Answer:
Small businesses usually deal with known and established products and services, while entrepreneurial ventures focus on new, innovative offerings. Because of this, small business owners tend to deal with known risks and entrepreneurs face unknown risks.
Answer:
<h2>The Average cost usually decreases as the output expands.Hence,the answer in this case would be option c. or will always decrease as output expands.</h2>
Explanation:
- Fixed costs or expenses of production refers to those that are fixed or constant through out the production process or does not depend on the changes or adjustments in the actual output or production level.
- Some of the common examples of fixed cost of production include building rent,utility bills,land rent,insurance and interest payments.Note that these costs and expenses are fixed and unchanged and any firm or company has to pay them regardless of the production or output level.
- Now,since the average fixed cost of production is calculated by dividing the total fixed cost of production by the quantity of output produced by the firm at any particular period of time,the average fixed cost of production will decrease.As the output expands the denominator of the average fixed cost formula will increase but note that the numerator of the formula or the total fixed cost of production will always remain constant.Therefore,the average cost of production keeps decreasing with an increase in output or production level,signifying economies of scale.
Answer:
$48,100
Explanation:
Computation of total manufacturing cost incurred during the year is seen below;
Direct materials used
$13,700
Direct labor used
$27,700
Total factory overhead
$6,700
Total manufacturing cost incurred
$48,100
Therefore, the total manufacturing cost incurred during the year is $48,100
Answer:
The correct answer is letter "D": Analysis of opportunities and threats.
Explanation:
Part of the Strategic Planning involves making a SWOT (<em>Strengths, Weaknesses, Opportunities, and Threats</em>) analysis. By identifying Opportunities and Threats, a company is able to know what are the potential <em>external factors</em> of the organization that could harm the business or that could represent chances to make a profit.
<span>Before starting a car with an automatic transmission, the transmission should be set to park. When a car has an automatic transmission, is is necessary to put the car in park before turning it on and off. If the car is not set in park, the car could develop transmission issues from the mistreatment of it. </span>
