Which statement BEST describes how to present the business concept in a business plan?
a. Omit references to customers since they will be discussed later in the plan.
b. Establish the context for everything else included in the business plan.
c. Present the concept in narrative form withoutvisuals.
d. Focus it on features of the product or service involved.
e. Omit visuals at this point.
b
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A company has a cash ratio of 2.3. What does this imply?
A) The company has an unnecessarily large amount of cash and cash equivalents. B) The company does not have enough cash supply. C) The company is not in a position to pay off its long-term liabilities. D) The company is not in a position to pay off its current liabilities.
The breakeven point is the point at which
a. fixed costs equal variable costs. b. contribution margin equals fixed costs. c. sales equal variable costs. d. fixed costs equal sales.
If a cost complement is 0.8, that means _____
a. the firm has a gross margin of 80 percent b. 80 cents of each retail sales dollar covers the merchandise cost c. stock shortages are 20 percent of sales d. the firm is profitable
HNW Ltd. HNW Ltd. manufactures and sells food processors. A popular consumer magazine has recently evaluated food processors and has ranked HNW's processors as being of "poor quality". As a result, HNW's management team has begun to analyze all costs associated with their food processors in more detail, and the following data has been compiled: Scrap costs $ 80,000 Quality training 75,000
Warranty claims 100,000 Rework costs 50,000 Inspection of incoming materials 30,000 Product quality audits 60,000 Statistical process control 40,000 Refer to the HNW Ltd. information above. What are HNW's total internal failure costs? A) $50,000 B) $130,000 C) $230,000 D) $170,000