Answer:
The correct answer is a. Small firms produce two-and-a-half times as many innovations as large firms relative to the number of persons employed.
Explanation:
SMEs have enormous advantages in terms of innovation compared to large companies because their size gives them dynamism, greater internal flexibility and responsiveness to changing circumstances.
However, some barriers they encounter are the difficulty of financing, the lack of specialists or the lack of resources.
Answer:
where the funds to start and operate your business will come from, when you expect to see profit, and how much profit you expect to see.
Explanation:
Answer:
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Consumer decision making is a process that has 5 steps. The first step is the consumer recognition of the need they need to satisfy. It is termed as the basic step since one cannot look for money to satisfy a need that they have not first recognized.
Answer:
3. ending work in process is less than the amount of the beginning work in process inventory.
Explanation:
As we know that
Manufacturing cost = Cost of Goods Manufactured - Direct Labor - Direct Materials Used + Ending balance of Work-in-Process Inventory - the Opening balance of Work-in-Process Inventory
And, the Manufacturing cost involves both cost i.e direct material and direct material used
If the cost of goods manufactured more than the total manufacturing costs, so automatically ending WIP inventory should be less then the beginning WIP inventory
