Do some Internet and/or library research to try to discern whether there is a small business buying group or buying co-ops that New Venture Fitness Drinks, the fictitious company introduced in Chapter 3 and used as an example throughout this chapter, could benefit from. New Venture Fitness Drinks’ products contain all the ingredients used to make smoothies and similar fitness drinks and shakes.
Answer to relevant QuestionsIdentify three ways, other than buying cooperatives, that small businesses partner with other small businesses to cut costs without sacrificing their competitiveness. How does a firm compute its current ratio? Is this a relatively important or unimportant financial ratio? Explain your answer. Suppose a friend of yours showed you the pro forma income statements for his start-up and exclaimed excitedly that during the first three years of operations his firm will make a net income of $150,000 per year, which is ...Why is it important for a company to focus on its liquidity? What special challenges do entrepreneurial firms have in regard to remaining liquid? What is the purpose of an income statement? What are the three numbers that receive the most attention when evaluating an income statement? Why are these numbers important?
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