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inna [77]
2 years ago
14

Why is business plan necessary?​

Business
1 answer:
Agata [3.3K]2 years ago
7 0

Answer:

Business plan necessary because:

•It make you aware of your strength or weakness.

•It also creates an effective strategy for growth.

•It helps to determine your future financial needs.

•It also helps to gain a deep understanding of your market.

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From the list​ below, select the variable that will cause the demand curve to​ shift: A. The number of firms in the market B. Th
butalik [34]

Answer:

Option (C) is correct.

Explanation:

Consumer income is one of the main determinant of demand. Consumer income is related with the demand of normal and inferior good.

If there is an increase in the income of a consumer then as a result the demand for a normal good increases and shifts the demand curve rightwards.

If there is a fall in the income of the consumer then as a result the demand for a normal good also decreases and shifts the demand curve leftwards.

Alternatively, the consumer income is inversely related with the demand for inferior goods.

4 0
2 years ago
Emily works in the stockroom at a retail store for $10/hour on Saturdays. The store is within near walking distance of her home.
frosja888 [35]

Answer:

Correct options

A.) the $4 in direct costs she would spend to drive to and from her babysitting job:

Emily will have to spend $2 to and $2 on gas for the babysitting job. She will have to consider if she can bear the additional cost compared to the other job opportunity.

B.) the opportunity costs of not working at the store on a Saturday when she babysits:

When Emily is babysitting she has to consider the opportunity cost of working at the retail store. The fact the she will not have to drive to work, instead working at a place close to her home.

Incorrect option

C.) the cost of clothes and personal items (e.g., phone) Emily uses during babysitting:

On both jobs Emily will incur cost of clothing and other personal items, so this is not a cost she should be considering in making a decision between the two jobs.

4 0
2 years ago
Suppose the economy's production function is ???? = ????K 0.3???? 0.7 . If K = 2000, N = 100, and A = 1, then Y = 246. If K and
densk [106]

Answer:

Y=38.8

Y will increase by 38.8

Y=246+38.8

Y=284.8

Explanation:

Y=A. F(K, L)

Y=A. K^0.3, L^0.7

Then

Y=246

A=1

K=2000

N or L=100

Solutions

200=1(2000^0.3, 100^0.7)

Now the question says both k & N are increased by 0.20

Therefore

Y=1(2400^0.3, 120^0.7)

Y=1(10.3 + 28.5)

Y=38.8

4 0
2 years ago
Lenox Company has the following financial data: 2020 2019 Assets Current Assets: Cash and Cash Equivalents $ 2,000 $ 1,900 Accou
Kobotan [32]

Answer:

25.55 days

Explanation:

Days Sales in Receivable = Accounts Receivable ÷ (Sales / 365)

therefore

2020 = $2,800 ÷ ($ 40,000 / 365) = 25.55 days

4 0
2 years ago
"Millishk, a creamery that produces ice cream and yogurt, has a production facility in every country it operates in. The company
Elden [556K]

Answer:

Explanation:

A

3 0
3 years ago
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