With your classmates, make a list of products or services that are – or could be – tied to other products or services. To which products or services are they tied? How could this be used to predict sales?
Answer to relevant QuestionsWith your classmates, make a list of several products or services unlikely to be tied to other products or services. How might you estimate sales with these? Select an item from your list in number 3 and collect data for 15 minutes. What does this tell you and how could you use it? Why would a small business ever need an accounting system more complicated than a simple checkbook register? Which of the three types of accounting is most important to small business? Which is the least? Why do you think so? Name four ways that an investor can receive payment from a business. Describe the advantages and disadvantages of each.
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