Why do companies have to study their environment first before venturing into new business?

Q: How to Maximize Profits.

A: Profit(π) is Total Revenue(TR) minus Total Cost(TR). TR is price(P) times the quantity(Q). TC is the…

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A: e-business is functioning very well during the pandemic, whether it was small or big business…

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A: basically an entrepreneur is a person who is the sole leader of any enterprise. it is because of…

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A: The existing food system (production, transportation, processing, packing, storage, retail,…

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Q: What plan that suggest alternative steps when faced with issues or failure?

A: An activity plan is composed with the goal that any representative can do the assignment effectively…

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A: Underground economy is the economic activities which are beyond the reach of tax regulators and…

Q: Economics helps managers focus on key issues.

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Q: e production possibilities

A: (a) The production possibility curve as follows.

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A: A social entrepreneur's work is social entrepreneurship. A social entrepreneur is someone who…

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A: There are many components that can be considered under the communication plan. 1- There is a need to…

Q: D and E

A: Game theory The strategic interplay of economic agents is modeled using game theory. One of the most…

Q: What are the Basic stages in Community Development Process

A: The brand personality, the function they serve (such as being a support group), the strong…

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A: Company’s Profit:The amount that left with the company after paying all the expenses of the company…

Q: Which rules are followed to be a successful entrepreneur?

A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: The Process of Communication Essay

A: Communication is the process of bringing individuals together in order to organise them around a…

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A: If the company is going to shut down,ultimately it will try to decrease cost and think of raising…

Q: Write key points highlighted on the three dimensions of Sustainability on the graphic organizer

A: Sustainability refers to or described by the various sources as capabilities of a system to endure…

Q: What important informations are required in evaluations?

A: Evaluation can be understood as a systematic and objective assessment of an ongoing or completed…

Q: What is a business and how does it work?

A: The term business refers to the combine efforts of individuals who are engaged in the profit-making…

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A: Many people and activities make up an organization. Companies strategize for the future while also…

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A: Awards and quality certifications increase the brand of the business organization. For the…

Q: the influence of companies on our consumption habits and business models based on consuming more and…

A: Each and every business has the profit maximizing and revenue Maximising objective .  And they…

Q: does new technology affect society?

A: Technology bring changes inthe way individuals communicate, learn, and think. In today's microwave ,…

Q: What is the impact of new technology?

A: The economy of a country will grow faster when positive changes in the economy occur. It can be…

Q: I only need answers on the highlighted ones please :)

A: c. Per unit profit is calculated as P/N. Refer to the graph to obtain the values of P and N.

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A: The demand for a consumer represents the desire to purchase a service or good. It acts as an…

Q: What role have leaders played in its formation and maintenance?

A: Answer in step 2

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A: Firms use various factors of production to be able to produce goods and services for sale. These…

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A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

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A: The services of microfinance lead to the empowerment of women through influencing the…

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A: Large businesses often undergo the process of incorporation in order to protect their owners from…

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A: It is the shareholders who own the corporations. The shareholders collectively have a great extent…

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A: Global company would be Amazon from which I frequently purchase products.

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A: There are mainly four type of business forms.

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A: The firm maximizes profit where the marginal revenue is equal to the marginal cost. The firm…

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A: Canada lacks natural resources severely.

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A: a)Non excludable and non rival. b)Excludable and non rival.

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A: ‘Enterprise’ refers to a project or undertaking, which is difficult, complicated or risky. It is a…

Q: Which organization would you choose for farming ?

A: When it comes to a private farm, the owner knows the operations and information(eg. acres,…

Productive and Allocative Efficiency Analysis

Productive efficiency, also referred to as production efficiency is a term in economics describing the level at which a company is operating at its maximum capacity. Beyond this point, the entity will be unable to manufacture any additional goods without cutting down another product’s production level. This occurrence is an outcome of production happening alongside a Production Possibility Frontier (PPF).