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3 years ago

Why is discipline especially important for entrepreneurs?

Business

1 answer:

Olegator [25]3 years ago

8 0

Discipline is important for entrepreneurs because (C)entrepreneurship requires more work than any other profession

Explanation:

Entrepreneurs are the individual who come up with their own ideas ,they know what they want to do, but their knowledge lacks in term of

How to market their product
What price should the product be made available
What are the consumer segment they want to target
What will be the USP of their product
What platform they will make use of to sell their product

In order to answer all these question a entrepreneur requires to work harder than the other professionals.

The other professional already have a business set-up ,target audience,they have a well developed market in which they want to cater ,so they don't have to put in much effort .

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They are in the "collecting information" stage of planning.

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3 years ago

Major Corp. is considering the purchase of a new machine for $5,000 that will have an estimated useful life of five years and no

Mila [183]

Answer:

payback 2.5 years

Explanation:

the payback will be the point in time at which the project cash flow equal the invesmtent.

This method do not consider the time value of money so we don't have to adjust any period cashflow or outflow.

investment: 5,000

increase in cash-flow 2,000

Investment/cash flow = 5,000 / 2,000 = 2.5 years

The depreciation are not considered as this are not cash flow.

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3 years ago

_____________ - a term referring to the fact that for many goods, as the level of production increases, the average cost of prod

amm1812

Answer:

Economies of scale

Explanation:

As the production increases, the cost per unit of a single product type decreases.

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3 years ago

What is photo synthesis?

Vlad1618 [11]

Answer:

photo synthesis is the process in which green plants use water and carbon dioxide to create their food.

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2 years ago

Agile project management involves ____ whereas traditional project management involves _______. Multiple Choice known and stable

Ainat [17]

Answer:

For comprehension purposes, I would write the question again with options attached below:

Agile project management involves ____ whereas traditional project management involves _______. Multiple Choice

a. known and stable scope, unknown requirements

b. high certainty, projects with unstable scope

c. projects with high predictability, project with unknown or unstable requirements

d. iterative and incremental delivery, upfront planning with high predictability

e. high uncertainty, projects with unknown requirements

The correct answer is option d. (iterative and incremental delivery, upfront planning with high predictability)

So, Agile project management involves iterative and incremental delivery whereas traditional project management involves upfront planning with high predictability.

Explanation:

Agile project management involves iterative and incremental delivery as Agile project management allows making changes to the product which then opens ways for iteration. Agile life cycles are composed of several iterations because of changes that might arise due to feedback during the production process of the project.

Traditional project management is highly predictable and it doesn't give room for changes as project cycles and stages are planned ahead. It's a rigid process.

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3 years ago