INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When planning for her new business, Janine allocates two percent of the company’s estimated annual sales to web and newspaper advertising. Janine is developing a
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promotional budget.
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sales report.
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competitive analysis.
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publicity plan.
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Explanation:
Detailed explanation-1: -Operating expenses-also known as selling, general and administrative expenses (SG&A)-are the costs of doing business. They include rent and utilities, marketing and advertising, sales and accounting, management and administrative salaries.
Detailed explanation-2: -Costs of sales for a new manufacturing venture typically include: trade show attendance, raw materials, and equipment.
Detailed explanation-3: -One way to better understand a market’s opportunities is to conduct a market analysis, which is an analysis of the overall interest in the product or service within the industry by its target market to determine its viability and profit potential.
There is 1 question to complete.