When practicing entrepreneurship, starting with means at hand involves analyzing who you are.
<h3>What is entrepreneurship?</h3>
entrepreneurship can be regarded as the term that describes owing a business and been responsible for both the risk and the profit.
Therefore, as an entrepreneur , you must be able to analyze who you are, so as to know your strength.
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Answer:
The risk of recession will most likely cause the company's shareholders to demand a higher return.
Explanation:
If the company loses some customers, more might be attracted to the company. However, if the prices drop, the price might stay low and cause the financial value of stock to drop. Once the stock drops, the entire company loses money along with their stock, which is determined by their profit and loss.
Answer:
Charles is classified in the adopter category called "Latecomers"
Explanation:
Latecomers are traditional consumers. For them, buying a new product brings a feeling of extreme psychological discomfort. They do not like news, even flee from it, and consider it immature to buy an innovative article in the market.
Latecomers represent 16% of consumers, are insecure to adopt new things, do not like to try new things and do not follow fads. Being traditionalists, they always perform the same way and only adopt innovation when there is no other alternative. Like Charles, who only bought the color TV because his old tv stopped working.
Answer and Explanation:
c. If direct labor cost is the cost driver, direct labor and manufacturing overhead may be combined into the single element of conversion cost.
Answer:
$54,078.85
Explanation:
This is a Time Value of Money question, We are required to find the Payment (Pmt) from the following given parameters :
Pv = $250,000
i = 8%
n = 6
P/yr = 1
Fv = $ 0
Pmt = ?
Pmt = <em>$54,078.85</em>
Therefore Payment per year is <em>$54,078.85</em> (using a financial calculator)