

long term means it will be used for a long time thus if the price is not constant and keeps rising it wont be effective

6 0

3 years ago

The reason a professional such as a lawyer or doctor would incorporate his/her business is?

taurus [48]

The reason a professional such as a lawyer or doctor would incorporate his/her business is: to protect his/her other assets with limited liability.

<h3>What is limited liability?</h3>

A limited liability company or partnership is a sort of legal structure for an organization where a corporate loss is restricted to the money invested in those entities (LLC). In other words, if the company fails, the private assets of the owners and investors are not at risk. It is known as Gesellschaft mit beschränkter Haftung in Germany (GmbH).

One of the main benefits of investing in publicly traded corporations is the limitation of liability. Even if a firm later goes bankrupt and still has financial commitments, a shareholder's culpability is limited to the amount of their investment in the company. This is true even if they are fully involved in the company's growth.

Organizations with limited liability can mitigate the impact of economic losses on their assets.

To learn more about limited liability from the given link:

brainly.com/question/16697563

#SPJ4

3 0

2 years ago

According to the resource-based view of the firm, competitive advantages are _________________ for competitors to copy, if they

saul85 [17]

Answer:

The answer options to this question are as follows:

A. The resources of the company that are mobile

B. The capital raised by the company from its shareholders

C. The expertise acquired by the employees in the company

D. The headquarters owned by the company

The correct answer is C. The expertise acquired by the employees in the company

Explanation:

The resource-based vision of the company is useful in developing strategic for companies with a single business, but also for diversified companies as it reveals how core competencies embedded in a company can help them exploit new product opportunities and markets .

A competitive advantage is any characteristic of a company, country or person that differentiates it from others, placing it in a superior relative position to compete. That is, any attribute that makes it more competitive than the others.

The attributes that contribute to having a comparative advantage are innumerable. But we can cite as an example the advantageous access to natural resources (such as high-grade minerals or low-cost energy sources), highly skilled labor, geographic location or high barriers to entry, which can be enhanced if we have a product that is difficult to imitate or we have a great brand.

It has been considered that the main source of competitive advantage is derived from the experience effect which has its origin in the learning effect.

The experience effect causes the experience accumulated by the company to decrease in unit terms the real cost of the total added value of the company. The experience effect constitutes a strong barrier to entry for new competitors. The existence of this entry barrier represents a solid competitive advantage for the company that accumulates more experience effect.

6 0

3 years ago