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LUCKY_DIMON [66]
2 years ago
10

Eve and her three college friends enjoy perfumes. As a special gift to each of them last holiday season, she found a way to make

scented candles with each friend's favorite perfume scent. The three friends loved her gift idea and encouraged Eve to create more and sell them online. Recently, she is filling orders from her website, and turning a profit. Eve is proof that: A. me-too businesses work.B. when you successfully fill a market need, you can make money.C. the Internet is a way to distribute just about anything.D. the cost of supplies to make candles is relatively cheap.In order to stay competitive, entrepreneurs must find a market niche—something the market needs.
Business
2 answers:
Ksivusya [100]2 years ago
5 0

Answer:

B. when you successfully fill a market need, you can make money.

C. The Internet is a way to distribute just about anything.

jasenka [17]2 years ago
4 0

Answer:

B) when you successfully fill a market need, you can make money.

Explanation:

Eve can be defined as an entrepreneur. An entrepreneur is an individual who perceives an unsatisfied market need and decides to open her/his own business in order to satisfy that need. Entrepreneurs are usually creative and innovative, as well as courageous, since the unsatisfied need was there all along, but only an entrepreneur decides to do something about it.

Being an entrepreneur can be challenging and time consuming, but it can also be rewarding both economically and emotionally (feeling of success).

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As a result of a thorough physical inventory, Railway Company determined that it had inventory worth $180,000 at December 31. Th
fgiga [73]

Answer:

The answer is: $215,000

Explanation:

Railway Company should include the goods worth $35,000 that Rogers Consignment store has. Once this amount is included, the total inventory for Railway Company should be $215,000 ($180,000 + $35,000).

Merchandise purchased and shipped as FOB destination, belongs to the seller until it has been properly delivered to the buyer. It will increase the inventory once it arrives on January 3.

7 0
2 years ago
As owner of a retail franchise food store, Mary Grey purchases supplies based on specials advertised nationally throughout the f
Artemon [7]

Answer: Sharing information across the organisation

   

Explanation: In the given case, Mary grey is the owner of a retail store hence it is her duty to know all the goods that are offered by her store. However she did not knew the special goods when the customers asked for it.

This shows that the franchise company is not performing effectively in the area of sharing information as all the stakeholders do not know all the relevant information.

7 0
3 years ago
How do price ceilings and price floors restrict the free exchange of prices?
Yuki888 [10]
Price ceilings are the limit of the prices to go high above the given ceiling while the price floor limit the prices to go below the given amount. The two restrict the free exchange of prices by putting a range of prices allowable only for a certain product. The prices are already limited between the price floor and the price ceiling.
8 0
3 years ago
Spencer wants to choose a career path that wouldn’t hold him to an office or laboratory. Which of the following career paths wou
elena-14-01-66 [18.8K]
If he doesn't want to sit in an office or a laboratory, he could study teaching. Either deal with early education, or study something like languages or history or geography and either deal with working in the field, or with teaching others in the classroom. The possibilities are endless.<span />
6 0
3 years ago
If the marginal propensity to consume is 0.80, what is the total implied increase in economic spending activity from a governmen
Rzqust [24]

\$500 is the total implied increase in economic spending activity from a government stimulus of \$100 billion

<u>Explanation: </u>

The median product preference tests the increase in expenditure due to changes in availability.

In increasing government expenditure, total economic investment would be increased by the scale of the budget multiplier. In other terms, the expenditure equation indicates how much GDP can increase as government expenditure increases.

The spending multiplier can be expressed as \frac{1}{1-M P C} \text { or } \frac{1}{M P S}

\text { Increase in GDP }=\frac{1}{1-M P C} \times \Delta G=\frac{1}{1-0.8} \times 100=\$ 500

So, the total implied increase in economic spending is \$ 500

In economics, marginal propensity to consume (MPC) is the proportion of an aggregate raise in pay that consumer spends on the consumption of services and goods, as opposed to saving it.

7 0
3 years ago
Read 2 more answers
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