The answer is open innovation
In business terms, open innovation refers to using input and knowledge from outside the company in order to accelerate the innovation process in the company. By creating my starbucks idea, starbuck will able to collect a lot of data from its customers and create a plan that will win the favor of most of its customers
Firms are more likely to effectively leverage their technologies in new markets if they identify new applications of the technology by identifying the best mode to generate profits from new markets. best, profits, new the sentence.
<h3>What are Firms?</h3>
Generally, Firms are simply defined as the business as an essential component of any economic system in which individuals satisfy needs via the division of labor and the trade of products and services.
In conclusion, Firms are business-oriented organizations.
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Answer:
C. $25,960
Explanation:
Cost of asset includes all the cost involved to acquire and install the asset. In simple term all the costs that are necessary to make the asset usable are capitalised and added to the cost of the asset.
In this question stamping machine has following cost which need to be capitalised.
Discounted Price = $24,000 x ( 100% - 3% ) = $24,000 x 97% = $23,280
Transportation cost = $550
Sales Tax = $1,680
Installation cost = $450
Total cost to be capitalized = $23,280 + $550 + $1,680 + $450 = $25,960
Routine Maintenance cost is the routine / period cost which incur every month, It is not necessary to make the asset usable and it is incurred after the asset is used.
Answer:
generally receives favorable tax treatment relative to a corporation.
Explanation:
The sole proprietorship is the business organization in which the business is controlled by single person only. The business records would be separated with the owner personal records in this type of business also it would not be classified as a separate legal entity just like corporation
But in this it received the favorable tax treatment as compared with the corporation
Answer:
$42,000
Explanation:
Let L be the lowest possible salary;
the maximum salary would be (L x 20%) + L = 1.2L
If we want to determine the minimum value for L, we need to assume that everyone else earns the maximum salary: 20 employees earn 1.2L each
L + 20(1.2L) = 1050000
L + 24L = 1050000
25L = 1050000
L = 42000