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2 years ago

A key characteristic of a successful entrepreneur is:

Business

1 answer:

avanturin [10]2 years ago

6 0

Answer:

C) Learning to fail intelligently

Explanation:

Economics recognizes four factors of production, the first three are land, labor and capital:

land: includes any raw materials and natural resources used to produce other goods
labor: human work involved in the production process.
capital: physical tools and equipment involved in the production process

The fourth and probably most important factor is entrepreneurship. An entrepreneur is the person that combines all the other 3 factors of production into a business. Entrepreneurs take the risk of setting up their own business and many times are great innovators that are able to recognize opportunities and take them.

But doing business is not easy and being an entrepreneur is even harder. No matter how much positive energy and great ideas an entrepreneur has, there is chance that he will fail several times. Creative processes are not linear, they work on a trial and error basis and sometimes that also applies to running a new business. But as the great Micheal Jordan said," the important thing is not how many times you fall, but how many times you stand up."

high energy level

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Any help 75 points

Lapatulllka [165]

Answer: law of supply

6 0

3 years ago

Read 2 more answers

A distributor of large appliances needs to determine the order quantities and reorder points for the various products it carries

laiz [17]

Answer:

a) 32 refrigerators

b) 28.39 approximately 29 refrigerators

Explanation:

Given:

Cost of order, S = $100

H = 20% of 500 = 100

Cost of refrigerator = $500

Annual demand, D = 500

S.d = 10

Lead time, L = 7 days.

a) To find the economic order quantity, Q_opt, let's use the formula:

$Q_opt = \sqrt{\frac{2*D*S}{H}}$

$= \sqrt{\frac{2*500*100}{100}} = 32$

The economic order quantity is 32 refrigerators.

b) The reorder point, R, is calculated as:

R = (d' * L) + ( z * s.d)

Where d' is daily demand which is calculated by dividing annual demand by 365 days.

d' = 500/365 = 1.37

At 97% service probability.

Using the excel function, NORMSINV(0.97) = 1.88.

Therefore z = 1.88

Solving for R, we have:

R = (1.37 * 7) + (1.88 * 10)

= 28.39

≈ 29

If the distributor wants a 97% service probability, the reorder point, R, should be 29 refrigerators

8 0

2 years ago

arget Profit Refer again to the income statements for Cover-to-Cover Company and Biblio Files Company on their respective Income

Darya [45]

Answer: $489,000

Explanation:

Amount of sales required = (Fixed cost + Desired operating income ) / Contribution margin ratio

Contribution margin ratio for Cover-to-Cover Company:

= Contribution margin / sales

= 77,800/ 389,000

= 20%

Desired operating income = Current income + income increase

= 58,350 + 20,000

= $78,350

Amount of sales required:

= (19,450 + 78,350) / 20%

= $489,000

3 0

3 years ago

Janice plans on pursuing a teaching degree in college. Her only option for funding her college education is to apply for loans.

vazorg [7]

A because a lot of times depending on your degree they will automatically give you loan forgiveness, espicially going into a high attending job such as teaching.

7 0

3 years ago

Ravi wants to be his own boss and run his own business. His friend, Josh, suggested that an inexpensive way to get started is to

sladkih [1.3K]

Answer:

This is false. buying a franchise is expensive, as it involves buying the rights of a business from the business owners, who are commonly referred to as ''franchisiors".

Explanation:

Ravi would not be able to run the franchise business the way he wants as the Franchisiors determines the business model and procedures. Hence, he would have a limited control on the business. Thus, I would advise Ravi to avoid going into a Franchise business, if his motive is to be his own boss and have control on his business.

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2 years ago