English:
Small businesses usually deal with known and established products and services, while entrepreneurial ventures focus on new, innovative offerings. Because of this, small business owners tend to deal with known risks and entrepreneurs face unknown risks.
Español:
Las pequeñas empresas generalmente se ocupan de productos y servicios conocidos y establecidos, mientras que las empresas empresariales se centran en ofertas nuevas e innovadoras. Debido a esto, los propietarios de pequeñas empresas tienden a lidiar con riesgos conocidos y los empresarios enfrentan riesgos desconocidos.
Answer:
C. process innovation
Explanation:
Based on the information provided within the question it can be said that the approach being used in this scenario is known as process innovation. This refers to implementing significant changes to the current techniques, equipment and/or software of an organization in order to significantly improve the overall processes/costs/products of the organization. Which is what Dr. Shetty has done by implementing thousands of small changes in order to drastically lower the costs.
Answer:
Profits: $297,000
Explanation:
Revenue is the money generated by a business by selling its products and services to customers. Expenses are the cost incurred in the production and selling of goods and services.
Profits arise when revenues exceed expenses.
For Malinda Auto dealership, the revenue ($895,000) exceed expenses($598,000). Therefore, the business will realize a profit.
Profit = revenue - expenses
=$895,000 -$598,000
=$297,000
Answer:
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Answer:
D. its complements.
Explanation:
A complement is a good or service used in conjuncture with another good. Therefore, if there is a decrease in the demand for a particular good, its complements will also see a decrease in demand. By the general supply and demand rule, an increase in the price of a good causes a decline in its demand and, therefore, causes a decline in demand for its complements.
