________ is defined as the connection between an entrepreneur's skills, understanding of an industry, and the ability to create a competitive advantage such that the sum of the parts of the new business is greater than the individual parts alone.
Fill in the blank(s) with the appropriate word(s).
Synergy
Synergy is defined as the connection between an entrepreneur's skills, understanding of an industry, and the ability to create a competitive advantage such that the sum of the parts of the new business is greater than the individual parts alone.
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At Healthy Beauty Solutions, Carly created an award-winning line of lip balm, lip gloss, and lipstick after many hours of research and discussions with experts. Now, with her manager's encouragement, she frequently conducts workshops for other employees about lip color and other beauty products. In this scenario, which feature of Healthy Beauty Solutions is exemplified?
A. learning culture B. job rotation C. flexible environment D. critical thinking E. functional organization
Donnelly Manufacturing Donnelly Manufacturing sells cedar birdhouses. The company has prepared the following sales forecast for the third quarter of 2013: July 10,000 units August 12,000 units September 20,000 units Inventory at June 30, 2013 was budgeted at 1,500 units. Management would like the desired quantity of finished goods inventory at the end of each month to be equal to 15% of next
month's budgeted unit sales. October's sales are projected to be 24,000 units. Each completed unit of finished product requires 2.5 square feet of cedar at a cost of $3.5 per square foot. Refer to the Donnelly Manufacturing information above. The company has determined that it needs 10 percent of next month's raw material needs on hand at the end of each month. The cost of the direct material that should be purchased in August is: A) $121,975 B) $ 34,850 C) $115,500 D) $ 46,200
What problem did IKEA solve for customers in its CVP?
a. lack of attractive low-cost furniture b. lack of do-it-yourself furniture c. lack of European designs d. lack of antique furniture
The following information is for Cleveland Company: 12/31/201612/31/2015Accounts receivable $143,500? $206,000? Prepaid rent 59,000? 29,300? Long term investments 154,500? 184,000? Dividends payable 57,200? 74,800? Salaries payable 181,000? 188,400? Long term notes payable 360,800? 390,200? Additional data for the current year: (1) Sales on account for the period were $246,000. (2) Operating expenses for the period were $133,000. Based on this limited information, what was the net cash inflow from operating activities?
A. $62,500 B. $138,400 C. $113,000 D. $37,100