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3 years ago

How can creative ideas become business opportunities?

2 answers:

6 0

Business ideas are something that you must test before they become your business opportunities and before you start transforming them into the real business.

For you, the business ideas are something that you believe will work as a profitable business. When you include the customers needs into the specific idea it will become a possible business opportunity ready for the future startup. Here, I want to talk about a technique from statistics to test business ideas using the null hypothesis.

For example, you have a business idea that can be presented as a statement that statisticians will call it a hypothesis. The hypothesis in the simplest words are ideas that need to be tested for approval.

If we want to use statistical language in this process, we can tell that your business idea is a null hypothesis, and now we want to test it with another hypothesis that are opposite to the null hypothesis. The opposite hypothesis for your null hypothesis will be that the business idea will not succeed, or it will fail.

It is important to think about all possibilities in the process of initial development or process of testing the initial business idea. One of them is that the idea will not succeed in the target market.

zheka24 [161]3 years ago

3 0

Answer:

creative ideas can become business opportunities by simply you going through with your idea. say you have an idea for a... bed that will improve sleep. all you need to do is go though with it. design it build it, whatever just do it.

Explanation:

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enot [183]

Answer: Disclose

Explanation:

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3 years ago

Which of the following is a correct application of Marginal Analysis? a. You buying 4 pairs of shoes for $240 because you are wi

RoseWind [281]

Answer:

Option d is the right one.

Explanation:

Marginal research or analysis to optimize future gains as a decision-making method. In comparison to the expenses incurred by this same behavior, it calculates added benefits. The illustration described demonstrates that the marginal gain is smaller than that of the marginal cost.
This involves purchasing goods until the marginal gain is equal to the marginal cost.

The other options aren't sufficient for the scenario provided. But that will be the best alternative for option d.

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4 years ago

Variance analysis Jack Joe, Inc. standard costing provided below. During 20x1, Jack Joe Inc. used 410,000 of raw materials to pr

ICE Princess25 [194]

Answer:

1) Direct material price variance= -5,000 or $5,000 unfavorable

2) Direct material quantity variance= $5,000 unfavorable

3) Actual price= $0.5122

Explanation:

Giving the following information:

Units produced= 200,000

Units sold= 200,000

Direct material used= 410,000

Standard quantity= 2 units of raw material

Budgeted cost= $0.5 per raw material unit

Total Raw material variance= $10,000 unfavorable

First, we need to calculate the direct material quantity variance:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (400,000 - 410,000)*0.5

Direct material quantity variance= $5,000 unfavorable

Now, we can determine the direct material price variance:

Total direct material varaince= Direct material quantity variance + direct material price variance

10,000= -5,000 +

direct material price variance= -5,000 or $5,000 unfavorable

Finally, we can calculate the actual price per raw material unit:

Direct material price variance= (standard price - actual price)*actual quantity

-5,000= (0.5 - actual price)*410,000

-5,000= 205,000 - 410,000actual price

210,000/410,000= actual price

$0.5122=actual price

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3 years ago

The graphic would indicate a market that is

olasank [31]

Answer:

yes it would

Explanation:

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3 years ago

Cuidado, a nonprofit organization that focuses on caring for the cklerly, encourages its members to do as much as possible for t

postnew [5]

Answer: Utilitarian influence- B

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It shows how individuals would comply based on perceived expectations of others to achieve rewards .

We can infer that Cuidado, non profit organizations uses Utilitarian influence because it felt that people will only subscribe to caring for the elderly in Thier organisations if they perceive expectations that may be benefited

from complying to Thier program.

3 0

3 years ago

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