Entrepeneur is a person who organizes, operates, and assumes the risk for a business venture so a cleaning supplies business is run by an entrepreneur. But a musician also operates a business and assumes risk. In my opinion both are entrepreneurs. But the person with the cleaning bisiness is for sure!
<span>Farmers who sell their fruit and vegetables to consumers at roadside stands or farmer's markets use a producer to consumer marketing channel.
Producer to consumer means that it goes straight from the person who produced the good or service to the hands of the consumer with no middle man. In this case, instead of going from producer to the grocery store and then to the consumer - they skipped the grocery store step. :)</span>
Answer:
$45; $50
Explanation:
Given that,
Quantity sold (at price = $50 per bottle) = 10 bottles of champagne
Quantity sold (at price = $45 per bottle) = 11 bottles of champagne
Therefore,
Quantity effect (keeping the price unchanged):
= (11 - 10) × $45
= $45
Price effect (keeping the quantity unchanged):
= ($45 - $50) × 10
= - $50
Hence, total revenue experiences an increase of $45 and a decrease of $50.
All of them represent liabilities that must be paid back at some specified point in the future.
<h3>What are liabilities?</h3>
Liabilities are financial obligation of a company that results in the company's future sacrifices of economic benefits to other entities.
There are various reason why a company would incur liabilities:
- Human error.
- Environmental damage.
- Defective product/work.
- Natural hazards.
Hence, all of the above represent liabilities that must be paid back at some specified point in the future.
Learn more about liabilities here: brainly.com/question/2819860
The answer for this question is: <span>Only full text, peer reviewed, contains images
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