Answer:
community
Explanation:
the only word I can think of is community I hope that helps slightly
Option D. The size of the market
This is because they have an idea that with a larger market size the can gain economies of scale and make a larger profit.
Answer:
Accounting
Explanation:
Accounting is a vital part of every business, and it is related to proper collecting, analyzing, managing and communicating financial information. Being such an essential part of businesses, it is always defined and regulated by appropriate entities (state agencies and other regulators).
Accounting is done by an accountant or a bookkeeper, who is the person in charge of generating the needed reports and summarizing the financial data in the proposed manner.
Answer:
Explanation:
. You can hire someone to keep your books but, you'll still need to know how to read, understand, and interpret basic accounting reports in order to make good business decisions and also for you to be able to know if someone is committing fraud. A basic knowledge will assist you in all this.
It is virtually impossible to smoothly run a business without being able to read, understand, and analyze accounting reports and financial statements
Answer:
- It will go out of business in the long run.
Explanation:
If George and Dan's political consulting firm is losing money, but it is more than covering its variable costs, then the most accurate statement we can make about it is that: It will go out of business in the long run.
In the SHORT RUN, as long as the firm is covering variable costs, it means that the firm is able to generate normal profit or contribution that takes care of part or all of its fixed costs. It will stay in business
<u>In the LONG RUN, the firm will only continue to operate if it can make normal profits</u>
<u>Normal profit occurs when the difference between a company's total revenue and combined explicit and implicit costs are equal to zero.</u>
<u>Since George and Dan's political consulting firm cannot cover fixed costs, it will go out business in the long run.</u>
