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3 years ago

Which of the following is an common factor of failure for small businesses

Business

1 answer:

Alex777 [14]3 years ago

6 0

A few of the following can be considered major factors in failure of small businesses:

-Lack of financial planning: when a business is born it needs to critically plan out the first few years of running. Small business often fail to plan out for the future and have less working capital at hand.

-Lack of expertise: small business cannot afford specialist managers and this may be a reason for failure

-no investment in marketing and research can also be a reason.

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Larkspur, Inc. reports net income of $91,800 in 2022. However, ending inventory was understated $7,800. What is the correct net

dezoksy [38]

Answer:

$99,600

Explanation:

If the ending inventory was understated that means that they have less of the inventory than they had originally expected, this means that they sold more than they have calculated and therefore have not included the $7,800 in the net income. Therefore, we would need to add this amount to the actual reported net income to get the correct net income for 2022...

$91,800 + $7,800 = $99,600

The correct net income for 2022 is $99,600

3 0

3 years ago

Gary has just purchased a beer distributorship. He wants to increase the visibility of his firm in local markets, but he knows t

just olya [345]

<u>Answer:</u>

The first thing Gary should do is to "identify issues that need to be addressed".

<u>Explanation:</u>

Establishing business in the field of Alcoholic beverages, smoking materials, nicotine content products etc, is looked after from two dimensions by market: one who need it and the other who oppose it. The regulation of such business ideas in market or society is only acceptable when issues or barriers are rectified legally to overcome situation.

Such products should be promoted only after getting license from specified authorities, following the rule of packaging, labeling products according to rules and regulation which carry all mandatory information like composition, merits and demerits of using, warnings: regarding allergy, price, manufacturing and expiry dates etc.

8 0

3 years ago

Applying Overhead to Jobs, Costing Jobs Jagjit Company designs and builds retaining walls for individual customers. On August 1,

k0ka [10]

Answer:

Job 93 Job 94 Job 95 Job 96

1. Labor Hours 120 300 145 50

2. Overhead applied rate $906 $2,400 $1,160 $400

Explanation:

Labor rate per hour = $18

Labor hours = Total Labor cost / rate per hour

Job 93 = $2,160 / $18 = 120 hours

Job 94 = $5,400 / $18 = 300 hours

Job 95 = $2,610 / $18 = 145 hours

Job 96 = $900 / $18 = 50 hours

Overhead applied rate = Labor Hours x overhead applied rate

Job 93 = 120 x $8 = $960

Job 94 = 300 x $8 = $2,400

Job 95 = 145 x $8 = $1,160

Job 96 = 50 x $8 = $400

3 0

4 years ago

Henry has attempted to jog 4 days a week for several months but has not been successful; however, he continues to express desire

bearhunter [10]

He is in behavioural change

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3 years ago

Kentucky Fried Chicken (KFC) suffered a major chicken sales decrease in Hong Kong immediately after running the Chinese version

ehidna [41]

Answer:

Explanation:

To building multinational flexibility, you must need the ability to manage risk and exploit opportunities arising from the diversity and volatility of the global environment.

You must understand and manage different forms of risk. Scan and respond to discontinuities in global environment. Also to select most attractive markets.

Localization pressures. There are:

-trade barries

-differences in technical standards

-unique distribution channels

-cultural differences (that impact product use)

-strong local/national

7 0

3 years ago