Which of the following strategies are recommended for small business owners to succeed over the long term? Answera. develop a business plan and gain experience
b. make a friend at the bank and develop a business plan
c. develop a business plan, gain experience, educate yourself, and learn from others
d. borrow money and develop a plan

Answers

Answer 1

Answer:

Answer:

The correct answer is c. develop a business plan, gain experience, educate yourself, and learn from others

Explanation:

A business plan is a document that summarizes the operational and financial objectives of a company and contains detailed plans and budgets that show how the objectives will be achieved.

It is the road map for the success of your business. For anyone who starts a business, it is a vital first step.

If you have an idea to start a new company, a business plan is essential to determine if your business model is viable.

If initial financing is required, you must have a business plan prepared for investors that demonstrates how the proposed business will be profitable.

For example, the market analysis will reveal if there is sufficient demand for your product or service in your target market - if the market is already saturated, your business model will have to be changed (or discarded).

The competition analysis will examine the strengths and weaknesses of the competition and help steer your strategy to get a market share in your marketing plan.

For example, if the existing market is dominated by established competitors, you will have to develop a marketing plan to attract competing customers (lower prices, better service, etc.)

Answer 2

Answer: The right answer for the question that is being asked and shown above is that: "c. develop a business plan, gain experience, educate yourself, and learn from others." The strategies are recommended for small business owners to succeed over the long term is that develop a business plan, gain experience, educate yourself, and learn from others

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Balancing trade is important because if a nation imports more than it exports,A. it will create a trade surplus.
B. the value of its currency may fall.
C. the nations goods will not be desirable
D. other nations will stop investing in that nation.

Answers

I think its answer B because if they are sending more out then they are producing then it most likely going to decrease

In an effort to determine where the company can cut spending, Larry creates a pie chart to show how the company spends money on non-required items. Out of the $1,000 spent here, $800 was on parties, $120 on office décor, and $80 on extra snacks. What could Larry determine by looking at the pie chart?A. He could determine that the company could save the most money by cutting back on snacks spending.
B. He could determine that the company could save the most money by cutting back on office décor spending.
C. He could determine that the company could save the most money by spending $100 less in all areas.
D. He could determine that the company could save the most money by cutting back on party spending.

Answers

A circular chart is how a pie chart provides a brief overview of the proportions of each category, and further discussion can be defined as follows:

Larry makes a pie chart to show how the company spends money on non-essential things in an attempt to determine where the business can minimize spending.
$800 was spent on events, $120 on office decor, and $80 on extra refreshments out of the $1,000 spent here.
Using a pie chart, Larry determined that cutting back on party expenditures will save the most value for the business.

Therefore, the final answer is "Option D".

Learn more:

brainly.com/question/17803891

It seems like the answer would be D considering the fact the parties take up a great portion of the $1,000. Hope this helps!

John is considering a purchase of a new Toyota that costs $25,000 at a local dealership. John estimates the annual cost of maintenance, registration, insurance, and gas to be about $1,000. After extensive internet research, John estimates that he can sell his Toyota in three years for $10,000. What is John's estimated cost of owning and driving the car for three years? Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices A) $25,000 3 x $1,000 + $25,000 = $28,000
B) 3 x $1,000 + $25,000 - $10,000 = $18,000
C) $25,000 - $10,000 = $15,000

Answers

Answer:

The correct answer is B) 3 x $1,000 + $25,000 - $10,000 = $18,000

Explanation:

John's estimated cost of owning and driving the car for three years is calculated with three elements.

Initial investment $25,000
Cost of maintenance $1,000 each year
Savage value $10,000

We add Initial investment with Cost of maintenance, Savage value must be discounted because we recover that money at the end of the 3 years.

So,

Cost of owning and driving the car= Initial investment + Cost of maintenance-Savage value

Cost=$25,000+ 3 x $1,000 - $10,000 = $18,000

Calculate a Salary plus Commission. A salary of $3,500 is paid plus a commission of 20% for sales over $10,000. Total sales were $25,000.

Answers

3,500+(25,000x0.2)=$8,500

What is supply forecasting

Answers

Supply forecasting is the process of estimating availability of human resource followed after demand for testing of human response.

I hope that's help:0

Robert is a young college graduate who is looking for a sales job in the pharmaceutical industry. In order to better his chances of being selected by employers, he decides to enhance his knowledge of the latest medications in the market. In this scenario, it is evident that Robert is trying to enhance his _________.a. industry knowledgeb. customer orientation
c. promotion knowledge
d. service resilience
e. customer knowledge

Answers

Answer: Industry Knowledge.

Explanation:

Industry knowledge involves knowing a business' target market very well, knowing the latest trend and customers preferences in the market. Industry Knowledge can give a business competitive advantage in a market. Robert is acquiring industry knowledge to give him a better chance of gaining the sales job.

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