This statement is false. unlike large organizations, very small businesses rarely benefit from preparing formal written plans for their future operations.
Small organizations are corporations, partnerships, or sole proprietorships which have fewer employees and/or much fewer annual sales than an ordinary-sized enterprise or company. groups are defined as "small" in terms of being able to apply for government aid and qualify for preferential tax coverage varies depending on the u. s. a . and enterprise. Small corporations vary from fifteen personnel under the Australian fair Paint Act 2009, fifty employees in line with the definition used by the European Union, and fewer than 5 hundred employees to qualify for plenty of U.S. Small business management packages. at the same time small businesses also can be categorized consistent with other techniques, together with annual revenues, shipments, sales, property, or by means of annual gross or net sales or net profits, the quantity of personnel is one of the maxima broadly used measures.
some small organizations, consisting of a home accounting enterprise, may additionally most effectively require a business license. on the other hand, different small groups, consisting of daycares, retirement houses, and restaurants serving liquor are extra heavily regulated and can require inspection and certification from various government authorities.
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Answer:
The answer is "b" - Customization
Explanation:
<u>Product Customization</u> is a process of delivering customized goods and services to the customers as per their needs and desire. Customers can either approach a merchant to make certain customizations in a product or personalize the products themselves, exactly the way they want.
It is also known as product personalisation. This is evident in the given situation, as Lilly Ann can customize the cage according to her own preferences.
<u>Standardization</u>
- Product standardization refers to the process of maintaining uniformity and consistency among the different iterations of a particular good or service that are available in different markets.
- It is a process of marketing a good or service without making any changes to it
- Standardization would be correct, if they brand offers the cage without any changes.
<u>Mass customization:</u>
- Mass customization is a marketing and manufacturing technique which combines the flexibility and personalization of custom-made products with the low unit costs associated with mass production.
- Other names for mass customization include made-to-order or built-to-order.
<u>Mass production:</u>
- Mass production is the manufacturing of large quantities of standardized products, often using assembly lines or automation technology.
- Mass production facilitates the efficient production of a large number of similar products.
<u>Modular design:</u>
- Modular design is a design approach that creates things out of independent parts with standard interfaces.
- This allows designs to be customized, upgraded, repaired and for parts to be reused.
Franchises, they start off as some people to a majority of people
Answer:
C) increase their savings
Explanation:
Saving is the act of setting aside a portion of one's income in a secure location rather than spending it. It's a method that businesses and individuals utilize to meet their financial goals. Saving consistently throughout time helps to acquire a significant sum of money that can be used to achieve financial goals. While saving is not the primary financial goal, it is a means to that end. If one's objective is to acquire a home or a car, for example, they begin saving for the down payment. Saving aids them in achieving their long-term objectives.
Answer:
Product costs are.
Explanation:
Often the information needed by internal managers stands in sharp contrast to external reporting requirements promulgated by Generally Accepted Accounting Principles (GAAP).
GAAP requires full costing and management decision making requires incremental information.
According to GAAP, all manufacturing costs must be treated as product costs, and all selling and administrative costs must be treated as period costs.
Material cost + labor costs incurred directly in producing the product + other production or indirect production overhead costs.
If the products are in inventory, the costs are recorded as assets. If they have been sell, the are recorded as costs of goods sold.