What advantages do chain stores have over individual stores?

Entrepreneurs are best characterized as

Katarina [22]

Answer:

Entrepreneurs are best characterized as aggressive catalysts for change

Explanation:

When you take a look at new businesses that, in the end, became showbiz royalty, either by developing into a significant partnership or by getting sold for a considerable whole of cash, you see likenesses about the organizations. Business is going to dole out steady difficulties, some of which you've just considered yet a large number of which you'll never observe coming.

What's more, it's about something other than business openings and obstructions - your own life will also be tested. Laborers, accomplices, and financial specialists all need to confide in you as a business visionary too.

7 0

3 years ago

Discuss which financial management practices are least effective in creating and monitoring an operating budget?

insens350 [35]

The financial management practices which are least effective in creating and monitoring an operating budget include top down/bottom up budgets, poor inventorying, lack of control, over control, and lack of staff investment.

In business, financial management includes the practice of making a business plan and then ensuring that all departments which falls under it stay on track and work properly.

Creating and monitoring an operating budget for the national government involves four distinct processes which are, budget preparation, budget authorization, budget execution and accountability.

Hence, the operating budget helps in keeping track of the income and expenses in an organization.

To learn more about operating budget here:

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3 0

2 years ago

A piece of labor-saving equipment has just come onto the market that Mitsui Electronics, Ltd., could use to reduce costs in one

alexandr402 [8]

Answer:

Mitsui Electronics, Ltd.

1a. Payback period = 5.6 years

1b. No. The equipment would not be purchased if the company requires a payback period of four years or less.

2a. Simple rate of return = 17.86%

2b. Yes. The equipment would be purchased if the company's required rate of return is 13%.

Explanation:

a) Data and Calculations:

Purchase cost of the equipment = $ 448,000

Annual cost savings that will be provided by the equipment = $ 80,000

Life of the equipment = 10 years

1a. Payback period = 5.6 years ($448,000/$80,000)

1b. No. The equipment would not be purchased if the company requires a payback period of four years or less.

Annual return = $80,000

Initial cost of the equipment = $448,000

2a. Simple rate of return = 17.86% ($80,000/$448,000 * 100)

2b. Yes. The equipment would be purchased if the company's required rate of return is 13%.

6 0

3 years ago

Statutes that are enacted to protect the public are called licensing statutes. Generally, unlicensed persons cannot recover paym

guapka [62]

Answer:

If a statute is silent on this point, enforcement depends on whether it is a(n) REGULATORY statute or a revenue-raising statute.

Explanation:

Regulatory statutes regulate practitioners, e.g. doctors, constructors, real estate brokers, dentists, etc., and its main purpose is to protect the general public. This statues are state laws meant to regulate certain professions that may be considered sensitive or hazardous. E.g. a person that pretends to be a doctor can severely injure a patient or even kill him/her. A person that pretends to be a real estate broker can be committing fraud against his/her clients.

8 0

4 years ago

Read 2 more answers

__________ refers to the division of the economy into two areas of employment:, a primary sector or upper tier, composed of high

MrRissso [65]

Answer:

Split Labour Market

Explanation:

Proposed in the 1970s by Edna Bonacich, the Split labor market theory attempts to define the link between race or ethnicity and the segmentation of the labor market. The theory argues that the segmentation of the labor market is more a political and social structures than individual biases in employment.

For instance, depending on the type of job, an employer will determine what class of employees to target. In a job that requires cheap labor with poor health and insurance plans, an employer will favour lower tier workers who are less eager to complain than the upper tier workers who are more concerned about union requirements

The Split labour market theory used this explanation to divide the economy into the upper sector of higher paid workers in more secure jobs and the lower sector of lower-paid workers in less secure jobs.

3 0

3 years ago