FIN 375 Week 4 DQs\t\u00a0\tDQ 1\t1.\u00a0\u00a0\u00a0 What are the most important financial components to track to determine the success of a small business? Explain why.\t2.\u00a0\u00a0\u00a0 Provide an example of a company with a high volume of sales and a low profit margin, and provide an example of a company with a lower volume of sales, with a higher profit margin? Which company is more financially successful and why?\tDQ 2\t1.\u00a0\u00a0\u00a0 What are some of the differences in problem-solving techniques as they relate to increasing sales and controlling costs?\t2.\u00a0\u00a0\u00a0 How does a small business keep a balance of increasing sales while controlling costs?\t3.\u00a0\u00a0\u00a0 Suppose you manage a small business and notice that sales are high, but costs are higher. What areas would you look at changing to create a more profitable business?\tDQ 3\t1.\u00a0\u00a0\u00a0 What data might be used to distinguish short-term success or failure versus long-term trends when measuring financial performance in a small business?\t2.\u00a0\u00a0\u00a0 Why is it important to look for long-term trends, even if things are looking great for the short term? Provide an example of a situation where the short-term success of a business is doing well, whereas the long-term trends are pointing towards future decline.\t3.\u00a0\u00a0\u00a0 What would you do to change the long-term trends into something more positive for that company?<\/p>\n","protected":false},"excerpt":{"rendered":"
FIN 375 Week 4 DQs \u00a0 DQ 1 1.\u00a0\u00a0\u00a0 What are the most important financial components to track to determine the success of a small business? Explain why. 2.\u00a0\u00a0\u00a0 Provide an example of a company with a high volume of Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-216516","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/216516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=216516"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/216516\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=216516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=216516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=216516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}