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3 years ago

What must an entrepreneur assume when starting a business??

2 answers:

4 0

An entrepreneur must assume the fact that clever market strategies may still fail to sell a product when starting a business.

<h2>Further Explanation: </h2><h3>Entrepreneurship </h3>

Entrepreneurship is the process of identifying a business opportunity or a gap and then coming up with ways and means to fill the gap. It involves coming up with ideas or means of achieving set goals by an individual.
Entrepreneurship involves taking risk by investing resources such as finances, time, labor and other factors required with an aim of making profit as a reward. It may involve creation or production of goods and services or filling the gap between producers and consumers.

<h3>Entrepreneur </h3>

An entrepreneur is the person who identifies a business opportunity and takes a risk to invest his resources with an aim of making profit as a reward. An entrepreneur creates new methods or ways to satisfy the consumer need thus closing an existing gap in the market.
An entrepreneur comes up with a process to utilize available resources and technology to achieve certain set goals such as production of goods and services to add value to the economy while at the same time making profit and benefiting the society.

<h3>Characteristics of an entrepreneur </h3>

1. Creativity

For an entrepreneur to succeed he/she should always think of new ideas and better methods of doing things.

2. Future-oriented

An entrepreneur is always looking at the future of his/her business. They always work to achieve certain set objectives and they know what exactly the want to achieve.

3. Flexibility

4. Persuasive

5. Passionate about their businesses

6. Risk taker

7. Good decision makers

8. Resourceful

9. Ability to solve problems, etc.

Key words: Entrepreneur, entrepreneurship

<h3>Learn more about </h3>

Entrepreneur: brainly.com/question/8358477
Advantage of Entrepreneurship: brainly.com/question/11426542

Level: High school

Subject: Business

Topic: Entrepreneurship

yulyashka [42]3 years ago

3 0

That clever market strategies may still fail to sell a product

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Exercise 14-04 a-c Bonita Company reports the following costs and expenses in May. Factory utilities $16,000 Direct labor $72,70

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Answer:

Factory Overheads $182,420

Manufacturing overhead $ 396,820

Product costs $396,820

Period costs $ 75,720

Explanation:

Bonita Company

Direct materials used 141,700

Direct labor $72,700

Factory Overheads $182,420

Factory utilities $16,000

Depreciation on factory equipment 14,250

Property taxes on factory building 2,600

Indirect factory labor 53,500

Indirect materials 85,000

Factory repairs 2,970

Factory manager’s salary 8,100

Manufacturing overhead $ 396,820

Product costs $396,820

Advertising 15,600

Office supplies used 3,420

Sales salaries 50,000

Depreciation on delivery trucks 4,900

Repairs to office equipment 1,800

Period costs $ 75,720

Manufacturing Costs are costs used in the manufacture of products.

Product Costs = Direct materials + Direct Labor + Manufacturing Overheads

Period Costs include Marketing and Selling Expenses , Administrative Expenses.

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3 years ago

Prepare a narrated PowerPoint presentation that will highlight the following items.

vladimir2022 [97]

Answer:

I don't know

Explanation:

Prepare a narrated PowerPoint presentation that will highlight the following items.

a. Your calculations for the amount of property, plant, and equipment and the annual depreciation for the project

b. Your calculations that convert the project's EBIT to free cash flow for the 12 years of the project.

c. The following capital budgeting results for the project:

1. Net present value

2. Internal rate of return

3. Discounted payback period.

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3 years ago

Pera Inc. wishes to issue new bonds. These are 5-year bonds with semi-annual interest; $1,000 par value, and a yield to maturity

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Answer:

coupon rate= 13.5%

Explanation:

Giving the following information:

Number of periods= 5*2= 10 semesters

Par value= $1,000

YTM= 0.1/2 = 0.05

Price bond= $1,136

<u>To calculate the coupon rate, first, we need to determine the coupon per semester using the following formula:</u>

Bond Price= coupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

1,136 = coupon*{[1 - (1.05^-10)] / 0.05} + [1,000/(1.05^10)]

1,136 = coupon*7.722 + 613.91

522.09 = coupon*7.722

$67.61=coupon

<u>Now, the coupon rate:</u>

Coupon= par value*(coupon rate/2)

67.61= 1,000*(coupon rate/2)

67.61= 500coupon rate

0.135=coupon rate

coupon rate= 13.5%

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3 years ago

Some large hardware stores such as home depot boast of carrying as many as 20,000 different products in each store. this volume

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True, because producer decisions are motivated by the attempt to earn profits.18. Consider the following statement: “Competition is the disciplinarian of the market economy.”This statement istrue, because when producers face competition they are driven to provide goods and services at the lowest possible cost.19. Some large hardware stores such as Home Depot boast of carrying as many as 20,000 different products in each store. This volume of goods is the result ofthe choice of consumers regarding what to purchase to satisfy their wants and the choice of producers regarding what to produce to maximize profits.

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3 years ago

In a business-to-business transaction, the seller offers the buyer a 2 percent discount for paying a bill early. Assuming the us

chubhunter [2.5K]

Assuming the user took advantage of this offer, the amount that would be discounted on a $10,000 invoice is: $200.

<h3>Discounted amount </h3>

Using this formula

Discounted amount =Discount rate× Invoice

Let plug in the formula

Discounted amount=2%×$10,000

Discounted amount=$200

Therefore assuming the user took advantage of this offer, the amount that would be discounted on a $10,000 invoice is: $200.

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1 year ago