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2 years ago

Discuss steeps involved in business planing process

Business

1 answer:

bazaltina [42]2 years ago

8 0

Steps for business planning:

Step 1: Establish your mission. In essence, your mission statement explains why your business exists. ...

Step 2: Analyse your SWOT. ...

Step 3: Develop a plan. ...

Step 4: Create a budget. ...

Step 5: Put it in writing. ...

Step 6: Make it a living document.

Steps for planning

1] Recognizing Need for Action. ...

2] Setting Objectives. ...

3] Developing Premises. ...

4] Identifying Alternatives. ...

5] Examining Alternate Course of Action. ...

6] Selecting the Alternative. ...

7] Formulating Supporting Plan.

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Why would a free market never operate at a quantity greater than the equilibrium quantity? Hint: What would be required for a tr

Volgvan

Answer:

This is because in a free market, the prices of goods and services are determined by market forces, and the price mechanism will always keep the market at equilibrium.

Explanation:

The free market is a market without government intervention, equilibrium price and quantity are determined by the interaction of the market forces, also called price mechanism , which Adams Smith referred to as the invisible hands in the market.

The free market cannot operate outside the equilibrium because, the market forces will always keep the market towards equilibrium. Even if equilibrium is distorted, as a result of any shock, the market forces will bring the market towards equilibrium all things being equal, except there is market failure.

a free market is a market in which prices of goods and services are set by demand and supply and are allowed to reach their point of equilibrium without government intervention

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How has culture affected technology?

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3 years ago

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3 years ago

Palmona Co. establishes a $150 petty cash fund on January 1. On January 8, the fund shows $61 in cash along with receipts for th

saveliy_v [14]

Answer:

Palmona Co Journal entries

Jan-01

Dr Petty cash 150

Cr Cash 150

Jan-08

Dr Postage expense 35

Dr Merchandise inventory 14

Dr Delivery expense 16

Dr Miscellaneous expenses 24

Cr Cash 89

3. Jan-08

Dr Postage expense 35

Dr Merchandise inventory 14

Dr Delivery expense 16

Dr Miscellaneous expenses 24

Cash 89

Jan-08

Dr Petty cash 300

(450-150)

Cr Cash 300

Explanation:

1. To establish petty cash fund

2.To record reimbursement

3.To record reimbursement

4. To record increase in fund balance from 150 to 450

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3 years ago

Discuss steeps involved in business planing process​

Discuss steeps involved in business planing process