Answer:
Private individuals.
Explanation:
In a free enterprise system, the decisions about what and how many goods and services will be produced are made by private individuals.
Free enterprise system is an economic system in which the ownership and control of means of production (resources) and distribution of goods and services are determined by private individuals. Here, private individuals decide what, how and for whom to produce while the government does not interfere in economic activities. The allocation of resources and price determination are influenced by the forces of demand and supply called price mechanism, which Adam Smith referred to as 'Invisible Hand'.
Free enterprise system is also known as Capitalist economy, Capitalism and Free market system. Countries that practice more of free enterprise system are Singapore, New Zealand, Hong Kong, Australia and Switzerland.
Answer:
TRUE - Analytics
Explanation:
Analytics is the systematic process of finding, interpreting and communicating meaningful patterns found in data. Ot involves the examination of data using mathematical methods.
The online retailer used analytics in order to understand the consumers behaviors and then to be able to make decisions from result gotten rather than the use of "gut" feeling or intuition which isn't backed by data or facts.
The use of analytics in business making decisions generally improves profits margins, efficiency and risk management.
Answer:
stakeholders for the project, documented goal and objective of the assignment, discuss SMART(specific, measurable, agreed, reaganlistic, timeframe) for the assignment, resources for the assignment, GANTT chart of the assignment, risk assessment for the project.
Explanation:
Before starting any major assignment, one must set its goals and objectives very clearly. A list of milestone and progress measuring report must be prepared so that tracking is easy. Also, all the associated risks must be analyze and catered for
Answer:
C. Leroy and the manufacturer have joint title
Answer:The answer is $95,000 Loss
Explanation:
Income statement
$
Sales. 450,000
Less:variable cost.
Manufacturing expenses 128,000
Sales commission. 54,000
Shipping. 15,000
---------------- 197,000
-----------------
Contribution. 253,000
Less Fixed Overhead
Advertising. 23,000
Depreciation. 112,000
General factory overhead 49,000
Salary of production line manager 118,000
Insurance on inventories. 6,000
Purchasing department. 40,000
-----------------
348,000
-----------------
Profit/Loss. ( 95,000) Loss
--------------------------
Based on the income statement that showed a loss of $95,000 or decrease in operating income, Yes I would recommend that bilge pump product be discontinued.
