1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
uranmaximum [27]
3 years ago
12

briefly explain what you consider an entrepreneur to be and describe the three most important attributes you need to develop to

become an entrepreneur. Give reasons for your choices.
Business
1 answer:
expeople1 [14]3 years ago
3 0

Answer:

An entrepreneur is a person who finds an economic opportunity in the market, and exploits it for his own benefit and the benefit of his employees and constomers by setting up a firm.

Explanation:

Three characteristic of an entrepreneur:

Opportunity seeking: entrepreneurs "scan" the market, seeking for market niches that have not been exploited.

Work-ethic: entrepreneurship is a difficult task, especially during the first years of the company. It demands very long work hours, and the entrepreneur must be willing to do that in order to be successful.

Risk-taking: entrepreneurs should evaluate risk when taking decisions, but they should not be the most risk-averse indidivuals. They have to take risks in certain situations because otherwise, they would not be able to become entrepreneurs at all.

You might be interested in
Wendell’s Donut Shoppe is investigating the purchase of a new $47,300 donut-making machine. The new machine would permit the com
UNO [17]

Answer:

COnsider the following calculations

Explanation:

1.  $

Annual Savings in Part-time help 6300

Added Contribution Margin from expanded sales 2600x1.50 3900

Annual Cash Inflows 10200

2.

NPV @ 5%

= Present Value of Cash inflows - Present Value of Cash outlfows

= [10200x 5.076] - 47300

= $4475

NPV @ 10%

= Present Value of Cash inflows - Present Value of Cash outlfows

= [10200x4.355] - 47300

= -$2779

Internal Rate of Return = Lower Rate + [Lower rate NPV/ (Lower rate NPV - Higher rate NPV] x Difference in rates

= 5 + [4475 / (4475+2779)] x 5

= 8%

3. NPV @ 5%

= Present Value of Cash inflows - Present Value of Cash outlfows

= [(10200x 4.355) + (12000x0.564)] - 47300

= $3889

NPV @ 15%

= [(10200x 3.784) + (12000x0.432)] - 47300

= -$3519

Internal Rate of Return = Lower Rate + [Lower rate NPV/ (Lower rate NPV - Higher rate NPV] x Difference in rates

= 10 + [3889 / (3889+3519)] x 5

= 13%

4 0
3 years ago
An accounting firm agrees to purchase a computer for $190,000 (cash on delivery) and the delivery date is in 270 days. How much
aleksklad [387]

Answer:

$188,947

Explanation:

Data provided in the question:

Future value = $190,000

Time, t = 270 days = \text{ 270 days } =\frac{ 270 }{365} = 0.73973 years

Interest rate = 0.75% = 0.0075

Compounded quarterly i.e number of periods n = 4

Now,

Future value = Amount invested × ( 1 + \frac{r}{n} \right)^{\Large{n \cdot t}} $$

or

$190,000 = Amount invested × ( 1 + \frac{0.0075}{4} \right)^{\Large{4\times0.73973 }} $$

or

$190,000 = Amount invested × { 1.00188 } ^ { 2.95892 }

or

Amount invested = $188,947

4 0
3 years ago
Michael is the owner of a company that manufactures mp3 players for cars. He wants to expand his business, so he decides to laun
Grace [21]

Answer:

B) Cannibalization occurs when the sales of a new brand take away from sales of an existing brand. Whenever a firm sells a new product it must look out for cannibalization. Michael's new mp3 players are cannibalizing the sales of his old players.

Explanation:

Market cannibalization occurs when a company's new product line crowds out the existing market for its current products, rather than expanding the company's market base as originally intended. In other words, rather than appealing to an additional segment of the market, a new product line appeals to the company's current market, reducing the demand for its established products. In this respect, market cannibalization is an instance in which a company's own two product lines compete against one another.

5 0
3 years ago
The franchisor is a/an...
dmitriy555 [2]
The franchisor is a party granting rights.
4 0
3 years ago
Read 2 more answers
Meeting conference everyone meet.
svet-max [94.6K]

Answer:

why what's happening?

Explanation:

7 0
3 years ago
Read 2 more answers
Other questions:
  • A stock has annual returns of 5 percent, 21 percent, -12 percent, 7 percent, and -6 percent for the past five years. The arithme
    13·1 answer
  • Which of the following correctly explains why cheating is a common problem for cartels?
    13·1 answer
  • The Ministry of Misallocation has decreed that the production of widgets must be 4000 each month and the production of gizmos mu
    6·1 answer
  • In 1880 five aboriginal trackers were each promised the equivalent of 50 Australian dollars for helping to capture the notorious
    14·1 answer
  • On October 31, 2015, the bank statement shows that your company has $12,956.73 in its checking account. You are aware of three o
    7·2 answers
  • In the month of October, Tran Incorporated had salaries of $15,000 for factory managers, $18,000 for financial managers, and $42
    14·1 answer
  • Diggity Dank Corporation uses an activity-based costing system with two activity cost pools. Diggity Dank uses direct labor hour
    7·1 answer
  • Jim is the new manager of operations at Springfield Motors. To his dismay, he finds the employees coming in late to work, taking
    6·1 answer
  • Which of the following statements accurately describes a flexible budget​ variance?
    12·1 answer
  • On January 1, Kirk Corporation had total assets of $864,000. During the month, the following activities occurred: Kirk Corporati
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!