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kenny6666 [7]
3 years ago
15

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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14. Suppose that the production of $1 million worth of steel in Canada requires $100,000 worth of taconite. Canada’s nominal tar
VMariaS [17]

Answer:

The effective rate of protection for Canada’s steel industry is 21%

Explanation:

The computation of the effective rate is shown below:

Steel percentage = (Production worth of steel) ÷ (Taconite worth)

                             = ($1,000,000) ÷ ($100,000)

                             = 10%

And the tariff rate for steel is 20%

And the taconite percentage is 10%

So, the effective rate would be equal to

= Tariff rate for steel + taconite percentage × steel percentage

= 20% + 10% × 10%

= 20% + 1%

= 21%

7 0
2 years ago
The state of Indiana charges a 6% sales tax on most consumer goods. Grant purchased a generator for $400 and paid an additional
faltersainse [42]

Answer:

the correct answer is

The $400 retail price of the generator.

good luck

8 0
3 years ago
The argument for import protection in developing countries to bring about industrialization differs from the infant-industry arg
Zigmanuir [339]

Answer:

D) it presumes there will be economic gains even if output does not become internationally competitive

Explanation:

The argument for import protection in developing countries to bring about industrialization differs from the infant-industry argument in that it presumes there will be economic gains even if the output does not become internationally competitive. International competitiveness is a step of the relative cost of services/goods from a nation. Countries that can provide a similar quality of goods at a cheaper cost are stated to be extra competitive.

4 0
2 years ago
Virtually every business has variable expenses, which move up and down in tight proportion with changes in sales volume or sales
TiliK225 [7]

Answer and Explanation:

Dynamic expenses are pointed to as operating expenses that are the production cost and important to run a business.

common example of the variable cost that depends on sales volume.

  • The cost of goods sold, that is the equivalent of goods sold to consumers.
  • Commissions charged from their selling to salespersons.
  • Fees charged by a company when a customer requires a credit or debit card.

so, we say that when a business increase or decrease their sale volume, their variable cost also gets affected.

3 0
3 years ago
Depreciation is an amortized expenditure<br><br> True or False
IRISSAK [1]
False i think maybe not
4 0
3 years ago
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