Author Question: Process development is the anticipation and resolution of problems that arise in the production of a ... (Read 53 times)

CORALGRILL2014

  • Hero Member
  • *****
  • Posts: 525
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

  • Sr. Member
  • ****
  • Posts: 343
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

For a complete list of videos, visit our video library