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3 years ago

How important is a business plan?

Business

2 answers:

zubka84 [21]3 years ago

8 0

Answer: Hewo, There! your Answer is Below

A business plan is a very important and strategic tool for entrepreneurs.

the purpose of a business plan is to help articulate a strategy for starting your business.

Explanation:

Hope this Helps you!!

Have a great day!!

A good business plan not only helps entrepreneurs focus on the specific steps necessary for them to make business ideas succeed

Agata [3.3K]3 years ago

5 0

Answer:

Hey mate.....

Explanation:

This is ur answer.....

Whether you're starting a small business or exploring ways to expand an existing one, a business plan is an important tool to help guide your decisions. Think of it as a roadmap to success, providing greater clarity on all aspects of your business, from marketing and finance to operations and product/service details.

Hope it helps!

Brainliest pls!

Follow me! ;)

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Highway 55 Studios has budgeted the following amounts for its next fiscal year: Total fixed expenses $ 1 comma 980 comma 000 Se

faust18 [17]

Answer:

Contribution per unit = Selling price - Unit variable cost

= $70 - $10 = $60

Break-even sales in units = Fixed cost

Contribution per unit

= $1,980,000

$60

= 33,000 units

If fixed cost reduced by $49,500, new fixed cost will be $1.930,500

33,000 = $1,930,500

$70 - VC

33,000(70 - VC) = $1,930,500

2,310,000 - 33,000VC = $1,930,500

2,310,000 - $1,930,500 = 33,000VC

379,500 = 33,000VC

379,500 = VC

33,000

VC = $11.50

Increase in variable expenses per unit

= $11.50 - $10 = $1.50

Explanation:

In this case, we need to determine the break-even point in units, which is fixed cost divided by variable expenses per unit. If total fixed expenses reduced by $49,500, the new total fixed expenses will be $1,930,500. Then, we will equate the break-even point in units to the new fixed cost divided by contribution per unit, which is selling price minus variable expenses per unit. Since break-even point in units, new fixed cost and selling price were known with the exception of variable cost, variable cost becomes the subject of the formula. The old variable expenses will be deducted from the new variable expenses so as to obtain increase in variable expenses per unit.

7 0

4 years ago

Stu purchased six put options on XY stock with a strike price of $45 and an option price of $2.60 per share. The option expires

marta [7]

Answer:

$100

Explanation:

A put option gives you the right to sell a stock at a specific strike price. In this case, the strike price is $45 per share and the market price of each share is $41.40.

The profit made with this investment = [($45 - $41.40) - $2.60] x 100* = $ x 100 = $100.

*Each option consists of 100 shares.

3 0

4 years ago

Jamie is a manager in an industry that has a few large players and that has remained relativelystable over the past few years. H

QveST [7]

Answer: (A) Many new competitors

Explanation:

The many new competitors is the basically refers to the rival in the business or the same type of industry that selling the similar types of products and the services in the market.

Due to the new competitors in the market the level of the competition become increase as they sell the similar goods and the services at low price.

According to the given question, Jamie is the company manager and he investigate that the legislator propose the various types of new laws for deregulate the marketing industry.

Therefore, based on the given scenario, Jamie is facing the many new competitors in the market.

6 0

4 years ago

The jackson family is undecided about whether or nara buy a new car of the

ICE Princess25 [194]

The question is incomplete. The complete question is :

The Jackson family is undecided about whether or not to buy a new car. If the probability is .9 that they will buy one, and if the probability is .3 that they will buy a Ford, and if the probability is .4 that they will purchase a car getting more than 20 miles per gallon, what is the probability that they will buy either a car getting more than 20 miles per gallon or a Ford, if all Fords get more than 20 miles per gallon?

Solution :

Given that :

The probability of buying a new car, $P(NC) = 0.9$

Probability of buying Ford = 0.3

That is, if Jackson family buy a car that is a ford car, $P(F) = 0.9 \times 0.3$

= 0.27

The probability for getting more than 20 miles per gallon = 0.4

That is if Jackson family buy a car that have more than 20 miles per gallon mileage, $P(20) = 0. 9 \times0.4=0.36$

The conditions

All of the car have more than 20 miles per gallon mileage.

It means that buying a ford car is subset of getting more than 20 miles per gallon.

$P(20 \text{ miles per gallon}\ \cap \ \text{Ford})=P(F)$

Therefore, the probability of buying a car either getting more than 20 miles per gallon or ford = $P(20 \text{ miles per gallon}\ \cup \ \text{Ford})$

Therefore,

$P(20 \text{ miles per gallon}\ \cup \ \text{Ford})=P(20) + P(F) - P(20 \text{ miles per gallon }\cap \ \text{Ford})$

$P(20 \text{ miles per gallon}\ \cup \ \text{Ford})=P(20) + P(F) - P(F)$

$P(20 \text{ miles per gallon}\ \cup \ \text{Ford})=P(20)$

= 0.36

Thus the probability that Jackson family is buying a car either getting more than 20 miles per gallon or ford is 0.36

3 0

3 years ago

Suppose you buy a put option contract on October gold futures with a strike price of $1200 per ounce. Each contract is for the d

lyudmila [28]

Answer:

Strike price of October gold future = $1,200 per ounce

The exercise price = $1,180

To calculate the amount that will help the investor to decide about the position

Amount added to margin = (Strike price - Future price) * Delivery if each contract

Amount added to margin = ($1,200 - $1,180) * 100

Amount added to margin = $20 * 100

Amount added to margin = $2,000

Therefore, the amount of $2,000 is received. The investor has short position on future contracts to sell 100 ounces of gold in October.

7 0

3 years ago

How important is a business plan?​

How important is a business plan?