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Is running a taxi business a good idea in this economy?
No, running a new taxi business is not a good idea in this economy. There is too much competition out there, and it would cost too much money to start up, then what you would profit.
Project on problems of setting up and running the business?
Problems Of setting Up and Running Business Units
How much money does it cost for starting a small business?
Running a small business can vary widely in cost. You will have to take into account the cost of rent, utilites, equipment to make your product, advertising or marketing and the cost of a lawyer to make sure you have everything done legally. If you opt for outside funding, you will also need to take into account the cost of interest on loans which can vary depending on your credit score.
What is a cost that stays constant for a process?
This is called a fixed cost.In economics, fixed costs are business expenses that are not dependent on the level of goods or services produced by the business.
Why total revenue equal to total cost?
No total revenue is total finance in, you need to take from this the running costs of the business to get the gross profit (net sales minus the cost of goods and services sold).
What is Running cost?
Running costs in are associated with companies and businesses. The running costs are simply the amount of money needed to make the company "run". Running costs include staff payment, electricity costs and resources etc. Running costs are the cost for day-to-day running of the business
What are the costs of business known as?
if you are talking about the costs associated with running a business, they are called "operating costs" there are also the costs that are required to get a business running, they are called "startup costs"
When can you say that business is running successfully?
when its total cost is less then the money you earned.
What is the price at which a business purchases merchandise is called the?
cost
Why do you like about florist retail?
To the fact that a retail florist is an independent businessman, the cost of running the business is a huge.
What are cost paid out in the course of doing business called?
Debits
What is A group of people given the task of running a business is called a?
A board of directors? A partnership?
Is running a taxi business a good idea in this economy?
No, running a new taxi business is not a good idea in this economy. There is too much competition out there, and it would cost too much money to start up, then what you would profit.
What is it called when people open and run their own businesses?
People who open a business are often called entrepreneurs. And some are just called "small business owners." Once it is up and running it is called "a going concern"
How does importing cheap goods increase total revnue?
By importing cheap goods a company can lower the total cost of running their business (overhead). If they lower the total cost of running they are able to generate more profit per sale.
In the field of business what does the term 'relevant cost' mean?
The basic definition of relevant cost would be the costs that are important to running a business. The most important costs that the business needs to run properly. Examples would be rent for the office space, utilities, or equipment to name a few.
What is the money used to start improve or run a business called?
The money used to start a business and keep it running is also called capital. Start-up money is sometimes called "seed money" or an investment.
