The Founder of a Company Must Start from Scratch and Make

question 78

Multiple Choice

The founder of a company must start from scratch and make several critical decisions including

• A) choosing the product(s) to sell.
• B) choosing the best strategy for selling them.
• C) raising the money necessary to develop the product(s).
• D) All of the above.

Calculate the opportunity cost of accepting a special order or utilizing capacity for different products.

Evaluate the financial implications of discontinuing a department or product line.

Assess the impact of adding new products to the product line on net income and other product sales.

Determine the maximum price to pay for an outside supplier versus producing internally.