Answer:
A cottage industry is a small-scale, decentralized manufacturing business often operated out of a home rather than a purpose-built facility. Cottage industries are defined by the amount of investment required to start, as well as the number of people employed.
Answer:
income - expenses
Explanation:
net income is an entity's income minus all the expenses, taxes etc and net worth is the total wealth own by individual minus expenses.
Answer:
If the span of management is wide, <u>Fewer</u> levels are needed, and the organization is <u>Flat</u>. If the span of management is narrow, <u>More</u> levels are needed, and the resulting organization is <u>Tall</u>.
Explanation:
Span of control is the number of personals working under a single Designation.
If their are greater number of employees working under a single designation then the hierarchy chart is wider in length, that's the reason we also say that the organization is flat. Due to these increased number of employees working under single designation, there is lower number of levels in such organization. It is also one of the main reason the employees turnover is very high because there are fewer chances of promotion in flat organizations. The number of candidates for the promotion are higher in the organization.
On the other hand, if their are lower number of employees working under a single designation then the hierarchy chart is taller in length, that's the reason we also say that the organization is flat. Due to these lower number of employees working under single designation, there is higher number of levels required in such organizations. It is also one of the main reason the employees turnover is very low because there are higher chances of promotion in tall organizations. The number of candidates for the promotion are fewer in the organization.
Some of the steps in creating a company include:
- Selecting a unique name.
- Making a financial plan and creation of a budget.
- Creation of vision and mission statement.
- Registration of the company with the government.
The advertising for the company would have to target an audience based on either demographics or income range or on the type of jobs they do that would require them to use your product.
The use of a marketing mix which includes the price, promotion, place, product, and people would be to make the best pricing available and also be in a strategic location, meeting the demand of people's needs.
<h3>What is Advertising?</h3>
This refers to the creation of public awareness for a particular brand of products or services to get them to buy.
Read more about advertising here:
brainly.com/question/25528284
Answer:
A. Political
Explanation:
PESTEL analysis is an instrument used to analyze and monitor the macro economic environmental factors than can have an effect on the organization.
PESTEL is an acronym for
P - Political
E - Economic
S - Social
T - Technology
E - Environmental
L - Legal
Political Factor - This is all about the role government plays in the economy. This can include – government policy, political stability or instability in overseas markets, foreign trade policy, tax policy, labour law, environmental law, trade restrictions etc.
Studying this would enable organizations respond better to current trends and prepare better for future legislations.
