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Semmy [17]
2 years ago
6

What are the two ways that entrepreneurs assess the likely product demand for the proposed product or service they are analyzing

Business
1 answer:
IrinaVladis [17]2 years ago
8 0

The two ways that entrepreneurs assess the likely product demands for a product are through analyzing market research and historical data.

Who are Entrepreneurs?

An entrepreneur is a person who makes the decision of starting their own business based on the innovation of an idea or a product they have invented, taking on most of the risks and receiving the majority of the gains.

The two ways that entrepreneurs assess the likely product demand for the proposed product or service they are analyzing is through:

  • Market research, and
  • Historical data

Learn more about entrepreneurs here:

brainly.com/question/13628349

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A food worker suspects there are mice in the food establishment.
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I think it’s D bc that’s actual evidence of there being mice
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Say the following 2 events occur at the same time: 1) an increase in the price of milk, an input in the production of cheese; 2)
dsp73

Answer:

The correct answer is the following combination: Increase; indefinite change.

Explanation:

To begin with, in the microeconomics theory when it comes to the rise of the price of a product the factors of major impact will be the inputs needed in the production of final good. In this particular case, the fact that the price of the milk has increased it will afect directly the price of the cheese in a matter of going up. And that consequently will afect the quantity demanded by going down. However, due to the fact that now the price of the bagels, a complement of the cheese, has gone down then it is indefinite to known what will happen to the quantity demanded of the cheese due to the fact that this last factor will impact it positively. So in the end, the two situations affect the quantity to a matter of indefinite change.

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2 years ago
A company is considering replacing an old piece of machinery, which cost $600,000 and has $350,000 of accumulated depreciation t
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Answer:

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3 years ago
Using – to control rule-making agencies and increasing the size of the – staff have allowed presidents to use the administrative
Fofino [41]

Answer:

The correct answer is: regulatory review, Executive Office of the President

Explanation:

In the US this refers to the processes used by Congress, the president and the courts to oversee the rules, regulations and other policies issued by federal agencies. The regulatory review may involve an examination of the content or effect of a rule, its estimated economic costs and benefits, or the adherence of the rule and the regulatory agency to the procedural requirements. The retrospective regulatory review, a type of regulatory review, is used to determine whether existing regulations should be retained, modified or repealed.

6 0
3 years ago
Xyz company makes one product and has calculated the following amounts for direct labor: ah x ar = $84,000; ah x sr = $83,000; s
labwork [276]

Answer:

1,000 Unfavorable

Explanation:

AH x AR = $84,000;

AH x SR = $83,000;

SH x SR = $85,000.

Compute the labor rate variance

then,

($84,000 - $83,000) = 1,000 Unfavorable

To learn more about labor cost variance, refer

to brainly.com/question/24553900

#SPJ4

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