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Briefly describe the bottom of the pyramid (BOP) process for developing business
specifications
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- Even 9-year-olds Can Be Entrepreneurs Abi Smithson may only be 9, but that isn’t stopping her from developing a new product and the plan for a new business. Not satisfied with conventional sandals that leave ugly tan lines on the wearer’s feet, she conceived a summer shoe that could be customized to leave attractive designs as the feet tanned. Working with her dad, she wrote the business plan for The Love Sandal and brought her designs and the plan to Ryerson University’s business incubator, the Digital Media Zone, for assistance. There she was paired up with Robert Ott, chair of the Ryerson School of Fashion. He’s helped her flesh out design, market research, and branding. “I’m just so impressed with the idea…it’s so solid,” says Ott. “It’s the engineering and technical designing of the prototype where we need help. The creative part is all here. I think we haven’t seen anything like this in the market and that’s what makes this unique.” Abi’s business plan projects first year sales…what is entrepreneur? in your own words essayThe 8th graders are volunteering to make and sell organic pesticides, called Sweet4Bees, that will protect plants in local gardens without harming bees. The teens also plan to donate some of their product to local nursing homes to use in their gardens. Jade is so excited! She's already started a business log in her notebook, including a graph with a break-even point of 34 bottles sold. Suppose all Jade's notes become true. What is the club's overall profit per ounce of pesticide solution, when 26 bottles have been donated to the nursing homes? Round to the nearest cent. Sweet4Bees Business Log Sweet4Bees! Production Expenses: $1.45 (empty bottle), $0.05 (label), cost of ingredients (not sure right now, I'll call it $m) Taxes & Fees: none! Sales Selling Cost: $9.72/bottle Start-Up Expenses: $65.88 Expenses (high-speed mixer), $55 (pans), $26 (kitchenware) • Each bottle holds 12 oz of pesticide concentrate.* Directions for preparing solution: Mix 7 parts water to 1 part Sweet4Bees…
- In a paragraph with a maximum of three sentences, explain the difference between an ordinary business person and an entrepreneurInvent your own details to complete the parts of the business letters missing in the given data. Information to be used: Magnolia Ice Cream, one of the famous ice cream brands in the Philippines will conduct an Ice Cream Exhibit focusing on the emerging Filipino flavors for the said dessert. This will be held on April 9, 2021 at Sky Ranch Pampanga. Suppose that you are the Manager of a developing ice cream factory that offers home-made ice cream flavors. Write a business letter to the company saying that you are willing to participate in the said event.Explain how a company could choose to get bigger, yet lower their average costs?
- Can you just answer the question from the firm project I create in the first picturePLEASE SHOW COMPLETE SOLUTION, NO EXCEL.Question 8 page 28 Janet spends $20,000 per year on painting supplies and storage space. She recently received two job offers from a famous marketing firm- one offer were for $100,000 per year, and the other was for $90,000. However, she turned both jobs down to continue a painting career. If Janet sells 25 paintings per year at a price of $8,000 each: a. What are her accounting profits? Show your steps leading to your answer b. What are her economic profits? Show your work!
