When starting a new business, an owner needs to take into account how far a customer will travel for the product or service to be sold.
Answer the following statement true (T) or false (F)
True
An entrepreneur should ask, "What is a reasonable geographic customer draw for a new business?" There are limits to show how far someone will travel.
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"What shall we do about the problem?" is the question that would most likely be asked during the ______ stage of OD.
A. changing B. diagnosis C. feedback D. treatment or intervention E. evaluation
Michael's sets goals at the top of the organization. Then, it breaks down these objectives for merchandise categories and regions. When these objectives reach the buyers, each objective is personalized. What does this process demonstrate?
A. Functional development B. Decentralized planning C. Indirect planning D. Top-down planning E. Accountable design planning
Mack Jacoby sells building supplies. His annual sales equal $450,000. His total fixed costs annually equal $75,000. The cost of goods sold annually is $335,000. Calculate his gross profit percentage.
A. 34.3% B. 20.3% C. 11.9% D. 25.6% E. Cannot be determined from information given
A company reports the following results in its financial statements: ??Year 3Year 2Year 1Net Sales…………….………………….?$2,500,000 $2,100,000 $1,900,000Accounts receivable, Ending Balance…?172,000167,000165,000Calculate the company accounts receivable turnover for Year 2 and Year 3. Compare these two results and give a possible explanation for any significant change.
What will be an ideal response?