Process development is the anticipation and resolution of ...

[CORALGRILL2014]

Process development is the anticipation and resolution of problems that arise in the production of a product
 
  Indicate whether the statement is true or false

Question 2

Describe three simple methods that can be used to estimate a selling price for a business:
 
  What will be an ideal response?

[macmac]

Answer to Question 1

True

Answer to Question 2

1. Compare it to other businesses. If you are looking to sell your dry-cleaning business, for example, check out how much other dry-cleaning businesses in your area are bringing in when they are sold. 2. Look at benchmarks to see how the business is performing within its industry. In most industries, there are one or two key benchmarks used to help value a business. 3. Look at a multiple of net earnings. One rule of thumb says that a business can sell for around three times its annual net earnings. If the business earns 100,000 net profit per year, for example, it could be expected to sell for 300,000.

[CORALGRILL2014]

Correct answers!

[macmac]

Great! Please up vote