An entrepreneur purchased an existing bicycle shop that had between $120,000 and $150,000 worth of sales annually for the past three years. during the first year under new ownership, there was a devastating winter with numerous snowstorms, so sales, which usually pick up in march, were very low until the beginning of may. there is usually an increase in sales between march 1 and june 30 that accounts for 50 percent of the store's annual revenue. what would the forecasted sales be for the entrepreneur's first year? what recommendations do you have for the entrepreneur based on your projection?
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Business, 21.06.2019 16:30
Suppose the number of firms you compete with has recently increased. you estimated that as a result of the increased competition, the demand elasticity has increased from β2 to β3 (i.e., you face more elastic demand). you are currently charging $10 for your product. what is the price that you should charge if demand elasticity is -3?
Answers: 3
Business, 22.06.2019 11:00
Why are the four primary service outputs of spatial convenience, lot size, waiting time, and product variety important to logistics management? provide examples of competing firms that differ in the level of each service output provided to customers?
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Business, 22.06.2019 11:40
In each of the following, what happens to the unemployment rate? does the unemployment rate give an accurate impression of whatβs happening in the labor market? a.esther lost her job and begins looking for a new one.b.sam, a steelworker who has been out of work since his mill closed last year, becomes discouraged and gives up looking for work.c.dan, the sole earner in his family of 5, just lost his $90,000 job as a research scientist. immediately, he takes a part-time job at starbucks until he can find another job in his field.
Answers: 2
Business, 23.06.2019 23:30
Which of the following statements about corporate culture is true? diversity in the workplace can lead to better performance corporate culture, while important, has not been related to performance the elements of a corporation's environment that are visible (dress, offices, etc.) represents the organization's corporate culture at all levels
Answers: 2
An entrepreneur purchased an existing bicycle shop that had between $120,000 and $150,000 worth of s...
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