BUSINESS HIGH SCHOOL

Describe three risks a small business might face.

Answers

Answer 1
Answer:

A small business may encounter different risks. Operational, Financial and Strategic risks are among the risks to be addressed. Operational risks are internal risks that result from breakdowns, bottlenecks, internal procedures, people and system. Financial risks are connected with issues on liquidity, cash flow and credits. Strategic Risks arise from competition and other external threats. 

Related Questions

Acme Movers is a company that ships goods and cargo to all locations in the United States. The employees understand that the company's primary vision of timeliness, efficiency and low-cost services is important to maintain the competitive edge over other movers in the business. They constantly work to ensure that all deliveries reach their destinations on schedule, and the company, in turn, rewards the employees with performance-based awards and profit sharing. Which function of organizational culture is exemplified here?
An automobile company decides to improve the quality of all its products and bring more variety into its product line. The company has decided to adopt ________.
Aggregate planning is capacity planning that typically covers a time horizon of one to three months. True or false?
Why is technology a challenge to skills management ?How can businesses selling the same goods/services eliminate competition ?
Which of the following commonly results in the financial failure of a firm?a. Diversification b. Undercapitalization c. Control of expenses d. Management of cash flows

Bresnee, a European automobile company, plans to sell its automobiles in Lador, an Asian country. To do this, Bresnee has to make certain modifications in its marketing strategy such as using the regional language of Lador in its advertisements. Without such changes, Bresnee would not be able to establish a market in the country. In the given scenario, Bresnee is most likely facing the barrier of _____.

Answers

Answer:

The correct answer is sociocultural differences.

Explanation:

Each culture has its own ideology of what would be appropriate behavior or not. (This is why one must criticize a culture from the culture itself if it is done from outside would be judging).

It is logical that culture and society deeply influence people that is why the human race is considered so diverse.

Which statement shows that white shirts follow a classic fashion life cycle?a. White shirts were fashionable only for a short period.

b. White shirts are solely found in sportswear.

c. White shirts are still popular and considered a standard piece of clothing.

d. White shirts are obsolete, because they are no longer popular with consumers.

Answers

Answer C as white shirts are light, goodness and it’s a summer colour, people would still buy white shirts as they are popular and it’s a colour of cleanliness and perfection

Answer:

C) White shirts are still popular and considered a standard piece of clothing.

Explanation:

First we should define classic clothes, which are clothes that have been very popular for many years (e.g. bluejeans) and most people consider that they look good on them.

The only option that fits the description of classic clothes is: C) White shirts are still popular and considered a standard piece of clothing.

All the other options consider white shirts as a non-popular and obsolete garment.

You are better off consuming or producing an additional good or service if _____ .

Answers

If the marginal benefit is greater than the marginal cost

The marginal benefit is the amount of satisfaction that you receive when you consume an additional goods or service, meanwhile the marginal cost is the amount of sacrifice that you need to do in order to get that additional good or service.

to put it simply, You better off consuming that additional product if the satisfaction that you get is worth the sacrifice that you make

the marginal benefit is greater than the marginal cost

Which of these actions could constitute a breach of the Civil Rights Act?A. The human resources department rejected Fatima’s application because she did not have the right qualifications.

B. The human resources department rejected Fatima’s leave application because they were short staffed.

C. The human resources department rejected Fatima’s application for a sabbatical because she had only worked for a year.

D. The human resources department rejected Fatima’s leave application because she just got back from a long vacation.

E. The human resources department did not promote Fatima because they thought that she would not be able to travel as frequently as the job required because she has two young children.

Answers

E. The human resource department did not promote Fatima because they thought that she would not be able to travel as frequently as the job requred because she has two young children.

This action constituted a breach of the Civil Rights Act.

The provisions found in the Civil Rights Act forbade discrimination on the basis of sex as well as race in hiring, promoting, and firing.

In the above scenario, the HR department discriminated Fatima based on her gender ( a female and a mother). They did not give her the chance to have equal employment opportunity. 

Answer:

E. The human resources department did not promote Fatima because they thought that she would not be able to travel as frequently as the job required because she has two young children.

The Smiths' purchased a residence for $75,000. They made a down payment of $15,000 and agreed to assume the seller's existing mortgage, which had a current balance of $23,000. The Smiths' financed the remaining $37,000 of the purchase price by executing a second mortgage whereby the seller became a mortgagee. This type of loan is called a _______.

Answers

Answer:

Purchase money mortgage.

Explanation:

A purchase money mortgage is the loan that is given to the individual buying the property.

This loan is issued by the seller of the property as a part of the transaction made when selling the property. The interest rate that comes with this type of loan is high.

The buyers benefit from the purchase money mortgage due to the flexible requirements that is needed in collecting the loan while the sellers benefits from the high interest rates that is added to the loan.

The basic requirements for industry's growth are capital, natural resources, and workers. a. True
b. False

Answers

This statement is True.
The basic requirements for industry's growth are the following:
- First the capital to be able to start the business
- Second the natural resources, what are the natural resources that might help them start their indutry?
And last is the workers to work.
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The primary strength of the matrix structure is that it can facilitate multiple sets of complex and interdependent projects while still retaining the economies that result from keeping functional specialists grouped together. a. True b. False
Motivating employees by expanding the number of jobs or tasks that they are involved with is referred to as job ________.
Interface, a manufacturer of floor covering products, has recently entered into an agreement with Cargill, Inc. and Dow Chemical Company to develop carpeting manufactured from corn fiber, rather than the traditional nylon. Interface hopes to develop a biodegradable carpet tile that will be sold to the public at prices only slightly higher than nylon carpet tiles. Interface's CEO has repeatedly said the mission of his company is to look for manufacturing materials that are renewable and are not petroleum dependent. Refer to Interface. Which of the following is the BEST example of a nonmarketing-controlled information source for floor tiling?a. a store display showing the various colors of tiles availableb. an ad in Better Homes & Gardens for floor tilesc. a salesperson at a store that specializes in floor coveringsd. a brochure explaining why the corn-based floor tiles are superior to nylon onese. a discussion with co-workers about the best floor tiles to buy