An entrepreneur is considering starting a new business to produce and sell gourmet cookie dough. the entrepreneur estimates that average total costs per pack of dough would be $7, of which variable costs per pack would be $5.
an incumbent bakery in the neighborhood sells cookie dough for $10 per pack. the entrepreneur estimates that this bakery spends $8 in total costs on each pack of dough, $7 of which is variable costs.

should the entrepreneur start the new business?

a) the entrepreneur should start the new business only if customers are willing to pay at least $1 more for the new dough than for the incumbent's dough, so the entrepreneur can make some profit and grow the business.

b) the entrepreneur should start the new business as long as customers are willing to pay at least as much for his cookie dough as for the incumbent’s product.

c) the entrepreneur should definitely start the new business because his variable cost per pack of dough is already lower than that of the incumbent bakery.

d) the entrepreneur must be indifferent to starting the business because his average cost per pack is equal to his established rival’s variable cost per pack.

Match the vocabulary word to the correct definition. 1. human resources department 2. job description 3. ethics 4. labor relations 5. occupational safety & health administration a. a detailed list of the functions and requirements for a position b. the exchange between the employer and employee c. principles that define appropriate conduct d. the government agency responsible for monitoring safety in the workplace e. the division of a business responsible for hiring, managing,maintaining, and firing the workforce

Why is accountability important in managing safety

2. the external environment (connect)choose whether each example belongs in the general, task, or internal environment.exampleenvironmenta worldwide recession task environment / general environment / internal environmentlocal mothers asking their community grocery store to carry no-salt cheerios-type cereal for their babies task environment / general environment / internal environmentchoose the phrase that best completes the following sentence.the relationship between the task environment and the general environment is best described as: a one-way system: changes in the task environment affect the general environment, but changes in the general environment do not affect the task environment.an open system: changes in the task environment affect the general environment, and changes in the general environment affect the task environment.a one-way system: changes in the general environment affect the task environment, but changes in the task environment do not affect the general environment.a closed system: changes in the general environment do not affect the task environment, and changes in the task environment do not affect the general environment.©bloomberg via getty imagesmanagement in the newsin april 2010, the explosion of british petroleum’s (bp) deepwater horizon oil drilling rig and the accompanying oil spill dramatically changed the external environment in which all oil companies operate. the explosion released more oil than any other accidental spill in history and had a huge impact on the waters and surrounding communities of the gulf coast. the conditions that led to the spill, the attempts to stop the spill, and the clean-up and aftermath of the spill prompted debates in the u.s. senate, concern on wall street, and attention from companies all over the world.match each oil spill event with a specific dimension of the general environment.eventgeneral environment dimensionbp stock prices falling 25% during the first month after the oil spill oil seeping into pelican nesting grounds, which will place the brown pelican back on the endangered species list people moving from louisiana to oklahoma to avoid the effects of the spill