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Snowcat [4.5K]
3 years ago
6

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 <u>understand what are resources.</u>

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

<em>In a business there are many resources that you need to function.</em>

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

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

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

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

You need the time to do all of these things.

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

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

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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Moving truck makes the displacement of (180m) toward east in period of(9.0s). What is the average velocity of the truck?someone
makvit [3.9K]

Answer:

20m/s due east

Explanation:

Given parameters:

Displacement  = 180m due east

Time taken = 9s

Unknown:

Average velocity of the truck  = ?

Solution:

The average velocity is the displacement divided by the time taken;

   Average velocity  = \frac{displacement}{time}  

Insert the parameters and solve;

 Average velocity = \frac{180}{9}   = 20m/s due east

6 0
3 years ago
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Tomas earned $89 in interest on his savings account last year and has decided to leave the $89 in his account this coming year s
mamaluj [8]

Answer:

compound interest

Explanation:

compound interest is a practice where the interest earned qualifies to earn more interest. Compound interest is offered on some savings accounts. The interest earned every  year is not withdrawn but is added to the principal amount. The principal amount increases at the beginning of every period.

The act of adding interest to the principal, which results in interest earnings on interest, is known as compound interest. Accounts that offer compounding interest are preferred to simple interest accounts. A saved amount in a compound interest account will grow faster as the principal amount will increase every year.

7 0
3 years ago
The budgeted income statement does not rely on information from the ______ budget.
Marta_Voda [28]

The budgeted income statement does not rely on information from the production budget.

<h3>What is a budgeted income statement?</h3>

The expected profit, revenue, and expenses for the upcoming year or months are listed in a budgeted income statement, which is a financial report. Its purpose is to assist businesses in future planning, better decision-making, and resource allocation.

All of the line categories seen in a typical income statement are included in the budgeted income statement, but it is an estimate of what the income statement would look like in future budget periods.

The budgeted income statement makes it easier to compare planned and actual income and expense components at the end of the month. It aids in evaluating the efficiency of the company's financial planning procedure.

To learn more about production budget refer to:

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1 year ago
If the price elasticity of demand for apples is 1.20 (absolute value), then the demand is _____ and total revenue will ______ if
Ludmilka [50]

Answer:

The correct answer is: price elastic; increase.

Explanation:

The price elasticity of demand for apples is 1.2.  

This implies that the demand relatively prices elastic.  

Elastic demand means that a proportionate change in the price of apples will cause more than proportionate change in the quantity demanded.  

A decrease in the price of apples will cause its quantity demanded to increase by more than proportionate. This will cause total revenue to increase.

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3 years ago
You pay $5,500 per year for insurance on your building. Fire damage caused $15,000 in repairs. The insurance company paid for th
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Based on the amount you pay now and the increase in insurance premiums, your annual insurance costs next year would be $6,325.

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The annual cost of insurance refers to the amount that is paid in premiums in a year.

That cost is currently $5,500 but will increase by 15%.

= Current insurance cost x ( 1 + rate of increase)

Solving gives:

= 5,500 x ( 1 + 15%)

= $6,325

Find out more on insurance cost at brainly.com/question/4953989.

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