Answer:
The correct answers are: (a) Corporation; (b) Corporation; (c) Sole Proprietorship; (d) Sole Proprietorship and Partnership; (e) Corporation.
Explanation:
A series of associated characteristics are identified, according to the Missouri Small Business and Technology Development Centers. Depending on the structure of the organization, it is divided into Sole Proprietorship, Partnerships, Corporations. For example, a corporation is a company, a group of people or an organization authorized to operate as a single entity (legal entity).
Registered corporations have legal personality and the owners are the shareholders, whose legal responsibility is limited to their investment. Generally the shareholders do not manage the corporation, it is common that they choose a board of directors to control the operations.
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Answer:
Design a FB page and other social media (YT, LinkedIn, etc.) for Decorators Inc. and establish some type of sales promotion for people who like them, e.g. offer discounts.
Explanation:
Young professional use social media a lot and they usually have budget constraints, therefore offering a discount can be very useful.
<u>Children's construction sets</u><u> is the primary product focus for the </u><u>lego </u><u>company.</u>
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What is the strategy of LEGO?
- The LEGO Group's mission is to inspire and develop the builders of tomorrow through the power of play.
- The LEGO System in Play, with its foundation in LEGO bricks, allows children and fans to build and rebuild anything they can imagine.
Does LEGO use differentiation strategy?
- The LEGO group is using the differentiation strategy as the company states, "we want to be the best, not the biggest."
- In addition to that, the company is focusing on new product development along with innovation as well.
Why is LEGO so successful?
- Instead of offering kids ready-made toys, LEGO gives them the opportunity to build their toys — a much more challenging activity which kept kids engaged for hours.
- The LEGO System of Play becomes very successful and the company starts selling it to other countries.
Learn more about LEGO
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Answer:
The answer is a.
Explanation:
I can safely say that in order to have an exact value of an average of $ 700, it is because an initial survey had to be made of people in 50 condominiums that allowed finding several sample means and finally finding the total sample mean, this data allows determining an exact average of reliable values supplied by respondents in the sample.
Answer:
Given that,
Jobs still in process = $20,000
Jobs completed but not sold = $60,000
Jobs finished and sold = $120,000
Marshall Enterprise's Factory Overhead account has a credit balance of $5,000
Therefore, the journal entry is as follows:
Factory overhead A/c Dr. $5,000
To Cost of goods sold A/c $5,000
(To record the cost of goods sold)