Answer:
The correct answer is letter "B": develop a business plan.
Explanation:
Entrepreneurs who lack funds to start their ventures should develop a business plan so it can be presented to prospective investors who will decide if the venture is of their interest or not. The business plan should include the mission and vision of the business as well as a <em>SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis</em> explaining how the business will mitigate its risks and maximize its benefits.
The business plan should be innovative in Peppy's case since pizzerias are very common, thus, Pepe's Pizzazzeria must have a clear competitive advantage to face competitors.
Answer:
The answer is: True
Explanation:
The profit margin of a business can be calculated using the following formula:
- gross profit margin = (gross profit / net sales ) x 100
- net profit margin = (net income / net sales) x 100
The difference between them is that the gross profit margin only considers the difference between net sales and COGS, while the net profit margin includes other expenses.
Answer:
Automatic information processing
Explanation:
Automatic information processing is a cognitive process characterized by its efficiency, low effort, velocity, parallelism and the lack of need to control it or to pay attention to it. <em>This process is the result of the repetition of a task.</em>
I hope you find this information useful and interesting! Good luck!
Answer:
total costs
Explanation:
The cost equation Y = a + bx represents the mixed cost which includes both fixed and variable components
The explanation of the cost equation is shown below:
Y = a + bx
where
Y = Total cost
a = Fixed cost
b = variable rate per unit for an activity
X = number of units in an activity
So, this cost equation is referred to the mixed cost which considers both types of cost i.e fixed cost and the variable cost