Answer:
The most common reasons small businesses fail include a lack of capital or funding, retaining an inadequate management team, a faulty infrastructure or business model, and unsuccessful marketing initiatives.
<span>A person's debt ratio shows the relationship between debt and net worth. The lower the ratio the better off the person is financially. </span>
When you are in good financial standing, if it necessary to have a low debt ratio. The debt ratio is how much debt to income or net worth someone has. When you have a low debt ratio you are often approved for larger loans and can sustain financial freedom more easily.
Answer:
The correct answer is A.
Explanation:
Giving the following information:
The retail value of the inventory is $478,000. The ratio of cost to retail price is 60%. What is the amount of inventory to be reported on the financial statements?
Inventory= 478,000*0.60= $286,800
Answer:
The correct answer is option A.
Explanation:
The price of good A is initially at $11.
The initial demand of A is 400 units.
The price increases to $33.
The demand of A , as a result, falls to 200 units.
The demand for good C is initially at 150 units.
With increase in price of A, the demand rises to 250 units.
The positive cross elasticity as given in the figure represents that the two goods are substitutes. When price of A increases, consumer will prefer its cheaper substitute. So, the demand for good C will increase.
Answer:
(C). Involves serving buyers in the target market niche at a lower cost and a lower price than rival competitors
Explanation:
The focused low cost strategy is a business level strategy that <u>involves an organization choosing a segment or niche </u>within a large market and then <u>focusing its available resources on serving the needs of customers in that market segment.</u>
It requires the organization to operate at<u> low costs</u> so it can <u>offer prices of its products, lower than what competitors have to offer.</u>
