Ask question

Ask question

All categories

3 years ago

5

A major difference between a business plan and a marketing plan is that a business plan will include ________ while a marketing

plan will not?

1 answer:

Sonja [21]3 years ago

3 0

Strategies for each functional area

You might be interested in

According to the text, for an entrepreneurial start-up to be successful, three ingredients are critical. What are they? Group of

Ronch [10]

Answer:

A viable opportunity, available resources and a qualified and motivated founding team.

Explanation:

An entrepreneur can be described as an individual who creates a new business and also undergoes the different financial risks that are associated with a business operation. An entrepreneur should be creative, smart and a problem solver inorder to be able to succeed in the business world.

A successful enterpreneur must possess the ability to turn different ideas and knowledge into a viable business opportunity. The individual must also have access to an amount of money(capital) that is required to start up the business. There must also include a motivated team of workers willing to work with the individual inorder to achieve a specific goal.

6 0

3 years ago

Until recently you worked as an accountant earning $55,000 annually. Then you inherited a piece of commercial real estate bringi

Blizzard [7]

Answer:

Total cost of operating the video store is $110,000

Explanation:

You decided to leave your job and operate a video rental store in the office space you inherited. You would not received the annually income from your job and rent commercial real estate.

Total income lost = $55,000 + $25,000 = $80,000

Total cost of operating the video store = Total income you lost + total costs for video purchases, utilities, taxes, and supplies = $80,000 + $30,000 = $110,000

4 0

3 years ago

Black Cat Corporation manufactures a product with the following full unit costs at a volume of 4,000 units: Direct materials $20

Snezhnost [94]

Answer:

Increase by $97,650

Explanation:

Increment Sale $247,500

(450 * $550)

<u>Less Increment cost</u>

Direct materials $90,000

(450 * $200)

Direct labor $36,000

(450 * $80)

Manufacturing overhead $20,250

(450 * $150 * 30%)

Administrative expenses <u>$3,600</u> <u>$149,850</u>

(450 * $80 * 10%)

Profit will increase by <u>$97,650</u>

5 0

3 years ago

Samson, Inc. reported the following information for the year: Service Revenue $ 40 comma 000 Operating Expenses 24 comma 000 Ne

agasfer [191]

Answer:

$2.29

Explanation:

The units cost per service is the ratio of the total operating expense to the total number of services provided during the year. Given that the Operating Expenses 24 comma 000 and the Number of Services Provided for the Year 10 comma 500,

the unit cost per service

= $24,000/10,500

= $2.285714286

To the nearest cents

= $2.29

6 0

3 years ago

The demand curve facing a monopolistic competitive firm will be __________ than the demand curve facing a perfectly competitive

Bad White [126]

Answer:

Downward sloping; more elastic

Explanation:

Demand curve is a curve that shows the relationship between price and quantity demanded.

The demand curve of a monopolistic competitor is DOWNWARD-SLOPING.

A monopolistic competitive firm can either raise price and lose few customers or reduce price and gain some more customers.

A monopolistic competitive firm

has a more ELASTIC demand.

Elasticity of demand is the degree of responsiveness of demand to a change in price, income and price of other commodities.

Perfectly Competitive market have the following characteristics;

1) Prices are determined by the forces of demand and supply.

2) They are price takers because a single firm can't control the market.

3) Easy entry and exit.

4) Many buyers and many sellers.

5) Identical product are sold

Monopolistic Competitive market have the following characteristics;

1) There are many buyers and many sellers.

2) Firms have market control.

3) Free entry.

4) Close substitute goods are sold.

4 0

3 years ago