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Strike441 [17]
4 years ago
13

Frederick is about to start a small manufacturing business soon. He has asked some of his friends, who are entrepreneurs, for ad

vice. They have told Frederick that he needs to have a business plan in place. Frederick wants to know why a business plan is so important. Which of the following statements would be true?
A. A business plan will help Frederick attract and persuade investors.
B. A business plan will help Frederick guarantee profits in the future.
C. A business plan will help Frederick trick potential customers.
D. A business plan will help Frederick choose the type of product his business should manufacture.
Business
2 answers:
NemiM [27]4 years ago
7 0

A business plan will help Frederick attract and persuade investors.  A business plan is primarly used to explain the business to potential stakeholders like investors.

adell [148]4 years ago
7 0

Correct answer is Option A, A Business Plan will help Frederick attract and persuade investors.

Frederick is an entrepreneur. He is starting a new business. Many of his friends are entrepreneurs. He asked them for the advice. They told Frederick that he needs to have a business plan. Frederick wants to know why business plan is so important. So the importance of business plan is inevitable. Your business plan determines the future of your business. If your business plan is influential, it will attract investors. Investors will see the potential in your business through your business plan and they will want to invest in your business. So a business plan is very much important while starting a business.

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A metal fabrication company is considering entering the global market. It is unsure of what steps to take and is looking for a c
alexira [117]

Answer:

enter into a joint venture.

Explanation:

Based on the information provided within the question it can be said that the company's best option in this scenario would be to enter into a joint venture. This term refers to a business arrangement where various parties agree to combine all of their resources (including personnel) in order to achieve the same goal. Which would benefit the metal fabrication company since the partner company would provide the knowledge and experience of the host country market and they would in term provide more resources to the partnership.

5 0
3 years ago
Who agrees to pay for certain types of losses in exchange for payments on a policy?
LenaWriter [7]
Who agrees to pay for certain types of losses in exchange for payments on a policy? An insurer. An insurer is someone representing a company that is insuring someone else. When you are insured, you are paying for a policy and if you need to file a claim against your policy, the insurer will pay out the loss. 


3 0
4 years ago
Read 2 more answers
cali wants to work on improving her money management skills. to start, she needs to gather financial records. what type of finan
dedylja [7]

One type of financial record that would most help her begin this process would be her bank statements.

What is financial record?
Financial records
are the official papers that document the transactions of a company, a person, or any other organisation. Companies keep financial records, such as income statements, balance sheets, cash flow statements, statements of retained earnings, and tax returns. An important sign of a successful business is the organisation of the financial records. Such a record is necessary to give stakeholders and Accutane financial information about a business or an individual in a clear and concise manner. To prepare financial statements or other record for financial reviews and audit, all relevant financial data must be available. In order to assist in the creation of financial records like assets and liabilities, general ledgers, and other supporting documents, books of accounts are also helpful.

To learn more about financial record
brainly.com/question/26240841
#SPJ4

5 0
1 year ago
The three steps which will create triangular arbitrage profit are as follows: first step, convert ____; second step, convert ___
Vladimir [108]

Answer:

The correct option is b) USD to GBP; GBP to CHF; CHF to USD.

Explanation:

A triangular arbitrage can be described as the act of taking advantage of a foreign exchange market arbitrage opportunity created by a pricing difference between three different currencies.

A triangle arbitrage method entails three deals, with the first currency being converted to a second, the second currency being converted to a third, and the third currency being converted to the first.

In the question, USD is the first currency, GBP is the second currency, and CHF is the third currency. Based on the explanation above, the three steps which will create triangular arbitrage profit are as follows: first step, convert <u>USD to GBP</u>; second step, convert <u>GBP to CHF</u>, and third step, convert <u>CHF to USD</u>.

Therefore, the correct option is b) USD to GBP; GBP to CHF; CHF to USD.

7 0
3 years ago
A design engineer wants to construct a sample mean chart for controlling the service life of a halogen headlamp his company prod
andreyandreev [35.5K]

Answer:

C) 515 hours

Explanation:

The mean is the central value of set of numbers.

It is calculate by adding all the values together and then, divide by the quantity of items

 ∑ x

--------

  n

∑ =525 + 515 + 505 + 515 = 2,060

now we divide this value by the total number of items. Notice we take four headlamps so we divide by tis amount:

Mean = 2,060 / 4 = 515

3 0
3 years ago
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