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LUCKY_DIMON [66]
3 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]3 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]3 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).

You might be interested in
Porter Co. owned all of the voting common stock of Simi Corp. The corporations' balance sheets dated December 31, 2018, include
Katena32 [7]

Answer: $672,000

Explanation:

Porter sold land to Simi which means that their land balance reduces. Simi's however increases by the same amount. As Porter owned all the voting stock, the sale will be accounted for at the book value.

The Consolidated balance for land in 2020 will therefore be calculated as,

= (Porter land value - Sales price) + (Simi land value + Sales price)

= (416,000 - 65,000) + (256,000 + 65,000)

= 351,000 + 321,000

= $672,000

The book value of the Consolidated land will be $672,000 in 2020.

3 0
3 years ago
Pakistan’s GDP in 2010, using the official exchange rate on 1/1/2010, is equal to $300 billion USD ($300,000,000,000). When 2010
docker41 [41]

Answer:

Undervalued

Explanation:

The PPP exchange rate is the implicit exchange rate, so that everywhere, one dollar has the same purchasing power. In general, this exchange rate is different from the exchange rate on the market.

Because the same nominal GDP translates to a higher real GDP by using the PPP exchange rate, one Pakistan Rupee must be valued more in terms of U.S. dollars than in contexts of the market exchange rate under the PPP exchange rate. The Pakistan Rupee is therefore worth less than its true value in the economy, i.e., undervalued.

5 0
4 years ago
produces considerable inefficiency in the use of scarce resources. effectively harnesses the incentives of workers and entrepren
gladu [14]

Complete Question:

The market system:

A. produces considerable inefficiency in the use of scarce resources.

B. effectively harnesses the incentives of workers and entrepreneurs.

C. is not consistent with freedom of choice in the long run.

D. has slowly lost ground to emerging command systems.

Answer:

B. effectively harnesses the incentives of workers and entrepreneurs.

Explanation:

An economic system can be defined as a series of governmental or societal arrangements and a coordinating mechanism used for the allocation of available resources, economic inputs, goods and services across a particular country. The economic system differs according to the method used to coordinate economic activities and who the factors of production belongs to.

Generally, there are basically two (2) main types of economic systems and these are;

1. Command systems.

2. Market systems.

The market system effectively harnesses the incentives of workers and entrepreneurs because workers are able to engage in division of labor and are well compensated for their efficiency in service while the entrepreneur are usually rewarded with an increase in sales and profits.

The market system allows participants to have property rights such as trademarks, patents and copyright. Also, market systems are regulated by the competition among individuals (traders or entrepreneurs) and this gives direction to the market as they pursue self interests and are independent.

7 0
3 years ago
Callahan and megan plan to invest in corporate securities. while callahan plans to retire next year on his 65th birthday, megan
madreJ [45]

Answer:

a. callahanb

Explanation:

Conservative investment strategy means investing in a less risky asset so the there is certain cash flow . Investment in govt bonds or treasury bills or company debentures etc of good rating are example of conservative investment strategy.

Old timers should opt for conservative investment . It is so because their risk bearing capacity is low. They can be reined in case of any windfall loss .

They have fixed liability in the form of medical expenses etc.

On the other hand youngsters have no such fixed liability . So they go for some risky alternative to take advantage of risk premium.

3 0
3 years ago
dar Grove Industries produces and sells a cell phone-operated home security control. Information regarding the costs and sales o
Neporo4naja [7]

Answer:

.................................................................................................

Particulars                              Unit cost       Amount

Sales income                         $ 47            $ 376,000      

Less: Variable cost                $ 24           $ 192,000

---------------------------------------------------------------------------

Contribution Margin             $ 13           $ 184,000

Less: Fixed cost                                        $ 124,000

---------------------------------------------------------------------------

Net income                                                $ 60,000

...................................................................................................

Explanation:

Given:

Unit selling price = $ 47

Variable cost = $ 24

Total monthly fixed cost = $ 124,000

Number of units sold = 8,000

CVP income statement for Cedar Grove Industries for the month of May is as:

.................................................................................................

Particulars                              Unit cost       Amount

Sales income                         $ 47            $ 376,000      

Less: Variable cost                $ 24           $ 192,000

---------------------------------------------------------------------------

Contribution Margin             $ 13           $ 184,000

Less: Fixed cost                                        $ 124,000

---------------------------------------------------------------------------

Net income                                               $ 60,000

...................................................................................................

here, the amount is for the total unit i.e 8000 units multiplied by the unit cost

8 0
3 years ago
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