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Afina-wow [57]
3 years ago
8

Describe the difference between an idea and a business opportunity.

Business
1 answer:
Eduardwww [97]3 years ago
3 0
An idea isn’t really a proven concept, while a business opportunity is a proven concept you’ll likely make more money or whatever having a business opportunity.
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Assume that you have the following decision-making options: (1) make the decision on your own with available information, (2) co
raketka [301]

Answer:

(2) consult others before making a decision.

Before I make a recommendation, I will consult my team members.  Individually, some may have new ideas and modifications which we can incorporate into the project to even beat the competition and cause management to continue supporting the project.

Explanation:

Even though our competitor's "product appears to utilize radical new design principles that expand the functionality of the product," we can still modify our product.  This will not only incorporate the features of our competitor's product, but also further introduce new features that will emanate from the challenge from competition.

This is where the SCRUM framework becomes important.  This framework for project management emphasizes teamwork, accountability, and iterative progress toward a well-defined goal, while allowing for tweaks.

Developing this project based on this framework must have made it possible for us to receive the report from the marketing department in the first place.  The principles of Scrum are Openness, Respect, Courage, Commitment, and Focus.  So, the best we can do will be to prioritize, come up with new improvement ideas, and convince top management not to cancel the project.

3 0
3 years ago
1. To gain profit and earn a living.​
liraira [26]

Answer:

what is your question though? I don't understand

8 0
4 years ago
Read 2 more answers
You are a rookie police officer and are riding with a Field Training Officer (FTO). During your shift the FTO stops at a conveni
seraphim [82]

Answer:

I will report the Field Training Officer to the higher authority.

Explanation:

If I was rookie police officer and are riding with a Field Training Officer (FTO) and he was drinking while on duty, I would report it, because he is endangering my life and his and others around us. It is important to note that irrespective of previous evaluation or submission made on me by the FTO, it is unethical for any trained police officer to take any amount of alcoholic drinks while on duty. Because when someone is under the influence of beers, he/she does not function effectively and may act abnormally.

7 0
3 years ago
Manuel wants to sell his new product in foreign countries but with the least amount of risk to himself and his business. what ma
likoan [24]

In my view one of the safest ways to enter markets in foreign countries in strategic alliance with an existing business of that market.This existing business knows about the market Manuel wants to sell its' products in. Furthermore, this would allow Manuel to prepare a strategy accordingly.But, if he forms an alliance with a business that has a bad brand image,it can get tough for Manuel business to even start.Although, I strongly believe that this is one of the safest ways to enter a new market.But,before he takes this step,Manuel must prepare a business plan.


8 0
3 years ago
It will cost $4,000 to acquire a small ice cream cart. Cart sales are expected to be $3,200 a year for five years. After the fiv
Anna [14]
Cost = $4,000
Revenues = $3,200 per year
Life = 5 years

Payback period calculation:
Year -----   Cash flow -------- Investment
Yr 0 -----               ------------ -4,000
Yr 1 ------   3,200  -----------  -800
Yr 2 ------   3,200 -------------- 0

Payback period lies between year 1 and 2.

Therefore,
Payback period = 1+ 800/3200 = 1+0.25 = 1.25 years
5 0
3 years ago
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