Summarize a business model.
What will be an ideal response?
A business model outlines the need the firm will fill, the operations of the business, its components and functions, as well as the expected revenues and expenses. It also describes the industry you're entering, how your product will be different, how you'll market to customers, how you're qualified to run the business, and how you will finance your business.
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The process of generating knowledge about the marketplace that individuals in the firm use to inform and guide their decision making is _______
a. product development management b. supply chain development c. customer relationship management d. market sensing
Using a linear regression program, the term ‘Intercept' refers to the fixed cost
Indicate whether the statement is true or false
Which of the following is true of express warranties?
A) A manufacturer is liable for express warranties made by wholesalers. B) A retailer is liable for the express warranties made by manufacturers of goods it sells. C) A retailer is not allowed to make warranties on manufacturer goods. D) A manufacturer is obligated by law to make an express warranty on all its goods.
Process costing is used to calculate the cost of homogenous goods or services.
Answer the following statement true (T) or false (F)