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To Open a Small Business, You Need an Initial Investment

question 59

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To open a small business, you need an initial investment of $150,000. Each week your costs will be about $8,850. Your projected weekly revenue is $9,700. How many weeks will it take to break even? Round to the nearest number of weeks.


Definitions:

Voluntary Severance Packages

Financial incentives offered by employers to encourage employees to voluntarily resign, often used in workforce downsizing scenarios.

Downsizing Strategy

Strategy to improve an organization's efficiency by reducing the workforce, redesigning the work, or changing the systems of the organization.

Senior Management

The highest level of management within an organization, responsible for strategic decision-making and overall leadership.

Interactional Justice

The interpersonal treatment employees receive during the implementation of the downsizing decision.

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