Entrepreneurial strategies an entrepreneur should adopt when undertaking entrepreneurial business venture

The supervisor of an automated teller machine (ATM) facility learns that the machine is not functioning efficiently because it u

quester [9]

Answer:

E) The supervisor should identify and define the type of update needed.

Explanation:

The 5 stages of the organizational decision buying process are:

Awareness and recognition
Specification and research
Request for proposals
Evaluation of proposals
Order and review process

The supervisor already passed stage 1 since he/she realized that their was a problem and it must be solved. The supervisor is currently in stage 2 since he/she must identify what type of software update is needed. The supervisor should try to be the most specific as possible including all the technical details that he/she is aware of.

8 0

3 years ago

Which of the following illustrates Forward Vertical Integration? a. Subway sandwich company buying a bakery to make the bread fo

Shalnov [3]

Answer:

a

Explanation:

Vertical integration is when a firm acquires a business further in its production chain. For example, a sandwich company purchasing a bakery

4 0

3 years ago

MacDonald Products, Inc., of Clarkson, New York, has the option of (a) proceeding immediately with production of a new top-

Romashka-Z-Leto [24]

Answer:

The EMV for option a is $5,679,100

The EMV for option b is $5,719,200

Therefore, option b has the highest expected monetary value.

Explanation:

The EMV of the project is the Expected Money Value of the Project.

This value is given by the sum of each expected earning/cost multiplied by each probability.

So

a) proceeding immediately with production of a new top-of-the-line stereo TV that has just completed prototype testing.

There are these following probabilities:

77% probability of selling 100,000 units at $610 each.

23% probability of selling 70,000 units at $610 each.

So

$EMV = 0.77*E_{1} + 0.23*E_{2}$

$E_{1} = 100,000*610 = 6,100,000$

$E_{2} = 70,000*610 = 4,270,000$

$EMV = 0.77*E_{1} + 0.23*E_{2} = 0.77*(6,100,000) + 0.23*(4,270,000) = 5,679,100$

(b) having the value analysis team complete a study.

There are these following probabilities:

74% probability of selling 85,000 units at $720.

26% probability of selling 70,000 units at $720.

The cost of value engineering, at 120,000. So this value is going to be dereased from the EMV.

$EMV = 0.74*E_{1} + 0.26*E_{2} - 120,000$

$E_{1} = 85,000*720 = 6,120,000$

$E_{2} = 70,000*720 = 5,040,000$

$EMV = 0.74*E_{1} + 0.26*E_{2} - 120,000 = 0.74*6,120,000 + 0.26*5,040,000 - 120,000 = 5,719,200$

4 0

3 years ago

The tax incidence (A) is the manner in which the burden of a tax is shared among participants in a market. (B) can be shifted to

8090 [49]

Answer:

(A) is the manner in which the burden of a tax is shared among participants in a market

Explanation:

Tax incidence refers to the burden of a tax between buyers or sellers or other stakeholders.

When price elasticity of supply is greater than price elasticity of demand, i.e a change in price causes supply to change more than demand, the tax incidence is said to be more burdensome for the buyers and vice versa.

It represents the distribution of tax burden to various sections of a society such as producers, consumers, etc.

For example, if taxes and duties are raised on alcohol or cigarettes, the producers shall transfer such burden on the consumers by covering their margin and raising prices. Thus, in such a case, the tax incidence would be borne by the consumers.

4 0

3 years ago

What are some well paying animal related jobs that don't require lots of school?

devlian [24]

Answer:

groomer, kennel attendant, veterinary assistant, trainer, Animal Control worker.

Explanation:

these are all examples of high paying animal related jobs that do not require less of school, though depending on the facility, they may require schooling.

7 0

3 years ago