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2 years ago

The act of starting and creating a business on one's own is called?

Business

2 answers:

Verdich [7]2 years ago

4 0

Answer:

The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.

lilavasa [31]2 years ago

3 0

Answer:

Entrepreneurship is the act of starting or creating a business or businesses whilebuilding and scaling it to generate a profile.

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A company buys equipment for $48,000, expects to use it for ten years, and then sell it for $6,000. using the straight-line meth

Vesnalui [34]

Using the straight-line method, the company should report annual depreciation for the equipment of $4,200.

Given,

A company buys equipment for $48,000 expects to use it for ten years, and then sell it for $6,000

The formula to calculate annual depreciation is given below-

Annual depreciation = (Original cost - salvage value) / Estimated life(years)

Annual depreciation = ($48,000 - $6,000) / 10

Thus, annual depreciation = $4,200

A standard yearly rate at which depreciation is charged to a fixed asset is called annual depreciation. Thus, to calculated depreciation the straight-line method is used. Where you need to subtract the asset's salvage value from its cost.

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2 years ago

A blue ocean type of offensive strategy: Select one: a. Refers to initiatives by a market leader to steal customers away from un

frez [133]

Answer: A blue ocean type of offensive strategy involves abandoning efforts to beat competitors in existing markets but instead invest a new market segment or industry whereby existing competitors are irrelevant and one which allows a company to create and capture nee demand (Option C)

Explanation:

Blue ocean strategy is the pursuit of differentiation and low cost by firms in order to create a new market space and demand. Blue ocean strategy is about the creation and making use of uncontested market space, which therefore makes competition irrelevant.

Blue ocean strategy are used for industries that are not in existence today, industries that tap the unknown market space and are untainted by competition. The blue oceans gives room for growth as demand is created and not fought for. A blue ocean strategy describes the wider potential and benefits to be enjoyed when an unexplored market is explore.

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2 years ago

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You are a Marketing Director for a cruise line. Which operates Luxurious Ships, with excellent service and cuisine, how would yo

netineya [11]

One can identify the most promising distributors by:

Looking at their credit history and others to check their Financial stability Also examine their size in terms of outside and inside sales power, selling skills, competence and others to know their Sales and marketing strength.
Evaluate their past sales history in terms of same or similar cuisines to know their Sales performance and then rate them in their order of importance,

<h3>How do one evaluate Potential Distributors?</h3>

This is done by;

Lookin for their Financial stability through credit history, being timely in payments, and others.
Looking their Sales and marketing capabilities.
Looking at their service delivery and Sales performance.

Note that One can identify the most promising distributors by checking their credit history and examine of all their past sales history to be able to tell their Sales performance.

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2 years ago

Risk can be thought of as the possibility of incurring??

tia_tia [17]

Answer:

Risk can be thought of as the possibility of incurring a loss.

Explanation:

Loss.

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2 years ago

"The Lucas critique by itself casts doubt on the ability of discretionary stabilization policy to be beneficial." Is this stat

Helen [10]

Answer: True

Explanation:

The Lucas critique points out that expectation has effects on how policy affects inflation and output which makes creating beneficial policy difficult.

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2 years ago

The act of starting and creating a business on one's own is called?​

The act of starting and creating a business on one's own is called?