All categories

2 years ago

can someone who owns a successful business give me inspiration on achieving to be a successful business owner

Business

1 answer:

ziro4ka [17]2 years ago

8 0

Answer: Have a sellable plan, be innovative & consistent

Explanation:

There are some things to consider that would guide you on a successful part in any venture you going into.

1) Have a plan, a sellable one; people would only buy what they need, so going into business, are you selling what they need or what you feel like doing?

2) Be innovative; innovation is one item that keeps you in market above others for a long time, if you can't be innovative, you'll leave the market earlier than you would ever imagined.

3) Be consistent; doing business is really hard, especially when you intend succeeding. You have to be consistent both in good and bad days, the result of these speaks over time.

You might be interested in

g The fundamental limitation of a matrix structure is that it ________. A. introduces more errors in the decision-making process

kvasek [131]

Answer:

The correct answer is the option B: Institutes a dual hierarchy that violates the unity-of-command principle.

Explanation:

To begin with, in the business management field the concept known as "Matrix structure" or matrix management as well is refered to the dynamic way of organizating the company that has the characteristic of having the employees of the business answering directly to two or more superiors of leaders instead of just one. Therefore that in this type of organizational structure sometimes the matters of certain departments tend to interfere or collide with the objectives of others. That is the main reason why it does violates the principle of unity-of-command described in the organizational theory.

8 0

3 years ago

How does the automated system improve the effciency andvtimeliness of financial statements

Pavlova-9 [17]

Everything in life......................!

8 0

3 years ago

Suppose that the four firms are colluding by acting like a monopolist, with each firm producing one-fourth of the market output.

eduard

Complete Question

The complete question is shown on the first uploaded image

Answer:

the correct answer is (b) decrease from $16 to $14

Explanation:

In order for profit to be maximized by a monopolist quantity produce will be MR = MC

from above graph MR = MC when Quantity = 8. As they are all producing equal portion of market output Hence Each firm will produce Q = 8/4 = 2 units.

When Market quantity = 8 then price they are getting = 12 per unit (From demand curve)

As there is no fixed cost and MC is constant => Total variable cost = MC*Q = 4Q

=> Total cost(TC) = Total fixed cost + total Variable cost = 0 + 4Q = 4Q

Total revenue = Price * quantity = PQ = 12Q

Hence Profit = 12Q - 4Q = 8Q and as Q = quantity per firm = 2

=> Profit they are earning = 8*2 = 16.

Now Suppose one firm cheats and hence now total quantity produces and sold = 2*3 + 3 + 9.

When Market quantity = 9 then price they are getting = 11 per unit (From demand curve).

Now, Profit = TR - TC = 11Q - 4Q = 7Q and Q remains same for those firms who didn't cheat.

So, Now profit = 7Q = 7*2 = 14.

Thus, If one of the firms cheats on the cartel agreement and produces an additional unit of output, the profits of each of the non cheating firms will decrease from $16 to $14.

5 0

3 years ago

The priorities of a message's targeted audience:_______.a. should be considered only during the drafting stage. b. should not de

klasskru [66]

Answer:

The correct answer is E. tend to shift more often than values.

Explanation:

The power of segmentation of the target audience in digital marketing plays a very important role in the process of understanding it better. While this segmentation strategy allows you to better customize the content you want to target for specific audiences. The more you can segment your audience, the better and more effective your sales strategy will be. Based on the latter, because it can be an infinite number of segments, we will talk about four types of classic segmentations.

7 0

3 years ago

Seth Goldman makes clear that innovation is essential for a small company to break into the packaged beverage market. In what wa

Taya2010 [7]

Answer:

The correct alternatives are:

- Establish a cross-functional team with members from research, manufacturing, and marketing departments to guide a new product’s development from beginning to end.

- Make sure technical employees are aware of the latest technological innovations and engage in cross-functional discussion about how they could be used to achieve competitive advantage.

- Have employees in marketing communicate customer feedback to employees in research so that people in research work to solve customers’ problems.

Explanation:

All alternatives are correct and are effective for the innovation process in a company. The only wrong alternative is to <em>organize the company with a centralized structure using functional departments and reward short-term results</em>. This is incorrect because centralization in an organization is related to centralized decision making at the top of hierarchical functions.

3 0

3 years ago

can someone who owns a successful business give me inspiration on achieving to be a successful business owner​

can someone who owns a successful business give me inspiration on achieving to be a successful business owner