Answer:
d. was able to fund his project through seed money.
Explanation:
Seed money or seed funding is the first fund or seed that is obtained for a new business idea. Mostly seed money is obtained from friends, family, and colleagues.
Herbert had a great idea by presenting a demonstration of his product on a website, attracting people with interest to fund the start-up.
Answer:
The first and perhaps most obvious advantage of a business website is the potential for reaching a wider audience. The internet is used by literally millions of people, all of them are looking for something and some of them might be looking for you!
Building a website for your business will mean you could potentially reach these otherwise unreachable customers. Your business might be local, but you might have the potential to sell your products or services to a wider market, whether it be people in the next town, the nation as a whole or even the international market. Data shows that internet shopping is still on the rise, so taking your business online will potentially allow you to take advantage of the growth and expand your business. Even if you have no intention of using a business website to sell, you still might want to let customers know about your business. People commonly research businesses online before actually visiting the business location. So having a well designed website will help encourage them to come and visit you or be able to find your business in the first place.
Disadvantages of a Business Website
There are a few disadvantages of having a website for your business. Generally though, they are outweighed by numerous advantages.
Answer:
Flexible budget cost variance= $6,400 unfavorable
Explanation:
<u>To calculate the flexible budget cost variance, we need to use the following formula:</u>
Flexible budget cost variance= (standard costs*actual quantity) - actual costs
Flexible budget cost variance= (6*27,500) - 171,400
Flexible budget cost variance= 165,000 - 171,400
Flexible budget cost variance= $6,400 unfavorable
I think the answer is D) Sales promises
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