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3 years ago

What is the need of entrepreneurship

Business

1 answer:

zalisa [80]3 years ago

5 0

Answer:

Entrepreneurship is important, as it has the ability to improve standards of living and create wealth, not only for the entrepreneurs but also for related businesses. Entrepreneurs also help drive change with innovation, where new and improved products enable new markets to be developed

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Which of the following is a difference between goods and services? a. Goods are not protected by patents, whereas services are p

amm1812

Answer:

B. Goods are tangible whereas services are intangible.

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2 years ago

The nature of the tax system means that there is usually a trade-off between ___ and ___.

IgorC [24]

Answer:

<u>equity and efficiency</u>

Explanation:

Under the tax system there is no tax on losses. And also the losses can be carried forward and set off to profits in future.

When profits are earned the taxes are paid. After that the remaining profit is either distributed to equity or retained for future purposes.

The more efficiently the company works, higher will be the profit and higher will be the taxes.

As profit is for equity, and from that share the amount is given to tax authorities, which is some part of income, share of equity to tax.

Though it does not provide for right in company, but it is legal to pay the tax.

That is the price you pay for increasing or decreasing efficiency, in the form of income available for equity.

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3 years ago

Adong's Fishing Products is analyzing the performance of its cash management. On average, the firm holds inventory for 65 days,

tatuchka [14]

Answer:

A. $45

B. $80

C. $8,167

Explanation:

(a) Calculation to determine the firm's cash conversion cycle

Cash conversion cycle=$65 +$15 – $35

Cash conversion cycle=$45

Therefore the firm's cash conversion cycle is $45

(b) Calculation to determine the firm's operating cycle

Operating cycle =$65 +$15

Operating cycle=$80

Therefore the firm's operating cycle is $80

(c) Calculation to determine the daily expenditure and the firm's annual savings if the operating cycle is reduced by 15 days

First step is to calculate the Daily expenditure

Daily expenditure =$1,960,000/360

Daily expenditure=$5,444.44

Now let determine the Annual savings

Annual savings =$5,444.44 *15*0.10

Annual savings=$8,167

Therefore the daily expenditure and the firm's annual savings if the operating cycle is reduced by 15 days will be $8,167

5 0

3 years ago

Market failure associated with the free-rider problem is a result of.

julia-pushkina [17]

Market failure associated with the free-rider problem is a result of benefits that accrue to those who don't pay.

<h3>What is market failure?</h3>

Market failure refers to a situation when there's an inefficient distribution of resources in the market.

Market failure occurs when the free market does not distribute resources efficiently. This leads to rational outcomes for the group as a whole.

Hence, market failure associated with the free-rider problem is a result of benefits that accrue to those who don't pay.

Learn more about market failure here : brainly.com/question/368647

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2 years ago

Rubin, a freelance software developer, has a meeting with an independent bakery owner to discuss a potential project. Before mee

Harman [31]

Answer:

Explanation:

Communication encompasses all the processes of transmitting information from one person to another.

In order to effectively communicate, one must analyse their audience to ensure that the message is effectively communicated.

6 0

3 years ago

What is the need of entrepreneurship​

What is the need of entrepreneurship