Explain why it is important for
entrepreneurs to talk with industry
experts when developing the new
business concepts​

Answers

Answer 1

Explanation:

Cause they are expert in that kind of task will make thing look faster and easy to deal with while having any problems that arise on the long run of the business, experts will have a ways of making solutions to that cause they have deal with series of serious issues relating to that


Related Questions

Why is account management important in the vegetable farming ? give reason . ​

Answers

Answer:

Money

Explanation:

The expected result of farming would be to make money, account management would help the most in making money. With account management, you can see how well your farm is producing money which in turn can tell you if you are growing quality crops or a crop that your clients want the most.

Answer:

It is important to appreciate the fact that modern business management principles can assist the farmer or farm manager, no matter how small his farm may be and however meager his capital. This is because of the two major tasks facing today’s farm managers.

Explanation:

Importance of agriculture in the Food supply Agriculture is the world’s leading source of food items. All the food substances that are essential viz. Agriculture produces vegetables, proteins, and oils. The carbohydrates provide all living beings with energy.

According to Peter G. Keen, a former MIT professor, which is a benefit of a decision support system (DSS)

Answers

According to Peter G. Keen, a benefit of a decision support system is that it helps in making better decisions.

A decision support system simply means a computerized program that is used for supporting judgments in an organization. It's used for decision-making.

According to Peter G. Keen, a decision support system is also vital as it helps in increasing communication and saves costs. It also aids new insights and learning.

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The marginal product of labor is the
a. value marginal product of labor multiplied by the price of the good produced.
b. total output of labor divided by the quantity of labor used.
c. additional output resulting from employing one additional unit of labor.
d. same as the marginal revenue product of labor in price-taker markets.

Answers

i dont know sorry

Explanation:

True or False: Your company manufactures and sells a complex solution where a lot of expertise and value is delivered through company sales reps. Product margins are thin. For these reasons, you should use an Indirect sales channel.

Answers

True; the company should use an Indirect sales channel.

By definition;

An indirect sales channel is the sale of a good or service by a third-party, which may be a partner or affiliate, rather than a company's personnel.

According to the question;

The company manufactures and sells a complex solution where a lot of expertise and value is delivered through company sales reps.

As a result, Product margins are thin.

For these reasons; an indirect sales channel is used as it involves subcontracting the sales to a third party, thereby relieving the company of sales responsible.

Ultimately, True; the company should use an Indirect sales channel.

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the term ________ is described as a formal means of analyzing long-range investment alternatives.

Answers

The answer is capital budgeting

As chief financial officer, you want to send the fourth quarter profit/loss spreadsheets to the president of the company. How can you send the report without worrying about someone else accessing it

Answers

The chief financial officer can send the Financial report without worrying that someone else will access it by encrypting the report, with accessible key only known by the chief financial officer and President.

Usually, there are situation when a third party (like the President assistant) can assess his mails through delegation , therefore, the chief financial officer needs to ensures the financial report are not accessible by him

Therefore, the chief financial officer can send the Financial report without worrying that someone else will access it by encrypting the report, with accessible key only known by the chief financial officer and President.

In conclusion, encryption of the financial report is the best way to ensure others does not have access to it.

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Which global facility type manufactures products at low cost but with skilled workers and significant managerial resources

Answers

A global facility type which takes advantage of low cost raw materials and skilled labor for production purpose is called an offshore factory.

Offshore factories are located outside a manufactures home country in a bid to take advantage of low cost raw material and skilled and good managerial resources.

After production is done, the finished product are then imported back into the manufacturer's home country.

Hence, the missing phrase is offshore factory.

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T. Hillcrest Co. sold $500 of merchandise on a bank credit card with a 5% fee. The entry to record this sales transaction would include debit(s) to:

Answers

Answer:

Cash for $475 and Credit Card Expense for $25

Explanation:

Cash for $475 and Credit Card Expense for $25

While fallon worldwide was working with arby’s executives on its campaign, it was decided that the ________ for the campaign should be to increase demand for arby’s other menu items since arby’s consumers primarily associated the restaurant with roast beef and lacked an awareness of arby’s other protein offerings.

Answers

The target audience is simply known to bee the consumer to which goods are intended for. While Fallon worldwide was working with Arby’s executives on its campaign, it was decided that the advertising objective for the campaign should be to increase demand.

Advertising is known to consist of some primary objectives such as to inform, to persuade, and to remind.

The goal is simply to make consumers to take action and switch brands, try a new product, or remain loyal to a current brand.

Advertising is kknown as a printed, written, oral and illustrated art of selling. that is aimed to encourage sales of the advertiser's products.

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4. The journal entry to record costs related to extraordinary repairs would include a __________ to __________.

Answers

Answer:

First blank - Debit

Second blank - Accumulated Depreciation

Hope this Helps!

how did craft unions and industrial unions differ?

Answers

Answer:

How did craft unions & industrial unions differ? A craft union is made up of skilled workers who work in a specific trade. ... In industrial union there are all different workers regardless of their trade or skill. This could be found in a steel factory.

Which organizational pattern puts emphasis on the benefits of the speaker's policy in comparison to the alternatives but is based on a problem-solution structure

Answers

Organizations often have various patterns in which they run their day to day activities. The organizational pattern puts emphasis on the benefits of the speaker's policy is Comparative advantage.

Comparative Advantages is simply known to be the final process for putting together a persuasive speech is called

The goal of this organization pattern is aimed to compare items while placing them side-by-side and show why a product is more better than the other.

It is often used by people, speaker, organization when comparing two things

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the three major factors associated with corporate social responsibility are

Answers

Based on the socio-economic analysis, the three primary factors associated with corporate social responsibility include "society."

The other two significant factors associated with corporate social responsibility include the following:

EthicsEnvironment.

Corporate social responsibility is a term used to describe the practices and policies of business firms or companies to operate in a way that benefits their environment at large, instead of degrading or affecting the environment.

Corporate Social Responsibility involves economic and philanthropic responsibilities, all of which form the social-environmental and ethical responsibilities.

Hence, in this case, it is concluded that the correct answer is society, ethics, and the environment.

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Four companies have each issued $6 million in bonds. Which company will have the lowest balance in a contra account, without having a zero balance, assuming this is the first bond issuance for all four companies

Answers

The company with the lowest balance in a contra account (Bonds Discounts) is A Company 2, which sold their bonds at 94.

Data and Calculations:

                                             Co. 1              Co. 2            Co. 3        Co. 4

Face value of bonds   $6,000,000  $6,000,000 $6,000,000  $6,000,000

Selling rate                            99              94               101                105

Proceeds from bonds $5,940,000  $5,640,000  $6,060,000  $6,300,000

Premium / (Discounts)  ($60,000)   ($360,000)      $60,000     $300,000

Company 1's balance in the contra account (Bonds Discounts) is $60,000, Company 3's is $60,000 (Bonds Premium), while Company 4's balance is $300,000 (Bonds Premium).

Thus, the company with the lowest balance in a contra account is A.

Options:

A. Company 2, which sold their bonds at 94  

B. Company 4, which sold their bonds at 105  

C. Company 1, which sold their bonds at 99  

D. Company 3, which sold their bonds at 101

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The descriptions give the responses of four individuals to a Bureau of Labor Statistics (BLS) survey of employment. 1. Mollie just graduated from college and is now looking for work. She has had three job interviews in the past month. 2. George works in an automotive assembly plant. He was laid off six months ago as the economy weakened. He expects to return to work in several months when national economic conditions improve. 3. Jeanette worked as an aircraft design engineer for a company that produces military aircraft until she lost her job last year when the federal government cut defense spending. She has been looking for similar work for a year, but no company seems interested in her aircraft design skills. 4. Ricardo lost his job last year when his company downsized and laid off middle-level managers. He tried to find another job for a year but was unsuccessful and quit looking for work. Refer to the above information. Which individual is structurally unemployed

Answers

Based on the information described above, the structurally unemployed individual is "Jeanette."

This is because structural unemployment is a form of unemployment whereby an individual is experiencing a non-correlation between his skills and the skills required of workers by employing industries.

In Jeanette's case, she has the skills of aircraft design engineering. However, no company is interested in her aircraft design skills. This shows structural unemployment.

Some of the causes of structural unemployment include the following:

Foreign competition in labor;Outsourcing of production aboard;Robots replacing humans;Labor immobility;Reduction in manufacturing industries, etc.

Hence, in this case, it is concluded that Jeanette is the structurally unemployed one.

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A sale-on-approval contract occurs when the seller and buyer agree that the buyer may return the goods at a later time. A sale-on-approval contract occurs when the seller and buyer agree that the buyer may return the goods at a later time. false true

Answers

Based on the definition of a sale-on-approval contract, it is indeed TRUE that a buyer can return the goods later.

As sale-on-approval contract:

Means that the buyer receives goods but have to test it first to know if they can accept it Means that the buyer can return the goods to the seller if they do not accept the gods

After the buyer tests the goods bought via a sale-on-approval contract, they then have the choice to keep it and pay for it or send it back to the seller.

In conclusion, a sale-on-approval contract allows a buyer to return the good at a later date.

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what is the maximum number of characters allowed in the account number field?

Answers

Answer:

The following is a list of the maximum number of characters (letters, numbers and so on) that you can enter in the fields specified: Account Name: 31 Account Numbers: 7 Amount: 99,999,999.99 (Maximum number allowed)

Explanation:

What do you mean by the vocations based on capital ? Explain with examples​

Answers

Answer:

Capital asset -investment activity is vocation or business being an adventure or concern in nature of commerce. Income/ loss from such activity will fall under different heads of income.

Explanation:

this is the correct answer

As described by capgemini, what aspect of smart products used an industry 4.0 environment would focus on using sensor technology to give access to condition information regarding products and their environment?

Answers

A product can be described using different aspects of it. The Aware aspect of smart products is often used an industry 4.0 environment to focus on using sensor technology.

Smart Products in Capgemini are known to be cyber-physical

systems that gives new features and functions  using connectivity.

Smart Services  often makes up new paths for entirely new business

models and markets via innovative  service offerings and delivery models.

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Monica has created her own cleaning solution. Monica's friends encourage her to sell the cleaning solution; they think it is so fantastic they believe Monica will make a lot of money on it. They encourage Monica to apply for a patent on the cleaning solution formula so that no one can copy it, and so Monica will be the only one who can sell it. Monica likes the idea of making a lot of money but knows she will have to reveal her formula to obtain a patent, otherwise she would have to keep it a trade secret. If Monica decides to apply for and receives a patent on the cleaning solution: __________

Answers

If Monica decides to apply for and receive a patent on the cleaning solution, she must disclose the formula, but she has the exclusive right to make and sell it for twenty years.

This solution is based on US patent law, which seeks to encourage inventors to develop new technologies under the exclusive right of use for a limited time.

Patent law specifies a period of 20 years for the use of exclusive patent rights, which period may be extended if requested.

Therefore, if Monica decides to apply for and receive a patent on the cleaning solution, she will be able to make, use, sell and import her invention with the right to exclude others.

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Look for factors that will help you determine what type of economy exists in Country A. Based on the clues in this passage, what type of economy does Country A have? developed developing transitioning command.

Answers

Answer:

B. developing

Explanation:

just did it

Answer:

b

Explanation:

bc

How is increasing government spending on more roads and airports a good idea/ bad idea

Answers

Answer:

Bad

Explanation:

The increased government spending may create a multiplier effect. If the government spending causes the unemployed to gain jobs then they will have more income to spend leading to a further increase in aggregate demand.

Alex just got a new car. Because Alex obtained full-coverage car insurance, Alex will have an incentive to ______ because of ______.

Answers

Since Alex obtained full-coverage car insurance, he will have to drive more cautiously than if he didn't have insurance because of moral hazard.

Moral hazard simply means a risk that an individual has not entered into a contract in good faith or the person provided inadequate information about his assets.

In this case, since Alex just got a new car and obtained full-coverage car insurance, Alex will have an incentive, he'll have to drive more cautiously than if he didn't have insurance due to moral hazard.

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cash transactions involving the purchase and sale of long-term assets and current investments are classified on the statement of cash flows as activities.

Answers

When such transactions involving long-term assets and current investments are put into the statement of cashflows, they are classified as Investing activities.

Investing Activities:

Include the purchase or selling of fixed assets Also include transactions involving investments in other companies in terms of shares and bonds

Long-term assets are fixed assets and current investments refer to those in other companies so these are considered investing activities.

In conclusion, these are investing activities.

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PLEASE!!!!!!!!!!!!!!!!! I"'LL GIVE BRAINLIEST!!!!!
What is the best way to avoid gossip in the workplace?

Keep communication professional

Avoid joining cliques

Avoid joining teams

Only use positive verbal communication

Answers

Answer:number one

Explanation:

When a company recognizes a cash revenue event that is subject to state sales tax, the balance in the Cash account increases by ______ the amount of revenue.

Answers

Answer: more than

Explanation:

Since their is a tax rate , it will get added on to the cash which would make it MORE THAN the actual amount

what factors determine the elasticity of resource demand?

Answers

Answer:

the rate of decline of mp

2. A company has the following liabilities as of December 31: Accounts payable $150,000 Notes payable (current portion) 217,000 Salaries and wages payable 55,000 Installment notes payable 1,140,000 Interest payable 32,000 Payroll taxes payable 15,500 What is the amount of total current liabilities reported on the balance sheet

Answers

The amount of total current liabilities reported on the balance sheet equals $469,500.

Current liabilities entails set of amount or responsibility owed within an accounting period.

Particulars                                       Amount

Accounts payable                          $150,000

Notes payable (current portion)    $217,000

Salaries and wage payable           $55,000

Interest payable                             $32,000

Payroll taxes payable                     $15,500  

Total current liabilities                  $469,500

Therefore, the amount of total current liabilities reported on the balance sheet equals $469,500.

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A firm estimates its average total cost at 90 units of output to be $15. If the firm can sell all of its output at a market price of $5, what is its total profit

Answers

Answer:

435

Explanation:

5(90)=450-15=435

personal finance question,, think its a or b??? i second guess myself alot lol

Answers

Answer:   C

Explanation:

Answer:

It is either B or C. But, C is most reasonable.

In your job application, you must sound professional so they actually think about hiring you, or by sounding professional, it gives you a higher chance of getting the job.Why I think it's B is because it's quite helpful having a paper and online copy. But it's not essential. Having either or is enough.

I hope this helped at all.

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