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3 years ago

11

An entrepreneur who takes unreasonable actions due to a lack of clarity about future events could suffer from ______. a. inatten

tion b. deviance c. lack of ability d. uncertainty

1 answer:

julia-pushkina [17]3 years ago

3 0

Answer: idk

Explanation:

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Chase invests $5,000 of his own money in his new auto detailing business. He then obtains a loan and builds a small workshop in

Liula [17]

Answer:

B $15,000; $10,000; $5,000

Explanation:

The owner's equity is the amount of money invested by the owner into the business.

The liability represents the obligations of the entity to third parties while the assets are the resources owned by the entity.

Given that Chase invested $5,000 of his own money in his new auto detailing business and then obtains a loan and builds a small workshop in his backyard for $10,000.

Equity = $5,000

Asset which is the small workshop and the cash invested = $10,000 + $5,000 = $15,000

Liability which is loan taken = $10,000

Hence, assets, liabilities and equity are $15,000; $10,000; $5,000 respectively.

7 0

4 years ago

Weekly demand for tennis balls at The Racquet Club is normally distributed , with a mean of 35 cases and a standard deviation of

RideAnS [48]

Answer:

a-The average weekly profit is $1767.31

b- The probability of having a weekly profit of more than 2000 is 0.1587 or 15.87%.

Explanation:

a

The weekly average profit for the simulation is given where first the values are simulated using R which is given as below:

x<-round(rnorm(n,m,s))

Here

round converts all the values of the simlation to integer.
rnorm is the command for simulation
n is the number of values which is 52 in this case
m is the mean of the values which is 35
s is the value of standard deviation which is 5 cases.

The values of x are as follows

[1] 36 49 30 29 34 36 32 28 32 29 32 27 40 32 30 37 43 30 42 30 31 34 36 38 28 29 32 42 36 35

[31] 37 41 34 39 37 46 34 44 45 41 41 29 36 38 35 32 36 39 30 38 40 27

Now using these values, the average of the simulation values is cacluated as follows:

mean(x)

35.3462

Now using this with the value of profit of $50 gives:

Average Profit=$50 x 35.3462

Average Profit=$1767.31

The average weekly profit is $1767.31

b-

First number of cases are required so that the value will be greater than 2000 it is given as

Number of cases=2000/50=40

So firstly the Z-score is calculated which is as below:

$Z=\dfrac{x-\mu}{\sigma}\\Z=\dfrac{40-35}{5}\\Z=1$

Now the probability is given as

$P(X\geq 40)=P(Z\geq 1)\\P(X\geq 40)=1-P(Z< 1)$

The value of P(Z<1) is calculated from the table which is given as

0.84134

So the equation becomes

$P(X\geq 40)=1-P(Z< 1)\\P(X\geq 40)=1-0.8413\\P(X\geq 40)=0.1587$

So the probability of having a weekly profit of more than 2000 is 0.1587 or 15.87%.

4 0

3 years ago

Porsche has enhanced power over buyers because its strong reputation makes buyers more willing to pay a premium price. This ____

aev [14]

Answer:

Lessens; Less.

Explanation:

Porsche has enhanced power over buyers because its strong reputation makes buyers more willing to pay a premium price. This lessens rivalry, since buyers become less price-sensitive. This mostly happens in premium end product where customers want to pay as much brand want to charge, where customers are not much concerned about the other brands, they have to have the products of certain brands at any cost which lessens the rivalry because customers are very much less price sensitive. As we have seen here for Porsche, same is the case with Apple, where customers want to pay higher for its iPhone and McBooks.

6 0

3 years ago

Coffee shop owner: A large number of customers will pay at least the fair market value for a cup of coffee, even if there is no

JulsSmile [24]

Answer:

The answer is: D) The shop makes a substantial proﬁt from pastries and other food bought by the coffee drinkers.

Explanation:

Once I saw this strategy being used by a chain of coffee shops that operated in large superstores. It was really successful, not only because they had a lot of clients. Most of the clients wouldn´t just buy coffee, they also bought pastries and sandwiches. This strategy was so successful that the coffee shop decided to offer free coffee to everyone. Even though you could just ask for a free coffee (after waiting 20 minutes in line), no one just got free coffee. Everyone bought something else. You could hear the other customers saying that since the coffee was free they were going to buy something.

8 0

3 years ago

Managers must be prepared to modify their strategy except when:

pishuonlain [190]

Answer: rivals announce their monthly profit margins in public.

Explanation:

Strategies are the actions or plans which are put in place by a company in order to have competitive edge over its rivals and also achieve the organization objectives.

Managers must modify their strategies when:

• changing circumstances affect performance and the desire to improve the current strategy.

• rivals make or adjust moves in the market due to the shifting needs of buyers.

• encountering stagnating market conditions and increasingly restrictive new customer acquisition opportunities.

• evidence is mounting that the current strategy is becoming less effective.

The last option isn't necessary in order to modify their strategies. Rivals announcing their monthly profit margins in public isn't enough reason for a company to alter its strategies.

7 0

3 years ago