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Sveta_85 [38]
3 years ago
12

Once Arnold Patel had decided he wanted to quit working as a Web designer for a large advertising agency and go into some kind o

f business for himself, he did a self-assessment, which indicated that he had an entrepreneurial spirit. His next step will be to: Group of answer choices determine where the funding will come from look for customers create a business plan find the idea for his business choose a form of business organization
Business
1 answer:
Orlov [11]3 years ago
5 0
The correct answer is letter "E": find the idea for his business.
Explanation:
There are no set of steps or books that could determine when entrepreneurs could start a business or not. Most ventures are engaged by recognizing an opportunity and matching it with strengths individuals have that could make the plan work. Proper assessment and partnership are vital in this stage for the venture not to be affected by the initial challenges of entering into a market.
If Arnold has found he has an entrepreneurial spirit, then, he should spot different opportunities in the market for him to take one and develop a business idea.
You might be interested in
Suppose that the price of a cupcake is $4. At this price, 50 cupcakes will be demanded. If the price rises to $5 per cupcake, co
Serggg [28]

Answer: fall by less than $50.

Explanation:

The options are:

• fall by more than $50.

• fall by less than $50.

• rise by less than $50.

• rise by more than $50.

Expert Answer

Consumer surplus, is referred to as the economic measure of the excess benefit that a customer gets. The consumer surplus is the difference between the amount that the customer is willing to pay and the amount that he or she eventually pays.

Based on the question, the total Price paid is: 50 × $4 = $200

Total Revised Price = 50 × $5 = $250

Therefore, there will be a fall by $50 that's ($250 - $200).

5 0
3 years ago
Economic theory​ is: A. the specification of a set of assumptions. B. a prediction about cause and effect. C. the development an
RSB [31]

Answer:

The answer is C. Development and use of model to test

hypotheses  

Explanation:

Economic theories are theories that explains economic phenomena and tries to create solutions to the identified economic  problems. They are comprehensive system of assumptions, hypotheses, definitions and instructions about what should be done in a certain economic situation.

Examples of Economic theories are

Classical economic theory

Keynesian theory

New Classical theory

New Keynesian theory

5 0
3 years ago
Why are the premiums for a PPO health insurance plan generally more expensive than those for an HMO Health Insurance Plan?
kkurt [141]

Answer:

A. PPO insurance plans offer a wider choice of primary care doctors and specialists.

Explanation:

7 0
3 years ago
Read 2 more answers
A company is planning to spend up to $10,000 on advertising. It costs $3,000 per minute to advertise on television and $1,000 pe
sergeinik [125]

Answer:

The company should hire 2 min in television and 3 min in radio.

Explanation:

This is a maximization problem. The first thing to do is to set the main equation given and to define the constrainsts. In this case the constraints are: 3x+1y ≤ 10, x ≥ 0, y ≥ 0 x and y are integers (since you only can hired entire minutes). An interation process with possible x,y combinations is the proper approach. If you do not use solver (Excel microsoft), you have to prove every x,y possible combination and visually identify the max outcome for revenues

6 0
4 years ago
Laura Cervantes is a currency speculator and she sells eight June futures contracts for 500,000 pesos at the futures price of 0.
Alecsey [184]

Answer:

500,000 Pesos (MXN) is the June Futures Contract

Number of Contracts Sold = 8

Initial Exchange Rate = 0.10773$ / MXN

Initial Position Value = 8 x 500000 x 0.10773

Initial Position Value = $430,920

i. Final Exchange Rate = $0.12002 / MXN

Final Position Value = 8 x 500000 x 0.12002 = $480,080

Net Position Value = 430920 - 480080 = - $49,160

ii. Final Exchange Rate = $0.09802 / MXN

Final Position Value = 8 x 500000 x 0.09802 = $392,080

Net Position Value = 430920 - 392080 = $3,884

8 0
3 years ago
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