Your friend is starting a company and wants to identify the job their product will do for people. What advice would you give them

Answers

Answer 1

Answer:

they should make a google doc or slides and inform them with if

Answer 2

The ideal advice in this situation would be to put a plan in place to interview your first customers after they buy from you.

How to start a new business?

It is essential that the entrepreneur carries out business planning to identify the ideal actions to achieve his goal. Market research is also effective in identifying the needs and wants of potential consumers before starting a new business.

Therefore, conducting surveys with the first customers can help the entrepreneur to identify feedback on products and services, increasing their knowledge and coordination of the business.

Find out more about planning here:

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Related Questions

Quality control, quality assurance, and total quality management are all part of the _____ management viewpoint.

Answers

Answer:

Quality

Explanation:

Quality control, quality assurance, and total quality management are all part of the quality management viewpoint.

One of the biggest advantages of corporations is that investors cannot be held personally responsible for the debts of the business. This is the concept of​ _______.

Answers

Answer:

Limited liability.

Explanation:

A limited liability company (LLC) is a type of legal hybrid-business structure that can combine both partnership and corporation form of business, and the owners are only responsible for its debts with respect to the amount of capital they have invested. The first formal LLC statute was enacted by Wyoming in 1977 based on the Panamanian LLC and the 1982 German Code.

The operating agreement of a limited liability company establishes the company's method of management, allocation of profits and losses among members, member's rights and responsibilities, restrictions on the transfer of membership interests, voting power, and the process to be followed in dissolving the company.

One of the biggest advantages of corporations is that investors cannot be held personally responsible for the debts of the business. Hence, this is the concept of​ limited liability.

In conclusion, a limited liability company (LLC) refers to a private company in which the owners are legally responsible for the company's debts but only to the amount of capital he or she has invested.

Perfect Roofing Company receives a check from Quik Mart for fixing its roof, and indorses the check to Repair Supplies, Inc. (RSI) for materials previously supplied. Sam, RSI's owner, gives the check to Todd as a gift. In this situation, the party who is not an HDC of the check but who acquires HDC rights under the shelter principle is: a.Quik Mart. b.Perfect Roofing. c.Sam. d.Todd.

Answers

Answer:

d.Todd

Explanation:

In commercial law, a holder in due course (HDC) is the person or entity that has the legal right to collect payment. In this case, Todd wasn't even involved in the original transaction and might have never even heard of Perfect Roofing or Quick Mart, but he received a valid instrument as a gift from Sam. Under the shelter principle, the fact that Todd received the instrument from Sam in a legal way, qualifies him as an HDC.

3. What are some of the principles of the Future Farmers of America (FFA) creed?

Answers

Answer:

The FFA works at the local, state, and national levels, and its agricultural awareness campaign offers a comprehensive, realistic approach to foster development in farming.

Explanation:

FFA helps students improve their leadership skills and motivates young people to contribute positively to their schools, families, neighborhoods, and eventually their country.It increases understanding of agriculture's technological significance and its contribution to fellow human-being.  It offers a career in agriculture and therefore laid a path for students who have an interest in the field.

As you read through the draft of your message, you consider whether parts of your message should be rearranged to make your point more effective. Proofreading Evaluating Editing

Answers

Answer:

The correct answer will be "Editing".

Explanation:

Editing seems to be the process where even the letter being written is reconstructed or reconfigured to more efficiently express the letter. Arranging, modifying, as well as assembling a recorded, written, or video content for official completion, commonly by such an individual except for the producer of the content (considered as an editor).

The other options in question aren't relevant to the particular circumstance. So the option available here is just the right one.

ALFA Electronics has been trading around 70. A customer tells his registered representative that if 1,000 shares of the stock can be purchased in a single attempt, the customer will take it. If not, the customer is not interested and the order should be canceled immediately. How should the representative enter this order

Answers

Answer: A)1,000 ALFA FOK at 70

Explanation:

From the question, we are informed that ALFA Electronics has been trading around 70 and that a customer tells his registered representative that if 1,000 shares of the stock can be bought in a single attempt, the customer will take it and if not, the customer is not interested and the order should be canceled immediately.

Tge representative should enter this order as 1000 ALFA FOK at 70. It should be noted that a fill-or-kill (FOK) order showss that a customer wants an order to be filled at once in its entirety or the order will have to be canceled.

Seal Polymer Industries (SPI) sold two freight containers of latex gloves to Med-Express, Inc., a company based in North Carolina. When Med-Express failed to pay the $104,000 owed for the gloves, Seal Polymer sued in an Illinois court and obtained a judgment against Med-Express. Med-Express argued that it did not have minimum contacts with Illinois and therefore the Illinois judgment based on personal jurisdiction was invalid. Med-Express stated that it was incorporated under North Carolina law, had its principal place of business in North Carolina, and therefore had no minimum contacts with Illinois. Can SPI sue Med-Express in an Illinois court? Why or why not? Which statute (rule) applies here? Be specific, as there is a right answer here.

Answers

Answer:

Can SPI sue Med-Express in an Illinois court? Why or why not? Which statute (rule) applies here?

Yes, SPI can sue Med-Express in an Illinois court due to the minimum contacts doctrine. This is an actual court case that the North Carolina Court of Appeals ruled in favor of SPI. The minimum contacts rule states that in order for a business to be sued in another jurisdiction it must have maintained minimum contacts with residents of that state. Minimum contacts may include making business with individuals or companies that reside in the other state, visiting the other state or incorporating in the other state. In this case, Med-Express made business with SPI, and SPI is a resident of Illinois.

Yes, Seal Polymer Industries (SPI) can sue Med-Express in an Illinois court under the condition of minimum contact rule, as Med-Express has traded with SPI earlier which is a minimum contact.

What was SPI and Med-Express case in Illinois courts?

Med-Express purchased two freight containers of latex gloves from Seal polymer industries and did not paid the amount for that. SPI sued Med-Express, in the Illinois court and asked for the recovery of its money.

Seal polymer industries can sue Mid-Express in the Illinois courts itself under the minimum contact condition of Minimum contact doctrine as they have traded before.

Therefore, Yes, the Seal polymer industries can sue Mid-Express in the Illinois court under the minimum contact rule.

Learn more about the Illinois court case, here,

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Current liabilities are those obligations that are payable within ______ or the operating cycle whichever is ____.

Answers

Answer: one year; longer

Explanation:

Current liabilities are those obligations that are payable within one year or the operating cycle whichever is longer.

Current Liabilities are debt that a company owes that are due usually within a year but if the operating cycle of the business is longer then current liabilities will be those owed for the operating cycle.

Examples include; Accounts Payable, Interest payable, Income taxes payable and bank overdrafts.

Which activity involves collection of project information, analysis and evaluation of the collected data, and presentation and communication of the information?

Answers

Answer:

Monitoring

Explanation:

Monitoring is the activity that involves collection of project information, analysis and evaluation of the collected data, and presentation and communication of the information. It is the process of gathering, keeping track record and reporting information relating all project performance features which the Project Manager (or other assigned administrator in the organization) wants to know about. The process of monitoring is totally different from Controlling (it compares the planned and monitored performance of project) and Evaluation (quality and effectiveness based judgement).

You have $100,000 to donate to your college. You want to endow a perpetual scholarship that makes its first payment in 1 year. If the college's discount rate is 5%, how large will the annual scholarship payment be?

Answers

Answer:

$5,000

Explanation:

Calculation for how large will the annual scholarship payment be

Using this formula

Cash Flow= Present Value x Rate

Where,

Present Value =$100,000

Rate=5%

Let plug in the formula

Cash Flow=$100,000*5%

Cash Flow=$5,000

Therefore how large will the annual scholarship payment be is $5,000.

The sales representatives at AdVance have been told by the CEO that they need to start using social media every day to help them close sales. Most of these reps are already using social media personally, but have not been using it in a business setting. Describe what is the best strategy for them to use to follow the CEO's request?

Answers

Answer: D) Interact more actively with clients and potential clients on social media, but without pushing business.

Explanation:

The options given are:

A) Post statistics and benefits of AdVance fertilizers on their personal accounts.

B) Begin work accounts that are separate from their personal accounts, and focus on posting images sent from the marketing department.

C) Send private messages to all their personal friends on social media asking them to purchase AdVance fertilizer.

D) Interact more actively with clients and potential clients on social media, but without pushing business.

E) Post photos of their vacations and purchases to show that they are successful at AdVance.

Based on the scenario portrayed in the question, the best strategy for them to use to follow the CEO's request is for the sales representatives to interact more actively with clients and potential clients on social media, but without pushing business.

Social media is a platform for people to interact, discuss issues and pass messages across to each other. Hence,

through the interaction with clients, the sales representatives can discuss new products and ask about the well being of their customers and clients which will help in enhancing customer relationships.

Interaction with customers can also help in building loyal customers and having a long lasting relationship with them. Customers are vital for businesses and it's vital for companies to always protect and keep them.

which will typically decrease with large number of units produced, fixed costs, total variable costs, fixed cost per unit, varable cost per unit

Answers

Answer:

fixed cost per unit,

Explanation:

Fixed cost is cost that does not vary with output. It remains constant regardless of the units of output produced. An example of fixed cost is rent.

fixed cost per unit = fixed cost / output

Let us assume that rent (fixed cost) is $500. When output is 1 unit,  fixed cost per unit = $500 / 1 = $500

when output is 2 units,  fixed cost per unit = $500 / 2 = $250

when output is 10 units ,  fixed cost per unit = $500 / 10 = $50

Shiro enrolled in Composition 101, a three-credit course. If this class meets twice a week, how long should Shiro expect each class to last

Answers

Answer:

About 90 minutes

Explanation:

Three-credit course shall mean a three hour class each week. Three hours =  [tex]\times[/tex] 60 minutes = 180 minutes.

Since it is provided that there will be two classes each week, the duration of each class shall be = [tex]\frac{180}{2} = 90[/tex] minutes.

With this the three-credit course condition shall be fulfilled.

A __________ processing system is the basic business system that serves the operational level (analysts) and assists in making structured decisions?

Answers

Answer:

operating? ndnd

Explanation:

Transaction Processing System??

Benito's family is thinking of relocating from Los Angeles to Oakland to save money. They set up a budget comparing the cost of living for both cities. Oakland Los Angeles Budget Item Cost Cost Housing $565 $1200 Food $545 $655 Health Care $245 $495 Taxes $450 $625 Other Necessities $350 $495 Monthly Total How much money will they save monthly by the move to Oakland? $1315 $1560 $1665 $1765

Answers

Answer:

Total monthly saving = $1,315

Explanation:

Given:

                         Oakland     Los Angeles  

Cost Housing       $565        $1200

Food                     $545        $655

Health Care          $245        $495

Taxes                    $450         $625

Other Necessities $350        $495

Find:

Total monthly saving

Computation:

Saving in house = $1200 - $565 = $635

Saving in food = $655 - $545 = $110

Saving in health care = $495 - $245 = $250

Saving in taxes = $625 - $450 = $175

Saving in necessities = $495 - $350 = $145

Total monthly saving = $635+$110+$250+$175+$145

Total monthly saving = $1,315

Answer:

A) $1,315

Explanation:

I took the test on Edge

Which is the lean principle where managers and employees seek to uncover waste in business activities including accounting activities such as payroll and disbursements?

Answers

Answer:

Total Quality Management

Explanation:

Total Quality Management is a business technique or system that focuses on best quality of operations in the workplace in its entirety. As the entire business operations are covered it not only focuses on the quality of products manufactured or services provided but also on all the internal business operations as well.

This provides for the better performance at workplace in accounting activities as well, as all the systems are closely monitored to perform at their best capacities.

True or False: Your local floral shop has finally decided to implement a social media marketing strategy. You would be wise in telling them to start marketing on all of the social media platforms.

Answers

Answer: False

Explanation:

There are multiple steps involved in the implementation of a social media marketing strategy which is why once it is implemented, it would be unwise to immediately start to advertise across all social media platforms.

The floral shop should begin by setting goals it hopes to acheive with this kind of marketing, then ascertain its targets and analyse the competition to learn how they go about social media marketing.

Once these (and a couple of others depending on the business) are done, decide which platforms will best serve the shop and start creating and posting good content.

When Track Changes has been used to edit a document, any insertions are _____.

Answers

Answer:

hidden

Explanation:

my birthdays coming up... what should I ask for since everyone is asking :/

Answers

Answer:

a ps5 or xbox or switch or pc

Explanation:

cause gaming

Oculus Quest if you are a gamer

1. Raphael pays Better Buy $800 to for a new high-definition television (HDTV) and its installation. He's attracted by Better Buy's guarantee that he'll be happy with the new HDTV, or he'll get his money back.
2. Better Buy pays Firedog $650 to install the HDTV
3. Firedog buys hardware worth $50 from The Home Station
Compute contributions to GDP, using the expenditure approach. Assume that The Home Station receives the hardware at no charge and that other costs are zero
Hint: Add the amount of money spent by buyers of final goods and services
Which of the following would be included in the expenditure method of calculating GDP?
1. Raphael spends $800
2. Firedog spends $50
3. Better Buy spends $650
The total contribution to GDP, measured by the expenditure method, is_________
Now use the following table to compute contributions to GDP, employing the resource cost-income approach. In particular, indicate the costs of intermediate goods and the value added at each stage of production Stage of Production
The Home Station Firedog Better Buy Sale Value $50 $650 $800 Cost of Intermediate Goods Resource Cost-Income sale value value added cost of intermediate goods
The contribution to GDP that you found using the expenditure approach corresponds to the sum of the ______ at each stage of production.

Answers

Answer:

A. Raphael spend $800

B.$800

C.VALUE ADDED

Explanation:

A. The amount of $800 is the amount that would be included in the expenditure method reason been that Rapheal used the amount of $800 to pay for a new high-definition television (HDTV) as well as its installation

B. The total contribution to GDP which is measured by the expenditure method, is the amount of $800 calculated as :

The Stages of Production; The Sale Value - The Cost of Intermediate Goods = VALUE ADDED

The Home Station $50 - $0 = $50

Firedog $650 -$50 =$600

Better Buy $800- $650=$150

TOTAL $800

($50+$600+$150)

C.The contribution to GDP that you found using the expenditure approach corresponds to the sum of the VALUE ADDED at each stage of production

Some information found on a municipal bond confirmation is only relevant to new issues. One example of this type of information is

Answers

Answer:

The following can be found on a Municipal Bond (MB) confirmation is:

the conditions of payment of interest and principal of the bond.

Explanation:

MBs are a type of debt security sold by government and or organizations trying to raise capital. People who purchase the bonds are called bondholders. The bonds are usually given out at a predetermined interest rate.

The terms of payment define how and when the payment will be made. For instance, some bonds start to yield biannually until the principal is paid back. If it is a 3-year bond, then the principal is returned after three years.

Following from the explanation above, a typical term of payment of interest and principal would look like this:

Bond to Mature after three years with a biannual interest of 3%

Cheers!

Which is the best measurement to use to determine who might have the absolute advantage?
high opportunity cost
low opportunity cost
low efficiency
high efficiency

Answers

Answer:

low opportunity cost

Explanation:

Opportunity cost is described as a process in which an individual sacrifices something when they tend to choose one thing or option over another option or thing.

Low opportunity cost: The term "low opportunity cost" is determined as the possibility of an individual's chosen investment returns to be lower than the forgone investment's returns.

Answer:

High Efficiency

Explanation:

Edge 2021

In the video "Demonstrating Time Management," while Angie and Mandy are having a conversation, Cindy enters, looking for food because she didn't have time to go to lunch. What should Cindy have done

Answers

Answer: the one that's circled

Is the answer

Explanation:

4. What data privacy or legal issues could result from employees' use of the Internet on their company's server? (2 points)

Answers

Explanation:

Data privacy issues:

risk of network compromiseallows easy monitoring of employees' internet activities.

Legal issues:

bad employees could criminalize the organization

A risk of network compromise exists when employees use the Internet on their company's server because if an employee's credential is stollen, a bad actor could gain entry into the organization's system. Also, the company could intrude into the private information of employees using its network.

A bad employee could cause legal issues for the company by using the company's network to carry out illegal activities online which may be traced to the company.

Answer:

hi

Explanation:

A company's ________ tells you how much money the company has left over after subtracting all expenses. A. Net profit B. Gross profit C. Revenue D. Cost of goods sold

Answers

Answer:

A. Net Profit

Explanation:

Answer:

Net Profit (A)

Explanation:

Edge 2021

Bit rate can be scaled down by reducing the resolution and applying ____________ techniques.​ question 26 options:

Answers

Answer:

compression

Explanation:

Bit rate refers to the size of an electronic object that is created digitally. As for example 2 kb, 4 mb for an image or document or video, etc:

Further the size can be reduced if the image is cropped, or the resolution is decreased.

By cropping the bite rate is reduced as now the object is smaller, or in case compression technique is used, the object tends to reduce in size again.

The resolution being hd or non-hd helps to reduce the size too.

The most significant challenge in international accounting for American
companies is ____?

A. managing multiple currencies
B. implementing cloud computing
C. following GAAP
D. complying with the Sarbanes-Oxley Act

Answers

Answer:

A

Explanation:

I just got it wrong and it told me it’s A

During its first year of operations, Anthony Lupa set up Lupo Inc. and invested $15,000 in the corporation. The company earned $35,000 of revenues and incurred $23,000 of expenses. A cash dividend of $2,000 was paid to Anthony. At the end of the year, the company's equity totaled:__________.a. $13,000b. $15,000c. $25,000d. $75,000

Answers

Answer:

Company's equity = $25,000

Explanation:

Given:

Amount invested = $15,000

Earned Revenue = $35,000

Expenses = $23,000

Cash dividend = $2000

Find:

Company's equity

Computation:

Company's equity = $15,000 + $35,000 - $23,000 - $2,000

Company's equity = $25,000

Which of these producer activities did you participate in this week? Check all that apply.
U
I served people at a restaurant, hotel, coffee shop, or other business.
I worked in a bank, library, or retail store.
I created art to be sold in an art show
I made a product
I did yard work or other chores for pay.

Answers

Answer:

2nd and 4th

Explanation:

Answer:

2 and 4

Explanation:

Jeff deposits $3,000 into an account which pays 5 percent interest, compounded annually. At the same time, Kurt deposits $3,000 into an account paying 3 percent interest, compounded annually. At the end of three years:________ 1) Kurt will earn exactly twice the amount of interest that Jeff earns. 2) Kurt will have a larger account value than Jeff will. 3) Kurt will have a smaller account value Jeff will. 4) Jeff will have more money saved than Kurt. 5) Both Jeff and Kurt will have accounts of equal value

Answers

Answer:

Kurt will have a smaller account value than Jeff will

Explanation:

The formula for calculating future value = A (B / r)

B = [(1 + r)^n] - 1

Jeff : $3000 x [(1.05^3 - 1 ) / 0.05] = $9457.50

Kurt :$3000 x [(1.03^3 - 1 ) / 0.03] = $9272.70

Jeff would have a higher account value than Kurt

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