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andreyandreev [35.5K]
3 years ago
9

Justine has just started a company that makes notebooks and other stationery items out of recycled materials. She has decided to

use a profit orientation, and wants to make a 10% profit from all sales. Why is this a bad idea?
Business
1 answer:
Zigmanuir [339]3 years ago
4 0

Answer:

10% is a high-profit margin

Explanation:

Since Justine is just starting her new business this might actually be a bad idea because 10% is a high-profit margin. In new business, you need to start off with very small profit margins in order to attract customers with low prices and grow a loyal customer base. Once the business begins to grow and sales start kicking up then you may begin increasing your profit margins.

You might be interested in
An examination of the reasons given by people willing to accept the risks of entrepreneurship indicates that: A)the desire to ea
Mariana [72]

Answer:

B)many people become entrepreneurs because they do not enjoy working for someone else.

Explanation:

The examination of the reasons provided by the people who wants to accept the entrepreneurship risk as here most of the people become entrepreneurs but at the same time they dont enjoy working for someone else as they wabt to work for themselves not for someone else

Therefore as per the given situation, the option b is correct

6 0
2 years ago
What is an example of a long term goal if you’re in middle school now
Katena32 [7]

I would say to try and keep all A's until you are finished with school\

3 0
3 years ago
Read 2 more answers
2. What were the major industries involved in the development of the West, and how did these industries transform the western ec
Usimov [2.4K]

Answer:

1) Mining

2) Ranching

3) Commercial Farming

Explanation:

The miners who comes mostly from California and other areas fulfilled the demand for gold and silver in the East. They also contributed in extracting other minerals i.e. copper, zinc, iron ore, lead, and quartz, which were great for the industrial use.

The sheep and cattle ranchers played an important role too i.e. that they produced wool, meat, and leather to satisfy the demands of eastern manufacturers and the consumers.

The farmers contributed by making farming commercial. They sold their crops in home town and internationally which helped the economy to improve.  

6 0
3 years ago
Suppose that you and a friend are playing cards and you decide to make a friendly wager. The bet is that you will draw two cards
Solnce55 [7]

Answer:

Total bet amount= -$2

Explanation:

In a card deck of 52 cards we have 13 diamond cards. Cards are drawn without replacement.

Probability of the first card being diamond = 13/52

Probability of the send card being diamond= 12/51

So the probability for both cards being diamond = (13/52)*(12/51)= 0.0588235

Bet amount for 2 diamonds= probability* amount received

Bet amount for 2 diamonds= 0.0588235* $30= $1.765

Probability of no diamond= 1- 0.0588235

Probability of no diamond= 0.94118

Bet amount for no diamonds= 0.94118* (-$4)

Bet amount for no diamonds= -$3.765

Total bet amount= Bet amount for diamonds + bet amount for no diamonds

Total bet amount= $1.765+ (-$3.765)

Total bet amount= -$2

6 0
3 years ago
Gore Global is considering the two mutually exclusive projects below. The cash flows from the projects are summarized below.
d1i1m1o1n [39]

Answer:

D

Explanation:

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator  

Flying Car

Cash flow in year 0 = -$200,000

Cash flow in year 1 = 50,000

Cash flow in year 2 = 50,000

Cash flow in year 3 =80,000

Cash flow in year 4 =100,000

IRR = 13%

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.  

7 0
3 years ago
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