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3 years ago

What resources are required to have a successful business?

Business

2 answers:

Levart [38]3 years ago

8 0

Answer:

Labour - Finances - Time...

Explanation:

That is a very good question.

To start off, it is useful to understand what are resources.

Resources are assets that are required for you to function. (e.g. money)

In a business there are many resources that you need to function.

Think off owning a bookshop. Ask yourself, what do I need?

I need money, I need a place to display my books, I need books, I need people... These are resources you need to be successful.

Now, going back to my above answer: Labour, finances and time. These are a few resources you need to succeed. You need labour - people - to set up the business, manage the business, serve customers...

You need finances to set up the legalities of starting up a business. You need finances to buy materials, machinery (if it is a production business), stocks...

You need the time to do all of these things.

Lastly, I have purposefully, gave three resources for the answer. For sure there are more, though I want to keep the options you for open to add

as you see necessary. With no doubt the answer is incomplete, but I want to provoke you to right have your answer.

I hope the answer is clear.

schepotkina [342]3 years ago

7 0

Answer:

work nice be success in your life I don't know answer

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THREE government regulations that guides the establishment and operation of a business.

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Labor, privacy, and health

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2 years ago

In response to threats from such companies as Amazon, established manufacturers and retailers became "brick-and-click" oriented

docker41 [41]

Answer:

Re-intermediation

Explanation:

Re-intermediation is the method applied by most businesses in using the internet to bring together new customers for a business. The advent of technology can afford business owners the possibility of eliminating physical intermediaries in a business. For example, house agents help people who are seeking for new places to live in, find houses easily. Through the internet, however, landlords can directly advertise their vacant houses, thus eliminating the agent relationship which would have served as an intermediary.

So, when established manufacturers by-pass Amazon (which is an intermediary between buyers and sellers) by adding online services to their existing offerings, they have done a re-intermediation.

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3 years ago

What is the expected value when a $1 lottery ticket is bought in which the purchaser wins exactly $10 million if the ticket cont

Nadusha1986 [10]

We expect to lose $0.37 per lottery ticket

Explanation:

six winning numbers from = { 1, 2, 3, ....., 50}

So, the probability of winning:

$P(win) = \frac{ no of favorable outcomes}{no of possible outcomes}$

$P(win) = \frac{1}{^5^0C_6} \\\\P (win) = \frac{6! X (50 - 6)!}{50!} \\\\P(win) = \frac{6! X 44!}{50!} \\\\P(win) = \frac{1}{15,890,700}$

The probability of losing would be:

P(loss) = 1 - P(win)

$P(loss) = 1 - \frac{1}{15,890,700} \\\\P(loss) = \frac{15,890,699}{15,890,700}$

According to the question,

When we win, then we gain $10 million and lose the cost of the lottery ticket.

So,

$10,000,000 - 1 = $9,999,999

When we lose, then we lose the cost of the lottery ticket = $1

The expected value is the sum of the product of each possibility x with its probability P(x):

E(x) = ∑ xP(x)

$= 9,999,999 X \frac{1}{15,890,700} + ( -1 ) X \frac{15,890,699}{15,890,700} \\\\=- \frac{5,890,700}{15,890,700} \\\\= - \frac{58,907}{158,907} \\\\= - 0.37$

Thus, we expect to lose $0.37 per lottery ticket

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3 years ago

Under the flsa, what information concerning employees' wages earned must be maintained by the employer?

Ksju [112]

Under the FLSA, information concerning employees’ wages must be maintained by employer such as having to pay during the payroll period, the proper total additions to or deductions from wages should be followed and the amount and nature of the exempt pay should be followed correctly.

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3 years ago

Which of the following sections of a business plan comes first but should be written last?

8090 [49]

Answer:

B. Executive Summary

Explanation:

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3 years ago