Answer:
Business model
Explanation:
A business plan can be defined as a formally written document that comprises of the financial and operational objectives (plans) of a business firm.
Basically, a business plan is a roadmap or guide that outline the goals of a business, methods on how to achieve those goals, and the timeframe required to achieve those goals.
Similarly, a business model can be defined as a plan developed and implemented by a company while expressly promising value to its customers and converting the payments made by customers for goods or services into a profit.
Advantages & Disadvantages of Owning Your Own Shop
Advantage: Financial Rewards. ...
Advantage: Lifestyle Independence. ...
Advantage: Personal Satisfaction and Growth. ...
Disadvantage: Financial Risk. ...
Disadvantage: Stress and Health Issues. ...
Disadvantage: Time Commitment.
Answer:
Yes it is very necessary to avoid plunging into a mess of bankruptcy. Every business needs to be planned before venturing into, and if a clear process is not observed then there is a huge danger by the corner.
Answer:
Understated by $14 million.
Explanation:
Accumulated depreciation 20,000,000
Deferred tax liability 6,000,000
Retained earnings 14,000,000