It’s been a year since roland started a small retail business. his only supplier went bankrupt after a few months. roland’s business thus ran into large-scale losses. how should roland face his business failure?

a.

he should give up entrepreneurship and come up with a new mission for his life.

b.

he should hold on to his entrepreneurial vision and learn from his past mistakes.

c.

he should change his line of business.

d.

he should try to achieve relatively less challenging business objectives.

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)

Draw, label and explain the circular flow model (cfm). include the following: firms, households, product market, and factor (or resource) market.who owns the productive resources? what are those resources? what payment does each type of resource earn? explain the two markets in the cfm and explain the roles that firms and household each play in the cfm.

What are some examples of types of investments on the part of manufactures that result in growth? how does this improve a nation's standard of living?