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Vikki [24]
2 years ago
9

Suzette's husband told her, "I admire your boldness, but I'm not sure that you should open that business. I've heard that entrep

reneurs are ______________." Suzette replied, "That's a common myth. In fact, entrepreneurs take very careful, calculated risks and are not afraid to act on those decisions."
Business
1 answer:
Nataly_w [17]2 years ago
4 0

Answer:

Gamblers

Explanation:

Risk management can be defined as the process of identifying, evaluating, analyzing and controlling potential threats or risks present in a business as an obstacle to its capital, revenues and profits. This ultimately implies that, risk management involves prioritizing course of action or potential threats in order to mitigate the risk that are likely to arise from such business decisions.

In this scenario, Suzette's husband told her, "I admire your boldness, but I'm not sure that you should open that business. I've heard that entrepreneurs are gamblers." Suzette replied, "That's a common myth. In fact, entrepreneurs take very careful, calculated risks and are not afraid to act on those decisions."

Entrepreneurship is one of the factors of production and it is the intellectual capacity required to drive a business and the skills to develop an idea into a money making venture (business).

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The ______________ stage of the selling process offers a prime opportunity for salespeople to solidify customer relationships th
Nitella [24]

Answer:

E. Follow-up

Explanation:

The follow-up stage is a stage of the selling process which offers a prime opportunity for salespeople to solidify customer relationships through great service quality.

Follow-up means things that can be done by the salesperson in order to Improve customer relation.

Follow-up services helps to:

1. Increase sales: Customers who are satisfied with your services are more likely to come back and patronise you more.

2. Follow-up services helps producers to innovate on their products. Follow-up service includes listening to customers complaint and needs. This allows a producer to Improve on its product.

3. Follow-up services helps a business to stand out among other businesses because only few business follow-up

on their customers.

4. Existing customers refer new customers to patronise you and customers develop a sense of trust in your product and services.

5. Follow-up services helps to increase profit because firms make more sales.

7 0
3 years ago
Read 2 more answers
in a ____, a strategic manager can condense the strenght, weakness, opportunities, and threats into fewer than 10 strategic fact
luda_lava [24]

Answer:

Strategic Factors Analysis Summary (SFAS) Matrix

Explanation:

4 0
3 years ago
Kay’s dog-walking service is a profit-maximizing, competitive firm. Kay walks dogs for $7.50 each. Her total cost each day is $4
devlian [24]

Answer:

Because he is able to cover the variable cots, he should keep going in the short run. He must increase the number of walks to cover the fixed costs.

Explanation:

Giving the following information:

Kay walks dogs for $7.50 each. Her total cost each day is $45—she spends $35 a day on gas driving to different neighborhoods, and her liability insurance and other fixed costs average out to $10 per day.

Kay walks five dogs a day.

Income= 7.5*5= $37.5

Total cost= 45

Loss= (7.5)

Because he is able to cover the variable cots, he should keep going in the short run. He must increase the number of walks to cover the fixed costs.

6 0
2 years ago
A bank is being told that their loan portfolio is too risky. Which is the best action the bank can take to correct this situatio
balandron [24]

Answer:you would make an agreement on what the best thing to do is, which would go for a middle price, and get more money, and then go for thr other half, and if it is too risky then you could do an agreement where you would work the money off by working for them to earn more money, and then you can do the loan

Explanation:

3 0
3 years ago
Read 2 more answers
Tom borrowed​ $40,000 from his parents to open a donut stand. He agrees to pay his parents a​ 5% yearly return on the money they
Anvisha [2.4K]

Answer:

$12,000

Explanation:

Data provided

Borrowed amount = $40,000

Rate of interest = 5%

Fixed cost = $10,000

Variable cost = $25,000

Price per dozen = $2.00

The computation of total fixed costs is shown below:-

Return on investment= $40,000 × 5%

= $2,000

Total fixed costs = Fixed cost + return on investment

= $10,000 + $2,000

= $12,000

7 0
3 years ago
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