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3 years ago

Describe external resources useful to entrepreneurs during concept development

1 answer:

4 0

The external research that would be useful would be research.
Research could be divided into direct and indirect.
Direct research is being done by directly ask the potential customer what they want (through things like questionnaire)
And indirect research is being done through observation (pay attention to the market trend)

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Question 1 Saved

Nadusha1986 [10]

Answer: Businesses sell goods and services in product markets.

Explanation: Circular flow diagram shows the flow of goods and services from Firms to the Households and Factors of production from the Households to the Firms. The firms money from the sale of those goods and services and the households get factor payment.

Thus, Business are sell goods and services in product markets in a circular flow diagram.

3 0

3 years ago

Which employers include not only private companies and nonprofit organizations, but also hospitals, department stores, and car m

julia-pushkina [17]

The answer is option D. Business financial management]

The job of Business Financial managers cut across many sectors; their job is to see to the financial health of an organization, by produce financial reports, directing investment activities, and developing strategies and plans for the long-term financial goals of their organization. As such, they are employed not only in private companies and non-profits, but also in such places as hospitals, department stores, and car manufacturring firms.

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3 years ago

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The Duerr Company manufactures a single product. All raw materials used are traceable to specific units of product. Current info

Gemiola [76]

Answer:

Direct material used= $102,000

Cost of goods manufactured= $327,000

COGS= $347,000

Explanation:

First, we need to calculate the cost of direct material used:

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 28,000 + 105,000 - 31,000

Direct material used= $102,000

Now, the cost of goods manufactured:

cost of goods manufactured= beginning WIP + direct materials used + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 40,000 + 102,000 + 130,000 + 105,000 - 50,000

cost of goods manufactured= $327,000

Finally, the cost of goods sold:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 80,000 + 327,000 - 60,000

COGS= $347,000

6 0

3 years ago

An increase in the money supply causes

Murljashka [212]

Answer:

Inflationary Pressure

Explanation:

Inflationary pressures are the underlying causes of inflation. These pressures are the reason that the production of goods increases to meet or exceed consumer demand or that prices increase due to lack of supply. Inflationary pressures cause the economy to adjust as a result of supply and demand.

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2 years ago

Create an outline of your paragraph about your participation in the economy this week. describe how you were a consumer or produ

Ber [7]

I contributed to the total supply of money in the economy because my demand for good and services were paid for using money and it made the supplier to have more resources with which he can manufacture or purchase more product so that consumers can purchase. In this my economic decision was using the money which I could have used for other purposes for the purchase of goods and services as I had to forgo something and also my account balance became reduced as a result of the decision i made

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3 years ago

Read 2 more answers