1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lina20 [59]
3 years ago
5

Greg benefited from his experience working for an established private company that provided innovative lighting for large music

venues. Although confident that he could start his own lighting business, he had limited capital to buy the necessary equipment needed to successfully compete with established companies. Which of the following strategies would best help Greg achieve his goal of business ownership?
A. Begin by offering to take over management of his employer's business, allowing the owner to enjoy some leisure timeB. Consider working for a major corporation, live modestly, and save until he has sufficient funds to start his businessC. Enroll in the closest university and apply for student loansD. Open his business and trust that his work experience will bring him success even with insufficient capital
Business
1 answer:
Murljashka [212]3 years ago
7 0

Answer:

A.

Explanation:

Based on the information provided within the question the best strategy for Greg would be to begin by offering to take over management of his employer's business, allowing the owner to enjoy some leisure time. This would allow Greg to run an already established business and make a name for himself within that market. He can later save up enough money and purchase that company from his employer in the future, or open up his own store that can compete in that market with the connections that he has made.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

You might be interested in
Owens Corning has total assets of $800,000, long-term debt of $240,000, stockholders' equity of $350,000, and current liabilitie
Artyom0805 [142]

Answer:

$50,800

Explanation:

Increase in assets = Current Assets * Percentage change in sales = $800,000 * 20% = $160,000

Increase in current liabilities = Current liabilities * Percentage change in sales = $210,000 * 20% = $42,000

Increase in retaned earning = Increased sales*Profit Margin*Retention ratio = $1,000,000*120%*8%*(1-0.30) = $67,200

External financing need = Increase in Assets - Increase in liabilities - Increase in retained earning

External financing need = $160,000 - $42,000 - $67,200

External financing need = $50,800

5 0
2 years ago
Because your patented Gidgit is starting to gain attention and investors are starting to show interest, the executive committee
RideAnS [48]

Answer:

False.

Explanation:

Patent can be defined as the exclusive or sole right granted to an inventor by a sovereign authority such as a government, which enables him or her to manufacture, use, or sell an invention for a specific period of time.

Generally, patents are used on innovation for products that are manufactured through the application of various technologies.

Basically, the three (3) main ways to protect an intellectual property is to employ the use of trademarks, copyright and patents.

In this scenario, Because your patented Gidgit is starting to gain attention and investors are starting to show interest, the executive committee is considering becoming a publicly held company.

Since Gidgit is patented it cannot be sold to the government because it is a registered intellectual property that cannot be used or sold without the approval or consent of the owner.

4 0
3 years ago
Jamie is analyzing the estimated net present value of a project under various conditions by revising the sales quantity, sales p
KonstantinChe [14]

Answer:

C. Scenario Analysis.

Explanation:

As Jamie is analyzing the estimated net present value of a project under various conditions by revising the sales quantity, sales price, and the cost estimates. The type of analysis that Jamie is doing is best described as scenario analysis. Scenario analysis is basically conducted to know to estimate the unfavorable events development in the market and within the firm as well. It is applied to know about the worst possible situation which can happen and how it can effect the market as well as organization.

8 0
3 years ago
The process of collecting, analyzing, and interpreting information about customers, competitors, and other related marketing iss
Ulleksa [173]
I believe <span>marketing research</span>
4 0
3 years ago
lindsay took out a(n) to purchase her new home she use in the form of the property to back the leon lindsay also paid money in a
Afina-wow [57]

Answer: Lindsay took out a Loan to purchase her new home. Lindsay also paid money in advance this is known as a down payment. If Lindsay dose not make her loan payment on time the bank will most likely ​foreclose.

6 0
2 years ago
Read 2 more answers
Other questions:
  • The operational design of an illicit drug business can be divided into four stages of production and distribution: cultivation,
    8·1 answer
  • Which of the following is most likely to characterize a fascist regime? Select one: a. a strong respect for human rights b. tole
    11·1 answer
  • In October, Glazier Inc. reports 42,000 actual direct labor hours, and it incurs $194,000 of manufacturing overhead costs. Stand
    5·1 answer
  • During your research, you also come across a Web site that lists many health benefits of vegetarian eating and provides a list o
    10·2 answers
  • Positive Messages and the Writing Process
    12·1 answer
  • Thorkfeld Company incurred depreciation expenses of $28,900 last year. The sales were $755,000 and the addition to retained earn
    11·1 answer
  • The aggregate demand curve of a small country called tynika is drawn as ad1.the combination of current real gdp and aggregate pr
    6·1 answer
  • Refer to the following financial statements for Crosby Corporation:
    10·1 answer
  • What basically compares what an individual owes compared with how much they earn monthly?
    11·1 answer
  • A firm in a perfectly competitive market: a.must reduce its price if it wants to sell a larger quantity. b.must be large relativ
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!