1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MAXImum [283]
3 years ago
11

Which test of a business plan involves proving that a market for the product or service really does exist and that the company c

an produce the product or provide the service at a reasonable​ cost?
Business
1 answer:
Vinil7 [7]3 years ago
5 0

Reality test of a business plan involves proving that a market for the product or service really does exist and that the company can produce the product or provide the service at a reasonable​ cost.

<h3><u>Explanation:</u></h3>

An entrepreneur must be successful in the business he starts as he takes ;lot of risks with that. It is very essential for an entrepreneur to create a business plan before taking any forward steps in the business. Performing the reality check will help an entrepreneur to ensure that he is in the right track of the business.

In the reality check, an entrepreneur gets to know about the viability of the market, his own strength and weakness and the financial position for the production of the products. It helps an entrepreneur to know about the demands that exists for his product and how can he produce those products or services as reasonable cost.

You might be interested in
The strategic plan is designed by the executive leaders and is designed​ to:
antiseptic1488 [7]

Answer:

The correct answer is D. Identify where the organization is and where it wants to go

Explanation:

In an organization we have different types of plan, such as.  

Strategic plan outline the mission,  vision and high levels goals for the long-term future . This is a global view of the situation.

Operational plan or work plan, are the goals you have to achieve in the near future.  

So,  from the given options , the right answer is D. Identify where the organization is and where it wants to go

6 0
3 years ago
True or False: If the demand for notebooks is perfectly inelastic, an increase in the supply of notebooks only lowers the price
blsea [12.9K]

Answer:

True

Explanation:

It is similar to supply and demand principal. Hope I helped.

8 0
3 years ago
Assume the minimum wage is increased above the previous equilibrium wage. Which of the following statements is/are correct? The
Neporo4naja [7]

Answer:

Statements IV and V are correct.

  • The quantity of labor supplied will increase.
  • The unemployment rate will increase.

Explanation:

If the minimum wage increases then more people should be willing to work (increase in the labor supply). The problem is that if the increase is above the equilibrium level, then the quantity demanded for labor will decrease, which will in turn increase the unemployment level. Less companies will be willing to hire new employees or keep current employees.

8 0
3 years ago
The Cole Beverage Company (CBC) has a soft drink product that has a constant annual demand of 3,600 cases per year. A case of th
skad [1K]

Answer:

a. 480

Explanation:

The computation of the economic order quantity is given below:

EOQ = \sqrt{\frac{2\times annual \ demand \times ordering\ cost }{carrying \ cost}}  \\\\= \sqrt{\frac{2\times 3600\times \$32}{\$1} }

= 480 units

The carrying cost could be determined below:

= $4 × 25%

= $1

hence, the carrying cost is $1

Therefore the economic order quantity is 480

Thus, the correct option is a.

7 0
3 years ago
Which job category is likely to deal with primarily supply chains
DiKsa [7]
Supply Chain Management
8 0
4 years ago
Other questions:
  • Rachel wants to display jewelry in her store window in a way that will attract customers. She wants the display to complement an
    14·2 answers
  • Compared to tangible resources, intangible resources are ____ and ____. more visible; less difficult to copy. less visible; less
    9·1 answer
  • (Lessee-Lessor Entries, Sales-Type Lease; Guaranteed Residual Value) Phelps Company leases a building to Walsh, Inc. on January
    5·1 answer
  • Sweetpea Corporation sold a tiller that it used in its landscaping business. The tiller cost $5,000 and Sweetpea had taken $2,00
    13·1 answer
  • Hurricane Irene was forecast to hit the Mid-Atlantic/Northeast about a week before it arrived. The plan to evacuate the Outer Ba
    13·1 answer
  • What role do individuals play in a capitalist system?
    13·2 answers
  • Which savings account will earn you the most money?
    9·1 answer
  • Operating budgets are a.a forecast of operating expenses and related revenues. b.a forecast of units of production. c.concerned
    9·1 answer
  • On January 1, 2021, Wright Transport sold four school buses to the Elmira School District. In exchange for the buses, Wright rec
    7·1 answer
  • Mrs. Beach bought shells at a gift shop. The red shells (r) were $0. 75 each, and the white shells (w) were $0. 49 each. The tot
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!