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timama [110]
3 years ago
12

Dion has an auto repair business for high-end cars like a Porsche or Ferrari. He wants to market his services to Porsche, BMW, a

nd Ferrari owners in his community of Midland, Texas. Right now, car owners have to drive to Lubbock, Dallas, or Austin to get their cars serviced. Dion should consult The North American Industry Classification System for data that can be used to:_________.
a. identify potential new customers
b. identify opportunities for new product lines
c. classify business establishments all over the world
d. classify firms according to their number of customers
Business
1 answer:
lozanna [386]3 years ago
3 0

Answer:

d. classify firms according to their number of customers

Explanation:

Since Dion wants to market his services to these car firms, he should consult for data that can be used to classify firms according to the customers that they have.

It has been stated clearly that people have to drive to Lubbock dallas, or Austin to get their cars serviced, so the firms can beclassified according to the number of customers.

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The basic laws of forecasting help to avoid misapplication or misrepresentation of forecast results. Law 3 states, __________. M
pav-90 [236]

Answer:

C.

Explanation:

A forecast is an estimate of the future level of some variable.

It is important to forecast because:

-Asses long-term capacity needs

-Develop budgets, hiring plans

-Plan production or order materials

There are types of forecast

Demand, depend on the firm level or the market level.

Supply, depend on number of current producers and suppliers, projected aggregate supply levels, and technological and political trends.

Price, depend on cost of supplies and services, market price for firm´s product or service.

There are 4 laws of forecasting, that help to avoid misapplication or misrepresentation of forecast results:

1-Forecast are almost always wrong by some amount (but they are still useful). Even under the best of conditions, no forecasting approach can predict the exact level of future demand, supply, or price.

2-Forecast for the near term tend to be more accurate. This law recognizes that in the near term, the factors that affect the forecast variable are not likely to change greatly.

3-Forecast for group of products or services tend to be more accurate. Many businesses have found that it is easier and more accurate to forecast for groups of products or services than it is to forecast for specific ones.

4-Forecast are no substitute for calculated values.

3 0
3 years ago
Hewitt and Patel are partners, sharing gains and losses equally. They decide to terminate their partnership. Prior to realizatio
GrogVix [38]

Answer:

$12,000

Explanation:

The amount of a gain or loss on realization is the difference between the sum of capital balances of partners and cash balance after settling all liabilities.

Total capital balances = $30,000 + $20,000 = $50,000

Total loss = Cash balance - Total capital balances = $38,000 - $50,000 = $12,000 loss.

Therefore, the amount of loss on realization is $12,000.

6 0
3 years ago
A general partner who puts together the administrative organization of the limited partnership and handles the registration of t
Valentin [98]

Limited partner.

<h3>What is a Limited partner?</h3>
  • A limited partner is a shareholder whose liability for the company's debts is limited to the amount they contributed to the business.
  • Silent partners are another name for limited partners.
<h3>What is Limited Partnership?</h3>
  • Similar to a general partnership, a limited partnership (LP) must have at least one general partner (GP) and at least one limited partner, as opposed to the minimum requirement of two GPs for general partnerships.
  • Different from limited liability partnerships, which only have limited liability for each participant, are limited partnerships.
  • The GPs are, in most significant ways, in the same legal position as partners in a traditional firm: they have management control, share the right to use partnership property, divide the firm's profits into fixed shares, and have joint and several liabilities for the partnership's obligations.

Therefore, the answer is a limited partner.

Know more about a Limited partner here:

brainly.com/question/25012970

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5 0
2 years ago
A salary owed to employees is an example of an accrued expense <br> a. True <br> b. False
pogonyaev
<span>a. True

An accrued expense is an expense that exists in the books before it is paid off and it's a liability. It's a periodic and documented expense, and they are the opposite of prepaid expenses. A salary owed to employees is an example of an accrued expense.</span>
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2 years ago
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Yuki888 [10]
The answer to your question is B 
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2 years ago
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