Innovation is inevitable as the world constantly changes. As an entrepreneur, how can you and your business can keep up with these changes?

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Answer 1

The different ways an entrepreneur can keep up with the innovative changes in the business world include:

Increase productivityBe well informed of the new changes and implement where necessaryImprove the customer satisfaction experience, etc

According to the given question, we are asked to state the different ways an entrepreneur can keep up with the innovative changes in the business world  and how to keep their business competitive

As a result of this, we can see that when it comes to innovation, new things are coming up everyday which helps businesses grow and gain more visibility and if an entrepreneur does not keep up with these changes, he would be left out.

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Related Questions

why do we need to suffer from taxes

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Answer:

because it is very important so we can know the answere

Imagine you are working as an insurance broker, and a company comes to you wanting to insure one of its production factories. Identify at least two distinct risks you would analyze as you decide what kind of coverage and premiums this client can expect to pay in order to be fairly and sufficiently insured.
30 POINTS IF YOU KNOW THE ANSWER ASAP!!!!!!
EXPLAIN REASONING

Answers

The client should pay an amount based on the company and how many they had to pay in the past. Making it fair and expecting what could happen, so the client can be insured. I hope that makes sense.

The client should pay a sum determined by the business and how much they have previously been required to pay. Making it fair and anticipating potential outcomes will enable the client to obtain insurance. I think you get the picture.

What is the insurance?

Insurance is a tool for risk management. You purchase protection against unforeseen financial losses when you purchase insurance. If something unpleasant happens to you, the insurance company pays you or someone else of your choosing. If an accident occurs and you don't have insurance, you can be liable for all associated expenses.

Risk analysis comes in two primary flavors: qualitative and quantitative. Let's find out more about these two methods. working as an insurance broker, and a company comes to you wanting to insure one of its production factories

Therefore, By the company comes to you wanting to insure one of its production factories. qualitative risk is there

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the best way for federal reserve board officials to help boost a stagnant economy is to

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The most beneficial way for the Federal reserve board officials to help boost such economy is to lower interest rates so that the banks can provide more loans at cheaper rates to individuals and businesses.

The federal reserve board officials are nominated by the President and Senate to oversee the activities of the federal reserve.

Typically, the stagnant economy is characteristic by increasing interest rate which will discourage borrowing from bank.

However, if the officials lower the interest rate for bank, it will encourage more provision of loans to borrowers.

Therefore, the most beneficial way is to lower interest rates so that the banks can provide more loans at cheaper rates to individuals and businesses.

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Preferred stock generally (has/does not have) ______ voting rights and (has/does not have) ______ preference as to dividends.

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According to share and stocks management, the preferred stock generally does not have voting rights and has a preference as to dividends.

This is because Preferred stock is a type of stock that is first paid to the stockholders before the common share or stockholders are paid.

However, unlike the common stockholders that have voting rights in a firm, the preferred stockholders do not have voting rights.

Hence, in this case, it is concluded that Preferred stock has its advantages and disadvantages.

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Men and women may be paid different wages under the Equal Pay Act when payment is made pursuant to a _____.

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Based on the Equal Pay Act of 1963, Men and women may be paid different wages under the Equal Pay Act when payment is made under a "seniority system, a merit system, or a system that measures earnings by quantity or quality of production."

This is to make men and women have equal pay except for seniority or merit to those who deserve higher pay.

The United States Congress signed the Equal Pay Act of 1963 under President John F. Kennedy in his New Frontier Program.

The Equal Pay Act of 1963 was made to amend the Fair Labor Standards Act.

Hence, in this case, it is concluded that the Equal Pay Act of 1963 only makes men earn higher than women when it is based on seniority or merit.

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According to the calculator, the monthly payment Demarco and Tanya should anticipate paying for principal and interest is $208. $877. $669. $1,200.

Answers

Principal rate is the amount which is gotten after parameters like the interest which is inversely proportional to the time multiplied by the rate of the amount for a specified amount of time.

Mathematically, it is represented as Principal= Interest/Time x Rate

As a result of this, we can see that the principal rate is a part of the parameters which is used to calculate the Simple Interest of a specified amount of money for a certain amount of time.

Please note that your question is incomplete so I gave you a general overview so that you would get a better understanding of the concept.

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Answer:

C. $669

Explanation:

Custom Quilters makes decorative comforters, quilted garments, and other products in a small sewing factory. The company expects to make 2,000 comforters during the current year. With respect to the comforters, how would the hourly wages of sewing machine operators be classified

Answers

Based on the comforters, the hourly wages of sewing machine operators would be classified as:

Direct and Variable

According to the given question, we are asked to classify the hourly wages of sewing machine operators based on the decorative comforters.

As a result of this, we can see that because the company has a fixed number of comforters it wants to produce during the current year, then the hourly wages of the operators of the sewing machine can be classified as direct and variable.

Therefore, the correct answer is Direct and Variable

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A company's biggest vulnerability in employing a best-cost provider strategy
A. relying too heavily on outsourcing.
B. getting squeezed between the strategies of firms employing low-cost provider and high-end differentiation strategies.
C. getting trapped in a price war with low-cost leaders.
D. being too timid in cutting its prices far enough below high-end differentiators many of their customers.
E. not having a sustainable distinctive competence in cost reduction.

Answers

Answer:

B - Getting squeezed between the strategies of firms employing low-cost provider and high-end differentiation strategies.

Explanation:

A company's biggest vulnerability in employing a best-cost provider strategy, getting squeezed between the strategies of firms employing low-cost provider and high-end differentiation strategies. Thus, option (b) is correct.

What is strategy?

The term strategy refers to the plan for the company growth. The market are the based of the so many companies are the different company are the different strategy. The strategy is the measure, the following the points are the related to the advantages and the disadvantages of the plan. The perfect strategy is the perfect advantage.

It was the company's biggest strategy was the vulnerability in employing a best-cost provider of the low cost of the provider are the best strategy to the high-end differentiation strategies. There are the firms the low cost are the more profit. The strategy are in the perfectly to the implement.

As a result, a company's biggest vulnerability in employing a best-cost provider strategy getting squeezed between the strategies of firms employing low-cost provider and high-end differentiation strategies. Therefore, option (b) is correct.

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A collective good offers particularized benefits while private goods are broadly distributed. True False

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The answer would be true

A theater has fixed operating costs, such as electricity, salaries, and rent. What is this break-even point called

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The fixed operating cost in the question is one of the requirement to be used to calculate the Break even units not the break-even point.

Usually, the break-even point is the point where the total revenue equals the total costs of the business.

In other word, the break-even point means that the expenses and revenue are equal and thus, the company will record neither a net loss or gain.

The formula used to derive the Break even unit is [Fixed Costs / (Sales price per unit – Variable costs per unit)}

Therefore, the fixed operating cost in the question is one of the requirement to be used to calculate the Break even units not the break-even point.

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Gloria has an option to purchase the cottage she leases from her landlord. She can exercise the option within the next two years. To gain that right, Gloria paid the landlord $5,000. This is called ______.

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The option that Gloria has to purchase the cottage that she leases from her landlord is called An option fee.

Gloria has an option to purchase this property here. Under this option, she and the landlord would have a mutually agreed percentage on the purchase price.

Gloria paid her landlord the $5000 in order for her to have the right that would enable her to buy this property at a later date in the future.

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How is federal income tax calculated on a paycheck.

Answers

Answer:

Multiplying taxable gross wages by the number of pay periods per year to compute your annual wage.

Explanation:

would burger king hamburgers or lady gaga mp3s have a deadweight loss smaller relative to the total surplus in its market?

Answers

Competition do exist between firms. For Burger King hamburgers, I will expect deadweight loss to be smaller relative to the total surplus in its market.  This is because the less differentiated products are known to be more difficult to sustain its inefficient prices and the much smaller deadweight loss it has.

Burgers are known to be  less differentiated product and it  need to advertise so as to convince consumers that they should have one burger over another.

Consumers are said to be more indifferent about fast-food. The entry of new firms affects profits by forcing business rivals to compete.

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When Jose compares his input/output ratio with that of his co-workers, he is satisfied that he is being treated fairly. What is Jose most likely to do as a result

Answers

he should be thankful no cap

the free market idea is generally associated with which economic system?

Answers

Answer:

The term “free market” is sometimes used as a synonym for laissez-faire capitalism. When most people discuss the “free market,” they mean an economy with unobstructed competition and only private transactions between buyers and sellers.

hope this helps

9. Describe some research strategies implemented by economists to prove the existence of labor market discrimination based on race.

Answers

Answer:

Explanation:

I

n this article, we discuss the theory and evidence on discrimination in two

key domains—the labor market and the criminal justice system—from an

economic perspective. We define discrimination as treating someone differently based on characteristics such as gender, race, or religion. Prejudice may lead

to discrimination, but only if you act on it. Moreover, discrimination by individuals

does not necessarily lead to discrimination at a market or societal level. We focus

primarily on discrimination against blacks, although many of the concepts l assessment of a nonrepresentative

sample, as when an employer ascribes differences in an earlier job applicants pool

to a current one even though the applicant population has changed.

The canonical Becker ([1957] 1971) model of employer discrimination suggests

that market forces push back against taste-based discrimination, because prejudiced

employers will pay more for (or hire less qualified) preferred race workers, thereby

decreasing profits. Consequently, in a basic model, competition from nondiscriminating firms drives discriminators from the market until wage

Which department of the U.S. federal government was budgeted to spend over $582 billion on goods and services in fiscal year 2017, making it one of the largest B2B spenders in the country

Answers

The answer is Department of Defense

True or false: No gain or loss is reported when treasury stock is reissued because GAAP does not consider transactions between a corporation and its owners to be profit-making activities. True false question. True False

Answers

Answer:

true

Explanation:

GAAP does not allow gains or losses to be reported when a corporation reissues its treasury stock.

Differentiate between equity financing and debt financing?

Answers

Answer:

When a business wants to obtain cash, it has two options for financing: equity financing and debt financing. Equity financing is the most common kind of financing accessible to companies. Debt financing refers to the borrowing of money, while equity financing refers to the sale of a piece of the company's stock.

Explanation:

Hope it helps:)

What is globalization in business.

Answers

Answer:

the increase in the flow of goods, services, capital, people, and ideas across international boundaries.

Before a significant risk medical mobile app (MMA) study can commence, what does the sponsor need to do

Answers

Based on operational standards, before a significant risk medical mobile app (MMA) study can commence, the sponsor "must have an approved IDE from FDA."

What are IDE and FDA?

IDE is the acronym of Investigational Device Exemption. Approval of IDE validates the investigational device to be utilized in medical research to obtain safety and efficacy data.

Similarly, FDA is the acronym of Food and Drug Administration. The responsibility of the FDA is to ensure there is safety and security of human and veterinary commodities, including drugs, biological products, and medical devices, among others.

Hence, in this case, it is concluded that the correct answer is that the sponsor "must have an approved IDE from FDA."

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Randall wants to become a certified public accountant. To accomplish this, he must be certified by the ________ in which he plans to provide accounting services.

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He must be certified by the state in which he plans to provide accounting services.

For a person or an individual to have the license to operate as a certified public accountant such person must be certified by the state in which he or she plans to render accounting service to.

In order to be a certified or qualified public accountant all the necessary requirement must be meant by the person.

The person must sit for the CPA examination and must pass the certified public accountant examination before being certified to operate as one by the state.

Inconclusion he must be certified by the state in which he plans to provide accounting services.

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óscar’s firm operates in a rapidly changing industry. he often must apply his excellent ________ to assess problems and develop solutions very quickly.

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According to management theory, óscar’s firm operates in a rapidly changing industry. He often must apply his excellent "problem-solving skills" to assess problems and develop solutions very quickly.

This is based on the idea that problem-solving skills are essential in assisting individuals in determining the cause of a problem and why it is occurring, including how to decipher the issue.

There are various Problem-Solving Skills include:

Active listening.Analysis.Research.Creativity.Communication.Dependability.Decision making.Team-building, etc.

Hence, in this case, it is concluded that the correct answer is "Problem Solving Skills."

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Explain why most trade occurs because of comparative advantage. Be sure to provide examples from the data tables or from the lesson to support your answer.

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Most trade is due to the comparative advantage of an organization's ability to produce a good or service with lower marginal cost and opportunity cost.

As an example, we can cite trade between Africa and the United States, where Africa markets agricultural products such as corn and citrus to the US, and the US markets technological products such as computers to Africa.

Therefore, companies will use comparative advantage to acquire goods and services at lower prices than other competitors.

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according to the behavioral approaches to leadership, how should companies create effective managers?

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For companies to create effective managers, companies should: Train managers on task and relationship management.

An effective manager is someone who has the best interest of the company on mind and who has the skills to get things done.

For a manger to be effective it means such manager is task oriented and such person is more concerned on how he or she will more productive and efficient so as to accomplish their task.

Manager should have relationship management skill to build rapport with people or to relate with people regardless of their ethnics, sex, religion.

Inconclusion effective managers should be train managers on task and relationship management.

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Alton ordered an official NFL jersey for his son's birthday and is hoping it will arrive on time. Luckily, the company sent him the FedEx tracking number of the package so Alton can track the package and know exactly when it will arrive. This form of customer communication is referred to as ________ communication.

Answers

The form of customer communication here is what is referred to as delivery status.

Given the FedEx tracking number that Alton has received, he would be able to get a customized and an in-depth tracking of the NFL jersey that he has ordered for his son.

The availability of a tracking number would also help to build his faith and confidence in the delivery service. This is because it is going to give him a timeline of his good that would help him to anticipate the delivery.

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the starting point for preparing the operating activities section using the indirect method is ______.

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Organizations often have different operations. The starting point for preparing the operating activities section using the indirect method is Net income.

Net income is simply known to be the gross profit and removing  all other expenses, costs and any other income and revenue sources that are not included in gross income.

A lot of other costs is often removed from gross to make it be at net income. They  include interest on debt, taxes, and operating expenses or overhead costs.

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When Maria’s friend mentioned an upcoming concert, Maria quickly thought about the new CD that was supposed to come out that day. This connection that occurred as a result of the word "concert" is an example of a __________. A. Semantic network B. Hierarchy C. Concept D. Schema.

Answers

The information illustrated is an example of a A. semantic network.

A semantic network means a source of information reflecting semantic relationships among approaches within a server. It is also used as the type of recognition of information.

While Maria's friend suggested an upcoming show, she was quick to assume of that same latest record that had been expected to be released that day. Therefore, the relationship that happened as a result of the concert is an illustration of the semantic network.

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according to the u.s. constitution, any tax levied by the government must be

Answers

Answer:

C. for the common defense or general welfare.

Can someone please read this and tell me if it sounds good so far, thanks!

Answers

Answer:

I think It sounds great! just make sure to check for punctuation and any run-on sentences :)

Explanation:

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