<span>Your business can make a profit but still not have enough cash on hand if you don’t collect payment at the time of service. At one given time, you may not have enough cash to pay your bills or payroll, Collecting payment at the time of service will ensure that you have enough cash coming in when you need to pay cash out. </span>
The best example is hospitals. These days, insured <span>patients are no longer allowed to walk out of the hospital without paying because of high administrative costs and low collection rates.</span>
Restaurants, like other businesses,
often find that the best way to succeed in the market is to follow their customer’s
perception and be adaptive to the products that their customers need. The correct answer to the
following given statement above is following their customers.
<span> </span>
Answer:
Big data analytics
Explanation:
Big data analytics is the process of analysing large data sets (big data) to get insights such as hidden patterns, correlations, and market trends. This information is used to make business decisions.
Big data analytics bus used to study structured data sets, unstructured data sets, and semi-structured data sets.
This form of data processing bis used accros different industries including banking, insurance, health-care, communication, education, and manufacturing.
Answer:
These are the options for the question:
market-based
communist
command
laissez-faire
mixed
And this is the correct answer:
mixed
Explanation:
A mixed economy is an economy that either:
- Mixes state intervention with a free-market economy.
- Has some sectors of the economy run in market-based style, and other sectors in a planned-style.
- Has coexistence of public enterprises and private enterprises.
In the question, we have an example of a mixed economy because in the energy sector (a crucial sector in any economy), there is one public company competing against private companies.
The economy becomes even more mixed when the government lowers the tax rates of the private companies, so that both the public firm and the private firms compete under the same conditions.
