CIT480 IT Entrepreneurship highlights market validation, business model canvas, and lean startup methodology as beneficial techniques for idea validation, business plan structure, and product/service improvement.
Market validation is a crucial concept that emphasizes the importance of validating ideas before investing significant time and resources. I plan to use market validation techniques such as surveys, interviews, and market research to gather feedback and validate the demand and viability of my ideas before pursuing them further.
The business model canvas provides a comprehensive framework for evaluating and structuring business plans. I will utilize this tool to analyze key components such as value proposition, customer segments, revenue streams, and cost structure, ensuring a well-rounded and strategic approach to my personal or professional ventures.
The lean startup methodology advocates for a build-measure-learn feedback loop, emphasizing iterative development and continuous improvement.
I will adopt this approach in my personal or professional projects, using rapid prototyping, minimum viable products (MVPs), and customer feedback loops to refine and enhance products or services based on real-world user experiences.
By applying these concepts and techniques, I aim to make informed decisions, mitigate risks, and increase the chances of success in my personal life or professional career.
The focus on market validation, business model evaluation, and lean startup principles will enable me to be more strategic, customer-oriented, and adaptable in my entrepreneurial pursuits.
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In working out your responses to the discussion question, you should choose examples from your own experience or find appropriate cases on the Web that you can discuss.
Credit will be given for references you make to relevant examples from real companies. **Important Note: Please submit initial response two days prior to the due date to allow others to comment on it.
** How does a 'responsible enterprise system' differ from 'stakeholder capitalism? Please submit your initial response in the discussion forum.
No attachments You are required to make a minimum of 4 comments on postings made by other students.
Provide references to any source you use materials from. Zero grade will be awarded for plagiarism.
A 'responsible enterprise system' and 'stakeholder capitalism' differ significantly. The responsible enterprise system focuses on the accountability and responsibility of organizations towards the government, the general public, and the environment.
Stakeholder capitalism, on the other hand, is an economic model in which a company aims to create long-term value and sustainable growth by considering the needs and interests of all its stakeholders, not just shareholders.In a responsible enterprise system, a company is required to comply with rules and regulations, laws, and ethical standards.
This economic model believes that stakeholder should not be driven by short-term profit maximization but by a broader purpose that is beneficial to all stakeholders. The objective is to create value for everyone, not just shareholders.In conclusion, a responsible enterprise system is about ensuring that companies are responsible and accountable for their actions. Stakeholder capitalism, on the other hand, is more about creating long-term value for all stakeholders.
Both models have their merits, and companies can choose the one that suits their objectives and values best.References:Carroll, A. B. (1991). The pyramid of corporate social responsibility: Toward the moral management of organizational stakeholders. Business horizons, 34(4), 39-48.Freeman, R. E. (2010). Strategic management: A stakeholder approach. Cambridge university press.
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long-term liabilities are usually associated with: answer the purchase of a building. payment of wages owed. purchases of inventory. purchases of supplies.
Long-term liabilities are usually associated with purchase of a building, purchase of equipment.
Long-term liabilities have a maturity date that is beyond one year.They are listed separately on the balance sheet.Long-term liabilities can be paid off through a variety of current and upcoming business activities, while short-term liabilities must be covered by current assets.The balance sheet's section that may include debentures, loans, deferred tax liabilities, and pension obligations is where long-term liabilities are listed after more immediate liabilities.Liabilities that are longer than one year in duration or that are not due within the next 12 months are referred to as long-term liabilities.Long-term liabilities are also referred to as noncurrent liabilities or long-term debt.
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Regardless of the criteria differences among different types of projects, typically the most important criterion for project selection is
Answer:
the project fits to the organization strategy.
Explanation:
A project can be defined as a set of actions which typically involves the process of designing, developing, planning, execution and implementation of these plans for the creation of a product or creative work.
There are various criteria that are to be considered when selecting a project and these are;
1. Availability of resources.
2. Probability of success.
3. Economic policies.
4. Target market.
5. Availability of data and capital.
Regardless of the criteria differences among different types of projects, typically the most important criterion for project selection is to determine if the project fits into the organization's strategy.
This is to ensure that the aim, goals, and objectives defined by the organizational strategy is in tandem with the project before it would be selected and approved by the top executives or senior management of an organization.
List 7 types of media's with notes about them. Or less.
Answer:
good
Explanation:
Print Media (Newspapers, Magazines)
Broadcast Media (TV, Radio)
Outdoor or Out of Home (OOH) Media.
Internet.
The environment is perhaps the most dramatic force shaping the destiny of individuals and offering exciting opportunities for marketers. True/False?
Above statement is correct, the technological environment is perhaps the most dramatic force shaping the destiny of individuals and offering exciting opportunities for marketers.
What is perhaps the most dramatic force now shaping our world?
The one influencing our world now that is possibly the most dramatic. Technology has given us such marvels as antibiotics, air travel, the internet, cellphones, artificial intelligence, and driverless automobiles. Assault guns and nuclear missiles are among the horrors it has dispersed.
How does the environment affect marketing?The aspects of a business environment can include, but are not limited to: your competition, the shifting consumer preferences, the legal, political, and regulatory environment, your own resources and budget, current trends, and the state of the economy.
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the general data protection regulation (gdpr) only applies to select eu member states. a. true b. false
TRUE, the General Data Protection Regulation (GDPR) only applies to select EU member states.
What constitutes a productive example?Labor hours are the most frequently utilized input, while the output is quantified in either units produced or sales. For instance, productivity would be two widgets per hour (10,000 / 5,000) if a factory produced 10,000 widgets last month while being charged for 5,000 hours of labor.
How are productivity levels determined?It is computed by dividing a company's outputs by the inputs it used to achieve those outputs. Natural resources, capital, and labor hours are frequent inputs, whereas sales or the quantity of goods and services produced are typically used to measure outputs.
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You open a new bank account at Eastside Savings. You see FDIC stickers around the bank, and the teller specifically mentions that Eastside
Savings is "FDIC Insured". A few months later, you hear on the radio that Eastside Savings is struggling to stay in business. Your savings balance
Is $500. What would happen to that money if Eastside Savings failed?
A.You could lose $250 since FDIC Insurance only covers 50% of the money you have deposited.
B.You would lose all of your money.
C.You would receive $250,000 since FDIC Insurance provides each account at the bank with $250,000 regardless of how much they
have deposited
D.You would receive all the money you have deposited at Eastside Savings since FDIC insurance covers accounts up to $250,000.
Answer:
The correct option is D. You would receive all the money you have deposited at Eastside Savings since FDIC insurance covers accounts up to $250,000.
Explanation:
Based on the information given what would happen to that money in a situation where Eastside Savings failed is that such individual would receive all the money he/she have deposited at Eastside Savings reason been that FDIC which is fully known as FEDERAL DEPOSIT INSURANCE CORPORATE insurance covers accounts up to the amount of $250,000 and Secondly Eastside Savings is "FDIC Insured".
An innovative business idea that no one has never had
An innovative business idea that no one has never had is Offering virtual assistance to other businesses.
What is innovative business idea ?innovative business idea can be described as an idea in business that cn be developed so that it can be a way to earn a living by providing the services or the goods to the consumer.
It should be noted that this innovation can be the one that no one has ever done or the modification of the one that has been in exisitence, however providing the virtual assistance serves as one of the innovation in business that can ring profit.
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Complete question:
State An innovative business idea that no one has never had
as part of a team you are assigned to create appointment to report one of your asses to put people together and another team sent them to you you already have the title page summary and introduction in the place next you should put the A.table of contents B.appendices C.main body D.conclusion and recommendation
Answer: C.
Explanation:
Which portion would not be part of an investment portfolio? ( A ) A SAVINGS 529 PLAN ( B ) Equity investments in a company ( C ) a saving account ( D ) Commodities funds I picked ( A ) and it was wrong but when I checked 5.07 Unit Test: Saving and Investing Quiz flashcards it says ( a ) so where I go wrong. plus i got number 1 wrong to it says . ( 1 ) Which situation is a good reason to have a financial reserve that's larger than normal?
, having a large monthly car payment, ,
being able to find another job quickly if needed - I picked this one wrong again but the flash card said its this one
having mostly discretionary expenses
having an income that is fairly predictable
The portion that would not be part of an investment portfolio is : ( C ) a saving account
The situation that is a good reason to have a financial reserve that's larger than normal is: A. Having a large monthly car payment.
Which portion would not be part of an investment portfolio?1. Option C, a saving account, would not be part of an investment portfolio as it is a basic bank account that offers low interest rates and is typically used for saving money rather than investing.
The other options, A, B, and D, are all investment options that can be included in an investment portfolio
2. Having a large monthly car payment is a situation that would warrant having a financial reserve that's larger than normal. This is because the car payment is a fixed expense that must be paid every month, and in the event of a financial emergency or unexpected expense, having a larger financial reserve can provide a cushion and prevent defaulting on the car payment.
It is always a good idea to have a financial reserve that can cover at least three to six months of expenses, regardless of the specific situation.
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what are vital events?
Answer:
efers to the live birth, death, foetal death, marriage, divorce, adoption, legitimation, recognition of parenthood, annulment of marriage, or legal separation.
Explanation:
As a project manager, you want to use a tool that shows all the activities of the project including their durations, start and end dates, and the resources assigned to the task. Which of the following will accomplish this?
As a project manager, you should utilize a programmes that displays all project activities along with their durations, beginning and ending dates, and the resources allotted to each activity. The Gantt chart will accomplish this.
A Gantt chart is a horizontal bar graph that displays the tasks or events that make up a project's scheduled between the start and completion dates. The dates are arranged horizontally and each bar in the Gantt chart represents a task.
A Gantt chart is a project management tool that aids in project planning, scheduling, and oversight. Your planning and scheduling, remote team communication, resource allocation, and job delegation will all benefit from using a Gantt chart. A horizontal bar graph used in a Gantt chart provides a visual representation of all the information.
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what skills does a farm manager need?
Answer:
Strong decision-making.
Problem-solving.
Communication.
The ability to work with people.
Leadership.
Administration skills.
Knowledge of key equipment practices.
Explanation:
They need to have free time. Without that free time...When will you be able to feed the plants? When will you be able to groom your horse? It also costs A LOT!! Because of the farm animals.
These are quite obvious but just in case I am going to list these for you:
Cow
Horse
Chicken
Donkeys (Optional)
Cats (Optional)
Peacocks (Very Optional due to the prices)
Sheep
Dogs (For the mice. Dogs have a supreme sense of smell. They can sniff out the mice.)
Which TCF checking account fee is the most expensive?
Answer:
Explanation: it’s o stop payment fee
Chris donated securities with a cost of $20,000 and a fair market value of $50,000 to a local civic theater. Chris's tax deduction was limited to $35,000. At what amount should the theater record the securities at the date of donation
Answer:
$50,000
Explanation:
The theatre should record the securities at the date of donation for $50,000 because for donated securities, they are usually recorded at the fair value upon receipt. Also, for contribution - which is a gift, usually measured at the fair value when received to the not for profit organization , same applies to securities.
Accounting project 2.3.1 ap3x learning?
Answer:
Answer:
P (A or B)= 0.65
Explanation:
Step-by-step explanation:
Given
P(a) = 0.60
P(b) = 0.20
P(a and b) = 0.15
The Environmental Protection Agency (EPA) is in the process of investigating a possible water contamination issue at the manufacturing facility of Northwest Forest Products. The EPA has not yet proposed a penalty assessment Management feels an assessment is reasonably possible, and if an assessment is made, an unfavorable settlement is estimated between $20 and $30 million Which of the following statements is true? Multiple Choice A loss must be recorded for $20 million and a liability must be recorded for $30 million. o A disclosure note should be included in the financial statements, without an entry. o ) Aloss must be recorded for $30 million and a liability must be recorded for $20 million A loss and a liability must be recorded for $20 million.
Answer:The potiential loss and liability should not be recorded but should be disclosed in the notes to the financial statements.
Explanation:
When sierra thinks about Chick-fil-A, she Emily thinks about the high-quality chicken that she last ate there, served hot and fresh by fast and friendly employees. Next, she recalls the clever cows that she is used to seeing on local billboards and in stores or promote the brand. The _____________ of the Chick-fil-A brand is firmly established in her mind, based on how the brand communicates with her and ultimately provides a positive experience.
a) Targeting
b) Segmentation
c) Equity
d) Positioning
e) Loyalty
Answer:
Positioning
Explanation:
What is one of the key goals of unions?
A: to encourage more workers to form unions
B: to ensure that employers heed environmental laws
C: to get wage increases for their members
D: to engage in featherbedding
Answer:
l think to encourage more workers to form unions
Explanation:
please follow me
Answer: C
Explanation:
Which investment has the least amount of default risk?
A)
junk bonds
B)
common stocks
c)
corporate bonds
D)
US Treasury bonds
Answer:
D....U.S. Treasury Bonds!
A government announces it will impose an indirect tax on the price of petrol because it wants to discourage travel by car and encourage the use of bus and rail services instead. This, it believes, will help to reduce traffic congestion and harmful exhaust emissions
The correct answer to this open question is the following.
Here we do not have a question. Just a statement.
What is your question? What do you want to know?
However, trying to help you we can comment on the following.
If the government announces it will impose an indirect tax on the price of petrol because it wants to discourage travel by car and encourage the use of bus and rail services instead, it had to make sure that the impact will have the expected benefits because that could not always be the case.
Some other considerations need to be made for this to happen. For instance, if the government wants to dissuade people to use their cars, the government has to make sure that the public transportation system is in optimal conditions, it is safe to ride, and can guarantee the transportation times for people to be on time in their jobs.
Otherwise, people will still be driving their cars because they think that using cars is a more safe and better way to travel.
Public transportation also has to comply with strict pollution emissions controls.
Crowding out refers to a decline in ______ as a result of an increase in _____. tax revenues: unemployment government purchases: tax rates government purchases: consumption, investment and net exports consumption, investment and net exports: government purchases
Crowding out refers to a decline in consumption, investment and net exports as a result of an increase in government purchases. Option c is correct.
Crowding out results when governments finance their spending through borrowing, leading to a reduction in the quantity of investment and consumption available. Crowding out happens when the government issues bonds to finance its spending, which then drives up interest rates as bond prices fall.
This increase in interest rates makes it more expensive for firms and households to borrow to finance investment and consumption, leading to a decline in these activities.
The phenomenon of crowding out is commonly discussed in the context of macroeconomics, and it is important to understand its consequences, as it can have an impact on the economy's overall level of output and growth.
Therefore, option c is correct.
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Crowding out refers to a decline in consumption, investment and net exports as a result of an increase in government purchases.
Crowding out is a concept that describes a situation in which an increase in government borrowing and spending competes with the private sector for scarce financial resources in the capital market, resulting in an increase in interest rates, and the decrease in private investment spending. Crowding out can be broken down into two parts: full crowding out and partial crowding out. Full crowding out happens when government borrowing completely eliminates private borrowing from the market, whereas partial crowding out occurs when government borrowing is only part of the borrowing from the capital market, with the private sector also obtaining funds. As a result of the rise in interest rates, there is a decrease in private investment spending. Furthermore, the increase in government spending leads to an increase in aggregate demand (AD) in the short run, resulting in higher prices, reducing consumption and net exports, which eventually leads to a decline in consumption, investment, and net exports.
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who made the effective contribution in the field of sience and arts during the renaicence
Answer:
Leonardo da Vinci, Raphael, and Michelangelo are considered the artists who reached the greatest achievements in art during the Renaissance. The Renaissance stressed harmony and beauty and no one could create more beautiful works than the great three artists listed above.
The basic mission of the _____ is to promote global economic cooperation and stable growth. multiple choice World Bank World. TradeOrganization International Monetary Fund. General Agreement on Tariffs and Trade
The basic mission of the International Monetary Fund (IMF) is to promote global economic cooperation and stable growth. Option c is correct.
The basic mission of the International Monetary Fund (IMF) is to promote global economic cooperation and stable growth. The IMF is an international organization of 190 member countries that work together to promote international monetary cooperation, exchange stability, and orderly exchange arrangements.
It provides policy advice, financial assistance, and technical assistance to its members in order to help them maintain macroeconomic stability and address economic challenges. The IMF also plays a role in promoting financial stability and reducing the risk of crises in the global financial system. Its mission is to support its member countries in achieving sustainable economic growth and reducing poverty while safeguarding the stability of the international monetary system. Option c is correct.
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Please help I'm about to fail my class and i will be grounded for life, 100 pts for it! its financial literacy
Part One–Research
Imagine you bought 100 shares of stock three years ago and are selling it today. Select a company and research its stock prices. You can start with websites like Nasdaq and Fidelity. Determine the stock's price three years ago, or the purchase price, and its price today, or the selling price.
Part Two–Determine the Real Return
Calculate the real return of your stock investment using the following information:
Purchase price of 100 shares of stock
Selling price of 100 shares of stock
10% tax rate
3% inflation rate
2% administrative fee on the selling price of the stock
Part Three–Evaluate
Analyze your research and calculations, and answer the following questions:
What company did you select to buy stock in? Why did you select the company?
Consider the real return of the stock investment. Do you consider it a wise investment? Why or why not?
1. I imagine buying 100 shares of Amazon.com Inc. on January 3, 2020, when the stock price was $93.75, investing $9,375.
Today, October 31, 2022, the stock price of Amazon.com Inc. is $102.44.
2. The real return on my investment in Amazon.com Inc was a net loss of 7.12% or $667.60.
3. The company I selected to buy its stock three years ago was Amazon.com Inc.
4. I decided on Amazon.com Inc., hoping to earn spectacular returns since it is a multinational technology company.
5. When I consider the actual return on the stock investment in Amazon.com Inc., I think it was an unwise investment.
6. The investment returned a negative real value because I realized less than I initially invested; I actually lost about $667.60 overall.
What is the stock investment?Stock investment is the purchase of shares for an ownership interest in a publicly-listed company.
The investor makes the investment with the hope that the investee will grow and perform well over some period, enabling the investor to earn some real returns (in the form of dividends and capital appreciation).
Purchase of 100 shares Jan. 3, 2020 = $9,375 (100 x $93.75)
Sales of 100 shares Oct. 31, 2022 = $10,244 (100 x $102.44)
Tax (10%) = $1,024.40 ($10,244 x 10%)
Inflation (3%) = $307.32 ($10,244 x 3%)
Administration fee on sales (2%) = $204.88 ($10,244 x 2%)
Real Returns in dollars = $8,707.40 ($10,244 - $1,024.40 - $307.32 - $204.88)
Loss on returns = $667.60 ($8,707.40 - $9,375)
Loss percentage = 7.12% ($667.60/$9,375 x 100)
Unfortunately, Amazon.com Inc. did not pay any dividends during the period of my investment, and I really lost funds to taxes, inflation, and administration fees when I sold it.
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Meeting others through volunteer work is the most common way people expand their network. true false
Answer:
false
Explanation:
Answer:
F
Explanation:
Just took the quiz on Edge
rural residential development company and suburban real estate corporation form a joint stock company. the longest duration a joint stock company can be formed for is
Answer: Perpetual existence
Explanation:
The longest duration a joint stock company can be formed for is perpetual existence.
Perpetual existence is a feature that simply means that the organization involved has no expiration date, and has an unlimited term of existence. Even in case of death of the owners, the organization will still continue.
it is stated that a higher current ratio is better. there are a couple reasons that this is not completely true. what are they?
The current ratio is a financial ratio that measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio generally indicates that a company is more capable of meeting its financial obligations in the short term.
Firstly, a very high current ratio may indicate that a company is not using its assets effectively. If a company has too much cash or inventory, it may not be generating enough revenue or investing in growth opportunities. This could ultimately lead to lower profitability and stagnation in the long run.
Secondly, different industries have different average current ratios. For example, a manufacturing company may have a higher current ratio due to the nature of its business, which involves holding a large amount of inventory. On the other hand, a service-based company may have a lower current ratio since it does not require as much inventory.
In conclusion, while a higher current ratio generally indicates better short-term financial health, it is important to consider the industry and overall financial strategy of the company before making any conclusions about its financial performance.
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Simulation analysis requires a model foundation of logical formulas that correctly express the relationships between parameters and decisions to generate outputs of interest.a. Trueb. False
True. Simulation analysis involves the use of mathematical models to create a simulated environment for testing various scenarios. These models require a foundation of logical formulas that correctly express the relationships between parameters and decisions to generate outputs of interest.
The accuracy and reliability of the simulation results depend on the correctness of the model foundation and the input data used. Therefore, it is essential to ensure that the logical formulas used in the model are accurate and comprehensive enough to capture the complexity of the real-world situation being simulated.
The statement "Simulation analysis requires a model foundation of logical formulas that correctly express the relationships between parameters and decisions to generate outputs of interest" is True. In simulation analysis, it is essential to have a model foundation based on logical formulas to accurately represent the connections between various parameters and decisions, which then helps in generating meaningful and relevant outputs.
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An employer hiring in a competitve labor market should hire additional labor as lnog as?
The marginal revenue product (MRP) exceeds the wage rate.
What is marginal revenue product?
The marginal revenue generated by using one more unit of a resource is known as the marginal revenue product (MRP). MRP calculates the ideal resource level and makes crucial decisions about business output. The MRP makes the assumption that expenses for other factors won't change.For instance, if the MRP/MRC is $2, the company is making $2 in profit for every $1 spent on the resource. Consider the scenario where the cost of output is $2 per unit, the cost of labor is $10, and the cost of capital is $20.The additional income generated by hiring an additional employee is represented by the marginal revenue product of labor. The wage that the firm pays is the market wage rate established by the forces of supply and demand, and it represents the actual wage that the company is ready and able to pay for each new employee they hire.When all other variables are held constant, the marginal revenue product (MRP) is the revenue change brought on by adding one more unit.An employer hiring in a competitive labor market should hire additional labor as long as the marginal revenue product (MRP) exceeds the wage rate.
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