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Business Questions and Answers (Q&A)

Whenever techniques and sources are needed to be found for a business venture, then it is important to come together and collaboratively figure out what to do. One way to do this is through a technique called brainstorming.

When a business brainstorms, they first get together as a group. Then the group spend time writing down and making a list of everything that could possible be a solution to the problem or contribute to the solution. The other technique is called mind mapping.

Similar to brainstorming, a mind map is a graphic organizer that is usually color-coded that depicts the information in a good easy-to-read format. The main ideas and concepts associated with the topic are organized in a good visual aid. Usually, the mind map takes place after the brainstorming.

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9-1-1 are the numbers used in the United States if there is an emergency. Other countries have numbers to use in case of an emergency, but these numbers are only to be used if a person needs help. It is believed that this emergency number is always available, but there have been some cases where something occurs and causes the system to malfunction.

In one case, a storm came through Washington D.C. and this storm was so severe that it because the 911 system to fail. This is critical because people are counting on this system to send emergency personnel to the scene of an emergency. Verizon was responsible for failing the 911 system during this storm. However, after a small amount of time, they had it fixed.

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Apple, Inc. is a company that has grown through the years since it was first founded and established in 1976. It is mainly known for making technological devices that have become household names now. These include the iPad, tablet, iPhone, and Macbook.

In 1976, Steve Jobs, Steve Wozniak and Ronald Wayne got together to start this company. Even though Apple, Inc. is now known for creating devices related to the cell phone, the company began producing computers. It was the personal computer that Apple is known for.

Computers a long time ago were so enormous and only large businesses had them. When Apple was created, computers were now available to the average person to have in their home. As of 2017, Apple makes over 300 billion dollars. In 2012, its revenue was about 156 billion dollars.

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One of the most surprising facts about Samsung is that it used to make military and security weapons apart from the usual electronic products that it manufactures. In 1987, it made helicopters, mobile artillery equipment, and jet engines for Korean military.

At the side, the company seemed to have no issues in running a business for cameras and electronics. It managed to produce both military weapons and artillery equipment along with electronic products such as cameras due to a very good reputation and great business strategy. Indeed, these are the only two things you need so as to make the business work.

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Companies such as Procter & Gamble, Camel, and Chevy were perhaps among the first companies that managed to recover after the recession of 2008. It has been approximated by empirical studies that about 17% of the companies were not able to survive the recession.

They either had to become private, got acquired, or had went totally bankrupt. At the same time, the recovery process of companies was rather slow and even after three years of recession, the companies were not able to regain their rate of sales as they were before the recession. Only about 9% of the companies managed to do better than before after their recovery from the recession phase.

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Letter C would be the best answer among the choices. Administrative expenses are sets of costs needed by a company to administer a business that is not related to the sales of goods and services or constructions. This is required in determining the fixed cost of a business’ new project.

Not all projects need training as they can repurpose the previous training materials used. Some projects might even need to have various training that has different fees. The contractor salaries and vendor fees are under a different branch of the company that is not the job of the project manager. The building lease is an administrative expense as it is fixed and will not contribute to sales or make the company any profit.

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A system of privately owned businesses trying to make a profit is known as capitalism. This is the kind of system that is found in many Western countries - the United States, England, Ireland, etc. It creates a market place known as a “free market”, where companies are operated in a way that creates low prices. Granted, there are ways to avoid having to compete with other companies, but that’s not a focus of capitalism.

The idea is that anyone who wants to do business can create a product with a good point, and try to sell for lower prices or for the same price but with better features. This is partially why, in places like the US, goods often have multiple versions in stores, and various companies all release new products every year.

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Beginning January 15th 2001, Southern California McDonald's restaurants will unleashed her Big Mac sandwich for 99 cents on Mondays as part of a continuous commitment to offer customers four values. The new Mac-sized promotion joined other highly successful McDonald's Outrageous Value Days offerings of 39-cent cheeseburger Sundays and Wednesdays and 89-cent Chicken McNugget Tuesdays.

As McDonald's flagship sandwich, which features two all beef patties, special sauce, lettuce, cheese, pickles and onions on a toasted sesame-seed bun, the Big Mac was originally introduced over thirty years ago and is still a top seller with customers.

The 99-cent Big Mac is just another example of their commitment to Southern Californians and the classic affordable taste that has captured the hearts of kids of all ages.

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People who are able to bypass a computer security system as known as Hackers. These are highly technical individuals who are specially skilled at finding faults in a computer program, web browsers, web platforms, or a company/organisation cyber security protocols. Some of them may or may not have reasons for doing such.

Some carry out such operations for financial rewards. Others are only interested in doing so for the fun of it. While there is another set who do so in order to show that they can really capture big cyber systems without having direct access to it. Today, web platforms have integrated security systems set up against hackers.

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Single Supplier: The essence of a monopoly is a market controlled by a single seller. The "mono" part of monopoly means single. The "poly" part of monopoly means to sell. So the word itself, monopoly, means a single seller.
Unique Product: To be the only seller of a product, however, a monopoly must have a unique product.

Barriers to Entry and Exit: A monopoly is generally assured of being the ONLY firm in a market because of assorted barriers to entry. Some of the key barriers to entry are: Government License or franchise, Resource Ownership, Parents and copyrights, High start-up cost, and Decreasing average total cost.

Specialized Information: Monopoly is commonly characterized by control of information or production technology not available to others. This specialized information often comes in the form of legally-established patents, copyrights, or trademarks.

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