Answer:
Governments can assist in this area by encouraging local banks to work with start-ups and small business by providing loans or investment. Government can offer state loans that target small-business, start-ups or female entrepreneurs. These are incentives that encourage entrepreneurship within the ecosystem.
Government can also decide to educate and train new and upcoming entrepreneur
Explanation:
Answer:
Option C
Explanation:
The subject company should conduct a primary research, that is, a firsthand research by itself . In the given case the company is willing to introduce a whole new product to the market, thus they do not have any information regarding the preferences or behavior of their customer.
Scientific experiment would not be feasible as any input data could not be stated as accurate and due to the whole new segment traditional sources of information are of no use also.
Answer:
Explanation:
When there are more substitutes for a product, the demand for the product is more price elastic. The implication of this is that the demand of such product will drop when there is increase in it price because people can get another product which will play the same role with the previous at a lesser price. Hence, the demand for the product vis more price elastic.
Answer: Please refer to the explanation below for the full answer.
Explanation: The allowance for doubtful debts acts as a holding account for any accounts in the Accounts Receivable that might not be collected. In other words any accounts that are written off as bed debts will be removed from this account.
Reasons why this account can become very large in relation to the Accounts receivable are:
1. An incorrect or high percentage may be used to estimate accounts that may be written off as bad debts. This can lead to an unnecessarily high allowance for doubtful debts account.
2. There might be an error in the overall calculations done.
3. A large amount of old bad debts that have not been removed from this account may still be sitting in the account.
4. Fraud
