Explanation:
1. Buy insurance: Though insurance is an expenses, it safe guards you and yours business from huge loss.
2. Income from multiple sources: Always do not depend on single income. Make sure that income comes from multiple sources so that you can make your business alive.
3. Have a savings: Entrepreneurs should save money as how much as they can. We cannot know when there will be a profit and when there is a loss. We can only forecast to a particular extent.
4. Limits on Loan: Keep your loans manageable: Do not step into huge loans where it will be difficult for you to manage when there is a sudden lose.
Answer:
IT personnel
Explanation:
Analytics softwares are ussally used for processing, analyzing and modelling big data (e.g. imagine a data table with billion rows and columns) to create insightful reports and dashboards for decision making purposes. So, IT professionals would mostly likely utilize this type of software to complete their data-related tasks.
Answer:
e. $ 350,000
Explanation:
Given: Total number of units= 10000.
Selling price= $60 per unit.
The material cost= $10 per fan
Labor cost= $15 per unit.
Promotion and marketing cost= $100000.
Facility expense= $80000.
Other overhead cost= $20,000.
Now, finding the variable cost of fan.
Variable cost= 
Variable cost= 
⇒ Variable cost= 
∴ Variable cost= $250000.
Selling price= 
∴ Selling price of fan is $600000.
Unit contribution= 
Next find the unit contribution of each fan.
⇒ Unit contribution= 
∴ Unit contribution of each fan is $350000.
A company's product is taking market share from another product in the same company. this process is known as Cannibalization.
<h3>What is Cannibalization in business?</h3>
In business, the phenomenon of Cannibalization occurs when a product that a company makes ends up taking the market share of another product that the same company makes.
The product that does the taking of market share is often a new product that has better qualities and so is sought after by the customers of the same company.
Find out more on product cannibalization at brainly.com/question/17772125
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Answer:
A As time goes on and your bank account grows, you earn more interest.
Explanation:
A compound interest-earning account adds the interest it has earned in a particular period to the principal amount. This results in the principal amount increasing by the amount of interest earned in the period. Therefore, for compound interest, the principal amount is bigger at the beginning of every year.
In practice, interest is calculated based on the principal amount. If the principal amount is higher every period, the interest earned will also go up every year.
