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USPshnik [31]
3 years ago
6

A business plan is a detailed written statement that describes the nature of the business, the target market, the advantages the

business will have over competition, and the resources and qualifications of the owner(s).
a. True
b. False
Business
1 answer:
Nastasia [14]3 years ago
7 0

Answer:

a. True

Explanation:

This statement is true, as the business plan is a document that contains all the detailed details of the business objectives, the actions necessary to achieve these objectives and goals.

An effective business plan will be one that will help to reduce the risks and uncertainties added to a business, helping to better position a new organization in the market. Included in the business plan are financial planning, marketing planning, operational planning and all the necessary steps for the company's activities to take place in an anticipated manner, increasing the potential of the organization.

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Continuing the analysis of Ginnie's Gym Refreshment Bar:
IrinaVladis [17]

The bundle prices for Hydration Power Drink and Satisfying Smoothie are given below.

<h3>What is Contribution Margin?</h3>

The contribution margin (CM), also known as the dollar contribution per unit, is the difference between the selling price and the variable cost per unit.

Because 100% is the best contribution margin, the closer the contribution margin is to 100%, the better. The greater the figure, the better a company's ability to meet its overhead expenditures with cash on hand.

The contribution margin =

Unit Margin (Profit) = Unit Revenue - Unit Variable Cost (Marginal Cost)

<h3>What is the bundle prices and Net Profit?</h3>

For Hydration Power Drink:

High 7 -1 = 6

Low: 6 - 1 = 5

Total = 11

For Satisfying Smoothie:

High: 10 -4 = 6

Low: 5-4 = 1

Total  = 7

High Bundle Price for both products:
6 + 6 = 12

Low Bundle price for both products:
5 + 1 = 6

From the above information, it is clear that the Bundle Price that will maximize profit is the High Bundle Price.

The product that will yield the most profit is: The Hydration Power Drink.

Learn more about bundle price:
brainly.com/question/23175408
#SPJ1

7 0
2 years ago
An example of global dependency is when products are produced and used in the same country? True or false
alexandr402 [8]

Hello there,

An example of global dependency is when products are produced and used in the same country?

Answer: False

8 0
3 years ago
5. Debit cards can be:
Molodets [167]
The answer to that question is letter D. hope this helps
5 0
3 years ago
Read 2 more answers
Based on the details of the scenario, determine what will most likely occur. Jillian and Chase are making a contract in which Ji
olga2289 [7]

Answer: Contract is voided

Explanation:

From the question, we are informed that Jillian and Chase are making a contract in which Jillian ships beaver pelts to Chase, who will then makes the pelts into hats to sell.

We are further told that a year into their contract, it becomes illegal to buy or sell beaver pelts in the United States. Based on the scenario explained, the contact will be voided.

A void contract is referred to as a formal agreement that cannot be enforceable and is not legitimate. Since it is illegal to either purchase or sell beaver pelts, it means that the context cannot be carried out anymore and should the be void.

3 0
3 years ago
Alicia is interested in purchasing a set of ear buds to use with her laptop and smartphone. She visits best buy and notices that
alex41 [277]

She decides to purchase the beats brand because she believes it’s a higher quality set. In this case, alicia has been influenced by the Informative effect of price.

<h3>Information effect of price.</h3>

Consumers tend to use the information about the price of a product to ascertain its Quality. The is basically because the perception of quality  is usually indicated by price.

Here, Alicia buying the beats brand even thogh it costs higher than the skullcandy model  shows that she is using the information effect of price making her to perceive the beats brand as having higher quality.

Learn more on Information effect of price: brainly.com/question/7930369

8 0
2 years ago
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