Business College

State and explain ways to set-up business in domestic market?

Answers

Answer 1

Answer:

Explanation:Buy products in bulk to sell.

Sell homemade products you make yourself.

Start a dropshipping store.

Start a print-on-demand store.

Sell your service or expertise.

Productize your service or expertise.

Grow an audience you can monetize.

Buy an existing ecommerce business.

Related Questions

Eric, a ghost writer, conducted market research and discovered a niche market in writing scripts for corporate online videos. He also knows now the market will bear $250 per script. What question should he ask next about placement of his marketing mix

Answers

Answer: What is the best way to get his service to his target customers

Explanation:

Market research is the process of determining how viable a product will be after research has been conducted in the market. This is vital in getting opinions of customers.

Marketing mix are the marketing tools which an organization can use in order to pursue its marketing objectives.

The question that should be asked about the marketing mix placement is "What is the best way to get his service to his target customers". This is vital in knowing the best method to use in making the product available to the customers.

KJ Pharma issues new bonds to fund an acquisition. The face value of the bond is $100 and annual coupon is 6.5%. Further, this bond matures in 20 years and is issued at a price of $105. Assuming KJ Pharma's tax rate is 30%, what is its After-Tax Cost of Debt

Answers

Answer:

4.24%

Explanation:

The computation of the after tax cost of debt is given below:

But before that we have to determine the before tax of debt by using RATE formula

Given that

Future value be $100

Present value be $105

PMT is $100 × 6.5% = $6.5

NPER is 20

The formula is

=RATE(NPER,PMT,-PV,FV,TYPE)

After applying the above formula, the before tax cost of debt is 6.06%

Now the after tax cost of debt is

= 6.06% × (1 - 0.30)

= 4.24%

XYZ has contribution margin of 30% with fixed costs of $550,000. Next year, sales are projected to be $3,100,000. An advertising with additional $120,000 is being evaluated. How much would sales have to increase to justify the additional ad expense

Answers

Answer:

$400,000

Explanation:

Calculation to determine How much would sales have to increase to justify the additional ad expense

Using this formula

Required sales=Additional advertising value/Fontribution margin

Let plug in the formula

Required sales = $120,000 / 0.3

Required sales = $400,000

Therefore How much would sales have to increase to justify the additional ad expense is $400,000

According to the video, what qualities or items do Cargo and Freight Agents need? Check all that apply.
college degree
familiarity with computers
driving skills
supervisory experience
high-school diploma

answers are 2 and 5

Answers

Answer:

Explanation:

S945274 is correct

Answer:

2 and 5 r the answer

Explanation:

____________- allows more than one variable at a time to be changed, and it takes into account the probabilities of changes in the key variables.

Answers

Answer:

scenario analysis

Explanation:

scenario analysis estimates changes that would result from a hypothetical change in the market or a reoccurrence of an historical event.

types of scenario analysis

1. historical scenarios : scenarios measure an hypothetical change that would result from a repeat of a particular period of financial history.

2. Hypothetical scenarios : scenarios have never occurred and are just conjured for the sake of analysis.

Sensitivity measures the impact of the change of one variable.

The most important/essential results from the latest decision round that company managers need to review/study in order to guide their strategic moves and decisions to improve their company's competitiveness and rank among the top-performing companies in the upcoming decision round are:_________.
a. the celebrity endorsement data and the 4 graphs showing branded price and S/Q rating trends in each of the four geographic regions on p. 7 of the FIR.
b. the Income Statement and Balance Sheet data on p. 5 of the FR.
c. the strategic group maps for the Internet segment and Wholesale segment for each geographic region in the Competitive Intelligence Report.
d. the Industry Scoreboard and each company's performance on EPS, ROE, stock price, credit rating and image rating displayed on the first 3 pages of the FIR.
e. the Market Snapshot data in the top half of the Competitive Intelligence Report that shows each company's competitive efforts (prices, S/Q rating, models available, and so on) in each geographic region.

Answers

Answer:

e. the Market Snapshot data in the top half of the Competitive Intelligence Report that shows each company's competitive efforts (prices, S/Q rating, models available, and so on) in each geographic region.

Explanation:

In the case when the results arise from the recent decision that taken place the company or the manager should have to study for improving out the competitiveness and the ranking so that the market snapshot data could be done for all the zones and due to this the good decision could be carried out that helps in attaining the goals and objectives of the company

So, the last option is correct

The demand for personal computers has been estimated to be Q = 500,000 – 700P +200I - 500S. Assume that per capita income I is $13,000 and the average price ofsoftware S is $400.When the price of personal computers is P = $3,000, the priceelasticity of demand is:________.a. –2.625b. –7.0c. –1.0d. –21.0e. –4.25

Answers

Answer:

The price elasticity of demand is: -2.625

Explanation:

Given

[tex]Q = 500000 - 700P +200I - 500S[/tex] --- the demand

[tex]I =\$13000[/tex] --- per capita income

[tex]S = \$400[/tex] --- average price of software

[tex]P = \$3000[/tex] --- price of computer

Required

The price elasticity of demand

Substitute values for I and S in: [tex]Q = 500000 - 700P +200I - 500S[/tex]

[tex]Q = 500000 - 700P +200*13000 - 500*400[/tex]

Collect like terms

[tex]Q = 500000 +200*13000 - 500*400- 700P[/tex]

[tex]Q = 2900000- 700P[/tex]

The price elasticity (n) is then calculated using:

[tex]n =\frac{P}{Q} * \frac{dQ}{dP}[/tex]

[tex]Q = 2900000- 700P[/tex]

Differentiate

[tex]\frac{dQ}{dP} = -700[/tex]

Calculate Q when [tex]P = \$3000[/tex]

[tex]Q = 2900000- 700*3000[/tex]

[tex]Q = 800000[/tex]

So, we have:

[tex]n =\frac{3000}{800000} * -700[/tex]

[tex]n =-\frac{3000* 700}{800000}[/tex]

[tex]n =-\frac{2100000}{800000}[/tex]

[tex]n =-\frac{21}{8}[/tex]

[tex]n =-2.625[/tex]

The price elasticity of demand is going to be –2.625.

The equation has

Q = 500,000 – 700P +200I - 500S.

p = $3,000

I = $13,000

S = $400

We have to put in these values in the equation that we have here:

Q = 500,000 – 700*3000 +200*13000 - 500*400

= 800000

We have to find dQ/dP

= 500,000+200*13000 - 500*400 – 700P

= 2900000-700p

= -700p

The price elasticity =

-700*3000/800000

= -2.625

The price elasticity = -2.625

Answers

Answer:

b. $26,740

Explanation:

The computation of the total amount of overhead allocated is shown below:

overhead allocated is

= (actual direct labor hour × overhead rate per direct labor hour) + (Actual machine hour × overhead rate per machine hour)

= (550 × 28) + (270 × 42]

= $15,400 + $11,340

= $26,740

hence, the total amount of overhead allocated is $26,740

What are the desirable personal characteristics, attributes, lifestyles, skills, and traits of a prospective entrepreneur? Why are these important?

Answers

Answer:

The answer is below

Explanation

1. There are various desirable personal characteristics, attributes, lifestyles, skills, and traits of a prospective entrepreneur, some of them include

Competency,

Hardworking,

Risk-taking

Innovation

Perception

2. These characteristics or attributes of an entrepreneur are important because they guide and lead the entrepreneur in making the right decision. It also helps entrepreneurs to solve issues like conflicts, hire and fire where necessary, etc.

Labor power is a special commodity right or wrong?

Answers

Right my mom taught me not to be afraid

Answer:

Right.

Explanation:

The labor market is as much a commodity as the materials are to be processed.

Labor power is a unique commodity in that it is a characteristic of living people who own it in their own bodies. They cannot permanently sell it to someone else because they own it within themselves; otherwise, they would be a slave, and a slave does not own himself.

Edison's Lights makes light bulbs. The company is currently producing well below its full capacity. Lamp Land has approached Edison's Lights with an offer to buy 20,000 light bulbs at $0.75 each. Edison;s Lights sells its light bulbs wholesale for $0.85 each; the average cost per unit is $0.83, of which $0.12 is fixed costs. If Edison's Lights were to accept Lamp Land's offer, what would be the increase in Edison's Lights' operating profits?

Answers

Answer:

the increase in Edison's Lights' operating profits would be $400

Explanation:

Analysis of the effects of Accepting Lamp Land's offer

Sales (20,000 x $0.75) $15,000

Less Incremental Costs :

Variable Cost (20,000 x $0.73) ($14,600)

Operating Profit $400

thus

If Edison's Lights were to accept Lamp Land's offer, the increase in Edison's Lights' operating profits would be $400

Based on the various costs to make the light bulb, Edison's lights would see an increase in operating profits of $800.

How would Edison's Lights see this profit?

The fixed costs would be the same throughout production so should be deducted:
= Average cost - fixed cost

= 0.83 - 0.12

= $0.71

The variable cost of making the bulb is $0.71 which means that the profit made on every bulb if sold at $0.75 would be:

= 0.75 - 0.71

= $0.04

The total profit would be:

= 20,000 bulbs x 0.04

= $800

Find out more on operating profits at https://brainly.com/question/14366117.

ll else being equal, an increase in the yield to maturity of a bond will result in: a. a lower risk of suffering losses in the market values of the bond portfolios. b. a decrease in the rate of return at which the cash flows from the portfolios can be reinvested. c. an increase in the maturity value of the bond. d. a greater interest rate price risk on a long-term bond than on a short-term bond. e. an increase in the market price of the bon

Answers

Answer:

d. a greater interest rate price risk on a long-term bond than on a short-term bond.

Explanation:

A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time. The bond issuer are expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.

Generally, most bonds with shorter maturity time respond less dramatically to changes in interest rates when compared to bonds having longer maturity.

This ultimately implies that, the risk associated with short bonds isn't really significant because their interest rates are less likely to change substantially within that short period of time unlike bonds with longer maturity.

Yield to maturity can be defined as the bond's total rate of return required by the secondary market while the coupon rate is defined as the annual interest of a bond divided by its face value.

For example, when a bond is issued at a par or face value of €1,000, at maturity the investor would be paid €1,000. But because bonds are being sold before its maturity, it would trade below its face value.

All else being equal (ceteris paribus), an increase in the yield to maturity of a bond will result in a greater interest rate price risk on a long-term bond than on a short-term bond.

An interest-rate risk can be defined as the risk associated with bond owners due to fluctuating interest rates. This risk has a direct level of impact on the value of fixed income securities such as bonds.

Business executives often prefer to work with rate of return, so to overcome some of the IRR's limitations the modified IRR was devised. The MIRR equation is:

Answers

Answer:

Explanation:

MIRR equation is given by :

[(FV +ve cashflow / PV -ve cashflow)^(1/n)] - 1

FV +ve cashflow = Future value of positive cashflow at reinvestment rate

PV - ve cashflow = Present value of negative cashflow at finance rate

n = number of periods

The Modified Internal Rate of Return is a devised modification for the Internal rate of return, IRR which gives rate of return on percentage and overcomes the limitations of the IRR formula.

1. Deirdre has one hour this afternoon in which she can either practice the piano for the upcoming school concert, work at
the library for $7 per hour, or babysit her neighbor's son for $10 per hour. Deirdre chooses to practice the piano, but
if she hadn't chosen to practice the piano, she would have chosen to babysit over working at the library. What is the
opportunity cost of Deirdre's decisions
A. The value gained from practicing the piano for an hour.
B. The value of babysitting her neighbor's son for an hour.
C. The value of working at the library for an hour.
D. The value of babysitting her neighbor's son and working at the library for an hour.

Answers

Answer:

The correct answer is B) The value of taking care of her neighbours son for 60 minutes.

Explanation:

Opportunity Cost belongs more in the parlance of microeconomics and is used to describe the idea that one cannot have everything all the time. There are alternative ends competing for limited means. In order words, when we decide to take a course of action, in the hope of achieving a thing or getting a reward, there is always another benefit forgone.

So knowing that there is an opportunity that was foregone helps the microeconomist to think carefully about what they want to achieve using the limited resources at their disposal.

Further simplified, if I have $5 dollars to spend, and that amount can purchase either a cupcake or a cup of ice cream, the one I chose to buy becomes the opportunity taken, whilst the alternative forgone is the opportunity cost.

Therefore, the cost of an item is not just the amount of money for which it was purchased, but all other alternatives with which the same amount could have been purchased.

In the question above, Deidre would have chosen to babysit her neighbor's son. That to her is the next best use of her time, and therefore the opportunity cost. According to the question, she wouldn't have worked in the library even if she had nothing else to do. Hence, that does not pass as opportunity cost.

Opportunity cost must be an alternative choice and is very subjective.

Cheers!

For each of the following cases, calculate the arc price elasticity of demand, and state whether demand is elastic, inelastic, or unit elastic.
a. When the price of milk increases from $2.25 to $2.50 per gallon, the quantity demanded falls from 100 gallons to 90 gallons.
b. When the price of paperback books falls from $7.00 to $6.50, the quantity demanded rises from 100 to 150.
c. When the rent on apartments rises from $500 to $550, the quantity demanded decreases from 1,000 to 950.

Answers

Answer:

a. Arc price elasticity of demand = - 1. The demand is unit elastic.

b. Arc price elasticity of demand = - 5.40. The demand is elastic.

b. Arc price elasticity of demand = - 0.54. The demand is inelastic.

Explanation:

The formula for calculating arc price elasticity of demand is as follows:

Arc price elasticity of demand = Percentage change in quantity demanded / Percentage change in price ................ (1)

Where, based on the arc price elasticity of demand, we have:

Percentage change in quantity demanded = {(New quantity demanded - Old quantity demanded) / [(New quantity demanded + Old quantity demanded) / 2]} * 100

Percentage change in price = {(New price - Old price) / [(New price + Old price) / 2]} * 100

Therefore, we have:

a. When the price of milk increases from $2.25 to $2.50 per gallon, the quantity demanded falls from 100 gallons to 90 gallons.

Percentage change in quantity demanded = {(90 - 100) / [(90 + 100) / 2]} * 100 = -10.5263157894737%

Percentage change in price = {(2.50 - 2.25) / [(2.50 + 2.25) / 2]} * 100 = 10.5263157894737%

Substituting the values into equation (1), we have:

Arc price elasticity of demand = -10.5263157894737% / 10.5263157894737% = - 1

Since the absolute value of the arc price elasticity of demand is equal to 1, it implies that the demand is unit elastic.

b. When the price of paperback books falls from $7.00 to $6.50, the quantity demanded rises from 100 to 150.

Percentage change in quantity demanded = {(150 - 100) / [(150 + 100) / 2]} * 100 = 40%

Percentage change in price = {(6.50 - 7.00) / [(6.50 + 7.00) / 2]} * 100 = -7.40740740740741%

Substituting the values into equation (1), we have:

Arc price elasticity of demand = 40% / -7.40740740740741 = - 5.40

Since the absolute value of the arc price elasticity of demand is equal to 5.40 which is greater than 1, it implies that the demand is elastic.

c. When the rent on apartments rises from $500 to $550, the quantity demanded decreases from 1,000 to 950.

Percentage change in quantity demanded = {(950 - 1000) / [(950 + 1000) / 2]} * 100 = -5.12820512820513%

Percentage change in price = {(550 - 500) / [(550 + 500) / 2]} * 100 = 9.52380952380952%

Substituting the values into equation (1), we have:

Arc price elasticity of demand = -5.12820512820513% / 9.52380952380952% = - 0.54

Since the absolute value of the arc price elasticity of demand is equal to 0.54 which is less than 1, it implies that the demand is inelastic.

What are the four types of organization structures

Answers

Answer:

1. Functional

2. Divisional

3. Matrix

4. Flat

Explanation:

Have a nice day :)

Answer:

Four main organizational structure types are:

I. Functional

II. Divisional

III. Matrix

IV. Flat

Explanation:

I. Functional Structure:

Employees performing similar or similar tasks are grouped together in this structure. For example, the financial department consists of accountants, and the same is true in the departments of marketing, operations, and human resources. This structure makes quick decision-making possible because the members of the group have the same skills and interests to communicate easily and can improve their capacities by learning from each other.

II. Divisional Structure

This structure groups employee's by-products or projects that satisfy the requirements of a certain customer type. For example, a catering service restaurant could structure the staff in different departments, such as a wedding service or a department of wholesale retail services. Workers are divided in order to achieve maximum efficiency.

III Matrix Structure:

A matrix structure has a complex story structure since it combines both functional and divisional elements. It first divides employees by specialization, then divides them into departments by project and product. A lot of planning and effort is needed to make this structure but one e has increased the team's productivity, encourages innovation and creativity, and good decision-making.

IV Flat Structure:

The traditional top-down management system is prevented by a flat organizational structure. No concept of boss is in place, every employee is their own boss, eliminating bureaucracy and enhancing direct communication. An employee with an innovative idea or proposal, for example, does not contact every level of senior management in order for the manager to get the idea. The staff can communicate with each other directly at a peer level.

Which of the following does NOT describe the front-end business practices of firms that respect the strategic roles of purchasing?
a. Product development is regarded as a front-end business practice.
b. Creativity does not require discipline.
c. Marketing in general is regarded as a front-end business practice.
d. High level of uncertainty is about the fact that people have to make important decisions and although they do not have all the relevant information they need.
e. Front-end business practices are discovery-driven in that they explore and create from what they do not know about.

Answers

Answer:

b. Creativity does not require discipline.

Explanation:

Front end business practice is the strategy to develop and progress business activities from customer perspective. It focusses on customer demand and then products are customized according to customer needs. Marketing efforts are placed to inform customers about the different features of the product.

34. A written review request to the insurance carrier is the only way to
resolve incorrectly processed claims.

Answers

Answer:

False. That is one of many.

Explanation:

False. That is one of many.

Identifying your sources will help you to establish credibility.

Question 6 options:
True
False

Answers

Answer:

True

Explanation:

Identifying your sources help your audience believe that your information is reliable.

The statement is True. Identifying your sources will help you to establish credibility.

You can increase your trustworthiness by: Being competent is being knowledgeable in your chosen subject. Giving accurate, verified facts is being honest. Responsibility for your choices and deeds.

Why is it important to establish credibility?

Credibility is a crucial quality since it has the power to change people's habits, attitudes, and behaviors. Therefore, if a business, its representatives, or its brand lack credibility, others will be less inclined to trust what is being said or taught, making communication pointless.

You must be regarded as a reliable source of information and judgment by your team members if you want to build credibility. However, when it comes to establishing credibility, deeds speak louder than words. For instance, you risk losing people's confidence if you don't keep your word or make poor decisions without a clear plan.

Thus, Three factors trustworthiness, expertise, and dynamism were taken into consideration while evaluating the people we were working with when only considering their credibility.

Learn more about Credibility here:

https://brainly.com/question/8669599

#SPJ2

Troy Engines, Ltd., manufactures a variety of engines for use in heavy equipment. The company has always produced all of the necessary parts for its engines, including all of the carburetors. An outside supplier has offered to sell one type of carburetor to Troy Engines, Ltd., for a cost of $34 per unit. To evaluate this offer, Troy Engines, Ltd., has gathered the following information relating to its own cost of producing the carburetor internally:
Per Unit 21,000 Units
Per Year
Direct materials $ 14 $ 294,000
Direct labor 12 252,000
Variable manufacturing overhead 2 42,000
Fixed manufacturing overhead, traceable 9 * 189,000
Fixed manufacturing overhead, allocated 12 252,000
Total cost $ 49 $ 1,029,000
*One-third supervisory salaries; two-thirds depreciation of special equipment (no resale value).
1. Assuming the company has no alternative use for the facilities that are now being used to produce the carburetors, what would be the financial advantage (disadvantage) of buying 21,000 carburetors from the outside supplier?
Financial (disadvantage) ..................
2. Suppose that if the carburetors were purchased, Troy Engines, Ltd., could use the freed capacity to launch a new product. The segment margin of the new product would be $210,000 per year. Given this new assumption, what would be financial advantage (disadvantage) of buying 21,000 carburetors from the outside supplier?
Financial advantage ...................

Answers

Answer:

1. Financial disadvantage ($63,000)

2. Financial advantage $147,000

Explanation:

1. Calculation to determine what would be the financial advantage (disadvantage)

Per Unit

Differential

Costs 21,000 Units

Make Buy Make Buy

Cost of purchasing

$0 $34 $0 $714,000

($34*21,000 Units=$714,000)

Direct materials

$14 $294,000 $0 $0

Direct labor

$12 $0 $252,000 $0

Variable manufacturing overhead

$2 $0 $42,000 $0

Fixed manufacturing overhead, traceable1

$3 $0 $63,000 $0

($9 per unit × 1/3=$3)

Fixed manufacturing overhead, common

$0 $0 $0 $0

Total costs $31 $34 $651,000 $714,000

Financial (disadvantage) of buying the carburetors $ (3) $ (63,000)

($31-$34=$3)

($651,000-$714,000=-$63,000)

Based on the above information the company should REJECT the offer and they should CONTINUE TO PRODUCE the carburetors internally.

Therefore the FINANCIAL DISADVANTAGE of buying 21,000 carburetors from the outside supplier is ($63,000)

2. Calculation to determine the financial advantage (disadvantage)

Make Buy

Cost of purchasing $0 $714,000

($34*21,000 Units=$714,000)

Cost of making $651,000 $0

($294,000+$252,000+$42,000+$63,000)

Opportunity cost—segment margin foregone on a potential new product line $210,000 $0

Total cost $861,000 $714,000

Financial advantage of buying the carburetors $147,000

($861,000-$714,000=$147,000)

Based on the above calculation, the company should ACCEPT the offer and thereby PURCHASE the carburetors from the outside supplier.

Therefore what would be FINANCIAL ADVANTAGE of buying 21,000 carburetors from the outside supplier is $147,000

Who's Candice?you get 61 points if you answer

Answers

Candice is a delightful young lady

Answer:

A strong ,courageous, beautiful , educated woman

The prepaid insurance account had a beginning balance of $7,560 and was debited for $810 for premiums paid during the year.

Required:
Journalize the adjusting entry required at the end of the year.

Answers

Answer: See explanation

Explanation:

Debit Insurance Expenses = $8370

Credit Prepaid insurance = $8370

(To record insurance expense for the current year)

Note that:

Opening prepaid Insurance = $7560

Add: Insurance premium = $810

Insurance expense = $8370

g Suppose that an employer requires 4 years of education as a precondition for the high-productivity wage. The existence of a separating equilibrium will depend on the cost of education for high-productivity types. In this case, a separating equilibrium will exist if the cost of education for high-productivity types is less than X dollars per year. What is X

Answers

It’s requires 5 year

g The process of gathering information and forecasting relevant trends, competitive actions, and circumstances that will affect operations in geographic areas of potential interest is called ________. A. cultural analysis B. sustainable development C. environmental scanning D. internal analysis

Answers

Answer:

C. environmental scanning

Explanation:

Environmental scanning is a management strategy that focuses on systematically acquiring informations about occasions, trends, events or patterns through surveys and analysis of these information in an organisation's external and internal environment.

Basically, the informations acquired through environmental scanning are used by the executive (top) management in strategically planning the organisation's future and exploitation of available opportunities for the success of the organization.

Furthermore, the internal environmental scanning offers an organization strength and weakness while the external environmental scanning provides information about opportunities and threats.

On the other hand, the external environmental scanning gives an overview of the opportunities in the market as well as potential threats to an organization.

In conclusion, environmental scanning is a process which typically deals with gathering external and internal informations, forecasting relevant trends to an organization, competitive actions, and circumstances that will affect business operations in geographic areas of potential interest to an organization.

The types of management skills

Answers

Answer:

Technical Skills Technical skills involve skills that give the managers the ability and the knowledge to use a variety of techniques to achieve their objectives. ...