Answer:
develop your research plan
Explanation:
The five steps in the marketing research process are:
- Define the problem (or opportunity)
- Determine your research design
- Develop your research plan: during this step you design your research tool, e.g. questionnaires, focus groups, etc. You must also prepare a budget that covers the costs of carrying out your research plan.
- Collect relevant data.
- Analyze data.
- Visualize data and report findings.
The line on a production possibilities curve that shows the amounts of goods produced is called production possibilities frontier.
The following apply:
1. Better quality of goods and services.
2. Improved customers services.
3. More variety of goods and services.
There are some benefits that customers derived from competition. Parts of the benefits are listed above. Competition encourages businesses to improve the quality of their products and services and place reasonable prices on their products.
Answer:
A. Reset the temporary accounts and update retained earnings.
Explanation:
This is a performed by an organisation in form of transferring data of financial values from temporary accounts and its is been moved to the permanent account. Amidst these, the temporary account is said to balanced in such a way to be zero; because when not done so, the remaining data from the temporary account will be moved to the permanent account.
Process involved in this includes: Closing summaries that belong to income accounts and move to income summary. Also all expense accounts to income summary.
He should consider where he is going to get the money from, how soon he will be able to pay it back if he borrowed it, and if he needs anymore emplyees for the expansion.
