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viva [34]
3 years ago
7

Peppy is confident that Pepe's Pizzazzeria will be a success, but only if he has enough money to do things right. Since Pepe has

very little personal wealth, he knows he must find financial assistance.
In order to prepare for meetings with bankers and potential investors, Pepe should:

A. hire a public relations firm to develop promotional materials.
B. develop a business plan.
C. read a book on entrepreneurship.
D. create a partnership contract.
Business
1 answer:
jekas [21]3 years ago
8 0

Answer:

The correct answer is letter "B": develop a business plan.

Explanation:

Entrepreneurs who lack funds to start their ventures should develop a business plan so it can be presented to prospective investors who will decide if the venture is of their interest or not. The business plan should include the mission and vision of the business as well as a <em>SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis</em> explaining how the business will mitigate its risks and maximize its benefits.

The business plan should be innovative in Peppy's case since pizzerias are very common, thus, Pepe's Pizzazzeria must have a clear competitive advantage to face competitors.

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Because people prepare budgets, budget figures are often biased. Which of the following is true? a. When senior management sets
eduard

Answer: B

Explanation:

Budgetary slack is a cushion created in a budget by management to increase the chances of actual performance beating the budget. Budgetary slack can take one of two forms: an underestimate of the amount of income or revenue that will come in over a given amount of time, or an overestimate of the expenses that are to be paid out over the same time period. Budgetary slack is generally frowned upon because the perception is that managers care more about making their numbers to keep their seats and gaming the executive compensation system rather than pushing company performance to its potential. Managers putting a budget together could low-ball revenue projections, pump up estimated expense items, or both to produce numbers that will not be hard to beat for the year. It also provides flexibility for operating under unknown circumstances, such as an extra margin for discretionary expenses in case budget assumptions on inflation are incorrect, or adverse circumstances arise.

4 0
3 years ago
Rhonda is a procurement officer for the government and needs to hire a new plumbing company that she could pay a fixed price per
disa [49]

Answer:

competitive bid.

Explanation:

This is an example of competitive bid.

3 0
3 years ago
Small businesses can often provide more personalized customer service than bigger rivals.A. trueB. False
AnnZ [28]

Answer: True.

Explanation:

Personalized services are services that are flexible in delivery and can change with individual preferences.

Smaller businesses find it easier to render customised services to their customers, because their customers are fewer and they are eager to get more, which makes them to put in extra effort, in satisfying each customer.

Bigger businesses have a larger customers population and has a difficulty most times in totally satisfying their every needs.

4 0
3 years ago
Luther Industries currently has 5 million shares outstanding and its stock is currently trading at $40 per share. Assuming Luthe
aliya0001 [1]

Answer:

The Luther's new share price is closest to $16

Explanation:

For computing the new share in case of the stock split, first we have to find out the value of total share which is shown below:

Value of share = Outstanding number of shares × price per share

                        = 5,000,000 × $40

                        = 200,000,000

Now we find out the outstanding shares after the stock split which equal to

= Value of share × stock split ratio

=5,000,000 × 5 ÷ 2

= 12,500,000

Then, compute the new share price which is equal to

= Value of shares ÷ stock split outstanding shares

= 200,000,000 ÷ 12,500,000

= $16

Hence,  Luther's new share price is closest to $16

6 0
4 years ago
Adam was explaining security procedures to new interns at his firm. It was difficult for the interns to understand what Adam was
RSB [31]

Incomplete question. The options;

A) Incorporate activities that directly involve the audience.

B) Explain how the information will help the audience.

C) Avoid jargon.

D) Compare unfamiliar concepts to familiar concepts.

Answer:

<u>C) Avoid jargon.</u>

Explanation:

Note, the term <em>"jargon"</em> basically refers to the use of highly complex or technical language in communication.

In this scenario, we observed that Adam did not take into consideration that the interns were<em> unfamiliar</em> with the complex terms he was using. Hence, an effective strategy he could have used in the above situation was to totally avoid the use of jargon in his communication with the interns.

5 0
3 years ago
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