It has $150 billion in loanable cash available. The government's Expenditure Budget emphasizes the distribution of monies to several ministries for release,
What types of expenses are there?
Spending - This refers to the overall cost of a good or service. For instance, a business might invest $10 million in a piece of machinery with a 5-year estimated lifespan. This would count as a $10 million capital investment.
What do accounting expenditures mean?
A payment or the creation of a liability in return for goods or services is referred to as an expenditure. A sales receipt or an invoice is proof of the paperwork that was prompted by an expense. To prevent losses, businesses typically maintain strict controls over their spending.
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In traditional economies, government controls all manufacturing.
Answer:
true
Explanation:
Tony is the head of a company that develops cutting edge technology. His team is working on their next big thing and they are close to a breakthrough. As his team works, Tony spends a good portion of his time making sure each part of his team has what they need to produce their best work. Tony also spends some of his time making sure any potential obstacles to his team are taken care of and coaching his team through some of their challenges.
What type of leadership is Tony practicing here?
A. Laissez-faire
B. Democratic
C. Servant Leader
D. Directing
Answer:
D- Directing
Explanation:
It can't be laissez-faire because that literally makes zero sense at all. It's not democratic because that would mean that he would have had his team take a vote at some point in time, but this question says nothing about that. It is not servant leader because literally wth is that. It would have to be directing because Tony is giving his team some direction to help them keep moving forward.
Norlan Company does not ring up sales taxes separately on the cash register. Total receipts for October amounted to $36,750. If the sales tax rate is 5%, what amount must be remitted to the state for October's sales taxes
If the sales tax rate is 5% Norlan Company must remit $1,750 to the state for October's sales taxes.
What is remit?To remit is to send or transfer money, usually to someone in a different location, as payment or a gift, often through a bank or other financial institution.
What sales tax?Sales tax is a tax imposed by government on the sale of goods and services, calculated as a percentage of the purchase price and collected by the seller at the point of sale.
According to the given information:
To calculate the amount of sales tax that must be remitted to the state for Norlan Company's October sales, we first need to determine the total amount of sales subject to tax. Since the company does not ring up sales taxes separately on the cash register, we'll need to use a backwards calculation.
To do this, we can divide the total receipts for October ($36,750) by 1.05 (1 + the sales tax rate of 5%).
$36,750 ÷ 1.05 = $35,000
This means that the total amount of sales subject to tax was $35,000.
To calculate the amount of sales tax, we can multiply the taxable sales by the sales tax rate:
$35,000 x 0.05 = $1,750
Therefore, Norlan Company must remit $1,750 to the state for October's sales taxes.
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х
The account debited when payment is made for equipment purchased previously on account is
A accounts receivable.
O
B. cash.
C. accounts payable.
D. equipment
Answer: It is A. Accounts Receivable.
Which of the following statements about SOA is FALSE?Select one:a. SOA stands for service oriented architectureb. SOA allows data integration across applications purchased from different vendorsc. SOA reduces software costs by allowing SaaS subscriptiond. SOA is similar to data integration in the sense that it avoids program code duplicatione. SOA reduces software maintenance costs
The statement that is FALSE about SOA is option c, "SOA reduces software costs by allowing SaaS subscription."
While SOA does allow for data integration across applications purchased from different vendors and reduces software maintenance costs, it does not necessarily reduce software costs by allowing Software as a Service (SaaS) subscriptions.
Furthermore, SOA is not just about data integration or avoiding program code duplication, but rather it is an architectural approach that focuses on the development of services that can be reused across multiple applications and platforms.
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Plzzz help me with this one
Answer:
what the question.....
How much would $20,000 due in 50 years be worth today if the discount rate were 7.5%?a. $438.03b. $461.08c. $485.35d. $510.89e. $537.78
Answer:
The present value is $537.78
Explanation:
Given
\(Future\ Value\ (FV) = \$20,000\\Time (T) = 50\ Years\\Discount\ Rate\ (R)= 7.5\%\)
Required
The Present Value(I)
To calculate the present value, we simply apply the formula for future value;
\(FV = I *(1 + R)^T\)
Substitute 20,000 for FV; 50 for T and 7.5% for R;
This gives
\(20,000 = I *(1 + 7.5\%)^{50}\)
Convert percent to decimal
\(20,000 = I *(1 + 0.075)^{50}\)
\(20,000 = I *(1.075)^{50}\)
\(20,000 = I *37.19\)
Divide both sides by 37.19
\(\frac{20,000}{37.19} = \frac{I *37.19}{37.19}\)
\(\frac{20,000}{37.19} = I\)
\(537.778 = I\)
\(I = 547.78\ (Approximated)\)
Hence, the present value is $537.78
Which of the following could help determine a job candidate's trustworthiness?
A) A credit check
B) A recorded oral test
C) An in-person interview
D) Closed-ended interview questions
Answer:
C) An in-person interview
Explanation:
All the options listed, the best choice to determine a candidate's trusworthiness is the in-person interview. An in person-interview allows the interviewer to get to know the candidate better, because open-ended questions can be made about the candidate's proffesional and personal life.
In this type of interview, it is the job of the interviewer to analyze the answers, and reach a conclusion that can determine whether the person is to be trusted or not.
What is the impact of economic globalization to development?
Globalization is making the rich richer and the poor poorer. The health and education system in developing countries has benefited in a positive way due to the contribution of globalization. Education has increased in the recent years because globalization has created jobs that require a higher education.
What are the characteristics of globalization?For businesses engaged in production and distribution, this idea has made economies of scale possible. Additionally, it has promoted technology transfer and outsourcing between businesses and nations, strengthening their reliance.Globalization is the process that allows for seamless cross-border movement of people and things. It is primarily an economic idea: the integration of markets, trade, and investments with few obstacles preventing the free movement of goods and services across states.In general, elements related to economics, finance, politics, technology, and society have prepared the path for globalization. Lower trade and investment barriers are the key economic determinants.Globalization, which includes concerns about capitalism, economic justice, health, migration and immigration, communication, boundaries, education, etc.To learn more about the characteristics of globalization refer to:
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What factor most commonly influences a firm's decision about whether to negotiate with several vendors at once
Answer:
Language barrier
Explanation:
poor communication with several vendors will lead to language barrier thus enabling other customers not to meet their expectation
Which of the following activities are entrepreneurs involved in?
A. identifying opportunities
B. arranging the resources required to pursue these opportunities.
C. investing the resources to exploit opportunities.
D. all of the above.
Answer:D
Explanation:
A entrepreneur own their business so they have to do everything
Are horizontal complexity and formalization complementary
to one another? Relate your answer to the above statement in line
with relevant concepts. (Word limit 150 to 200
words).Management
The interplay between horizontal complexity and formalization is crucial for achieving a balance between structure and flexibility, coordination and innovation.
Horizontal complexity and formalization can be seen as complementary concepts in management. Horizontal complexity refers to the degree of differentiation and diversity within an organization.
In a highly horizontally complex organization, there are various departments, teams, and functions, each with their own specialized roles and tasks. This complexity can lead to coordination challenges, lack of clarity, and potential conflicts. Formalization can provide a solution by establishing standardized processes, guidelines, and communication channels.
On the other hand, excessive formalization can stifle creativity, innovation, and adaptability within an organization. It may hinder flexibility and responsiveness to changing environments. Horizontal complexity, with its diversity of perspectives and ideas, can counterbalance the rigidity of formalization.
Therefore, Organizations must carefully consider both aspects to optimize their performance and adaptability in a rapidly changing business landscape.
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QUESTION 3 Firms in perfect competition will maximize profit by producing where: MR = MC. MC < MR. MP = MR. TFC = TVC. QUESTION 4 A firm in a perfectly competitive industry will produce more output as
The correct answer is "MR = MC" that is firms in perfect competition will maximize profit by producing where marginal revenue equals to marginal cost.
The objective of any profit-seeking firm is to maximize profit. This involves producing and selling products that lead to higher profits. It can be achieved by producing goods that minimize cost and maximize revenues.To obtain maximum profits, a firm must consider two essential things: Marginal Cost (MC) and Marginal Revenue (MR). Marginal Cost is the cost of producing an additional unit of product.
Marginal Revenue is the amount of revenue obtained by producing an additional unit of product. In perfect competition, a firm can maximize profit by producing where MR = MC. If the Marginal Revenue (MR) is greater than Marginal Cost (MC), the firm should produce more output to get maximum profit. But, if the Marginal Cost (MC) is higher than the Marginal Revenue (MR), the firm should reduce output production in order to maximize profit.
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On May 1, Doormart received an order from a customer. The goods were shipped FOB shipping point on May 3. The customer received the goods on May 5 and paid for the merchandise on June 1. When should Doormart record the sale
Based on the information given Doormart should record the sale on May 3.
Free on Board Shipping PointDoormart should record the sales on the day in which the goods were shipped FOB shipping point.
Based on the information given the day in which the goods were shipped FOB shipping point was May 3.
Reason being that buyers tends to take the delivery of the goods, once the goods has be shipped by the seller or once the goods has leave the seller shipping point.
Inconclusion Doormart should record the sale on May 3.
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true/false. An auditor should be most concerned about which of the following when reviewing the risks of a company's wireless network: Availability.
True. When reviewing the risks of a company's wireless network, an auditor should be most concerned about availability. Availability refers to the ability of authorized users to access the network and its resources when needed. Wireless networks are susceptible to availability risks because of their reliance on radio signals and the potential for interference, hacking, and denial-of-service attacks.
If the network is unavailable, it can cause disruptions to business operations, communication, and productivity. Moreover, the lack of availability can also lead to security risks because users may resort to using unsecured networks or devices to perform their work, which can increase the likelihood of data breaches and other cyber threats.To address availability risks, auditors should assess the company's network architecture, configuration, and security protocols to ensure that they are robust, resilient, and scalable. They should also review the company's incident response plan, disaster recovery plan, and business continuity plan to ensure that they can effectively mitigate and recover from any disruptions to the network. Additionally, auditors should recommend best practices for wireless network security, such as implementing strong encryption, authentication, and access control mechanisms, as well as regular testing and monitoring of the network for vulnerabilities and threats. Overall, the availability of a company's wireless network is critical to its business operations and should be a top priority for auditors when reviewing network risks.
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Which type of business organisation is the most suitable for a large electronics
manufacturer?
A. partnership
B. private limited company
C. public limited company
D. sole trader
Answer:
C. public limited company
Explanation:
A public limited company is a business ownership structure that provides a legal distinction between the business and its owners. The company is a legal person with the right to do business, acquire assets or incur liabilities. Unlike a private limited company, public limited company shares trade with ease at the stock exchange.
Due to their listing in the stock exchange, public limited companies can raise capital with much ease. The corporation only needs to comply with the regulation of the stock market to raise more finances. Public limited compies are suited for large organizations that require huge capital to finance their operations and expansions.
How is the housing industry related to the economy? If the economy is doing well, what types of homes are being constructed and purchased? What if the economy is doing badly? Other than housing, what additional industries might the economy impact?
The housing industry have important relation with the economy because its prices can impact residential investment and thus, affect the economic growth.
What is housing industry?An housing industry is an industry that encompasses building of housing. construction, engaging in commercial housing activities etc.
Generally, when an economy is doing well, it will be favorable to build house of high value as its gives higher confidence in the industry and economy,
Also, the additional industries that impact an economy includes Healthcare, Technology, Retail, Manufacturing industry etc
In conclusion, the housing industry have important relation with the economy because its prices can impact residential investment and thus, affect the economic growth.
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Sally spends $1,500 each month on her mortgage, mortgage insurance and property taxes. she has three credit cards with minimum monthly payments that total to $125.00 and a monthly car payment for $349.00. she currently brings in a gross monthly income of 3,750.00 from her job. calculate sally’s debt-to-income (dti) ratio. a. 40% b. 43% c. 49% d. 53% please select the best answer from the choices provided a b c d
If Sally spends $1,500 each month on her mortgage, mortgage insurance and property taxes. sally’s debt-to-income (dti) ratio is d. 53%.
How to find the debt-to-income (dti) ratio?To calculate Sally's debt-to-income (DTI) ratio, we need to first determine her total monthly debt payments and then divide that amount by her gross monthly income.
Sally's total monthly debt payments are:
Mortgage + Mortgage insurance + Property taxes = $1,500
Credit card minimum payments = $125
Car payment = $349
Total monthly debt payments = $1,500 + $125 + $349 = $1,974
To calculate Sally's DTI ratio, we now divide her total monthly debt payments by her gross monthly income:
DTI = (Total monthly debt payments / Gross monthly income) x 100%
DTI = ($1,974 / $3,750) x 100%
DTI = 52.64%
DTI = 53 % (Approximately)
Therefore, Sally's debt-to-income ratio is 53%.
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Frank lived in a neighborhood that was known for gang activity. one day, he noticed that his car had been vandalized. This damage would be covered under his?
The damage to Frank's car, caused by the vandalism, would likely be covered under his auto insurance policy. Auto insurance typically provides coverage for various types of damage to a vehicle, including vandalism.
Here's a step-by-step explanation:
1. Frank noticed that his car had been vandalized. Vandalism refers to intentional damage or destruction caused to someone's property, in this case, Frank's car.
2. To cover the costs of repairing the damage, Frank can turn to his auto insurance policy. Auto insurance is a type of insurance that provides financial protection against physical damage and liability resulting from traffic collisions and other incidents involving vehicles.
3. Most auto insurance policies include coverage for vandalism. This means that if Frank has comprehensive coverage on his policy, the damages caused by the vandalism should be covered. Comprehensive coverage protects against non-collision events, such as theft, vandalism, or natural disasters.
4. Frank will need to contact his insurance company to file a claim and provide them with the necessary information about the incident. This may include photos of the damage, a police report (if available), and any other documentation requested by the insurance company.
5. The insurance company will then evaluate the claim and determine the extent of the damage. They will also consider the deductible, which is the amount Frank would need to pay out of pocket before the insurance coverage kicks in.
6. If the claim is approved, Frank's insurance company will cover the cost of repairing the damages, up to the policy's coverage limits. Frank may need to pay the deductible amount directly to the repair shop.
It's important to note that specific policy details and coverage may vary depending on the insurance provider and policy terms. Therefore, it's recommended for Frank to review his insurance policy or contact his insurance company directly to understand the specific coverage and claims process.
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Ella presented her master's thesis to her supervising professor. She had linked many data tables into her PowerPoint
presentation. A year later, she was asked to present her findings at a conference. When she tried to present her slides,
many of her links had broken. Which best explains what happened to her links?
Answer:Stolen
Explanation:somebody prolly stole her work for there own keep your digital stuff save
Answer:
She renamed a folder or file, and the link can no longer be found.
Explanation:
a professional who specializes in helping organizations manage major changes is known as a(n) .
A professional who specializes in helping organizations manage major changes is known as a change management consultant. Change management consultants are experts in assessing an organization's current state, identifying necessary changes, and developing strategies to implement those changes effectively.
They work closely with leaders and employees to facilitate smooth transitions, minimize resistance, and ensure the desired outcomes are achieved. Change management consultants may also provide training, communication plans, and ongoing support to ensure successful change implementation.
Their expertise lies in understanding organizations manage dynamics, communication strategies, and employee engagement to navigate complex change initiatives. In short, a change management consultant is a crucial resource for organizations undergoing significant transformations.
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One challenge presented by the volume of big data is that _____.
it reduces the accuracy of analyses and the ability to improve matters through decisions
corporations have reacted by taking too many precautions to protect customers' security
there are few rules, regulations, or standards to guide U.S. IS organizations
business users can have a hard time finding the information they need to make decisions
The correct option is A ; it reduces the accuracy of analyses and the ability to improve matters through decisions.
This data must be examined in order to improve decision making. Nonetheless, there are several Big Data problems that businesses face. They include data quality, storage, a paucity of data science personnel, data validation, and data aggregation from many sources. Volume. The first of the five V's of big data is volume, which refers to the quantity of data that exists. Volume is the foundation of big data since it is the initial quantity and amount of data collected. When the volume of data is vast enough, it is referred to as big data.
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Why is flexibility the most obvious benefit of road transportation? (Select all that apply.)
Transportation companies can employ driving teams of two drivers in the same truck to increase haul times and daily mileage.
Trucks can go anywhere that there are roads.
Truck shipments are impervious to weather conditions like fog, ice, heavy rain, and snow.
Transportation companies can set up systems for having a truck driver approaching his or her maximum driving hours take freight to a drop location where a fresh driver can pick it up and continue on with it.
Answer:
Trucks can go anywhere that there are roads.
Explanation:
Road transport is considered flexible due to the extensive road network. Practically, they are roads almost everywhere including, cities, estates, and villages. As long as there is a road, trucks will get there. Road transport will reach almost any destination as long as there is a road. This is the reason road transport is flexible.
Dan bought a hotel for $2,600,000 in january 2011. in may 2015, he died and left the hotel to ed. while dan owned the hotel, he deducted $289,000 of cost recovery. the fair market value in may 2015 was $2,800,000. the fair market value six months later was $2,850,000.
a. what is the basis of the property to ed?
Answer:
$2,800,000
Explanation:
Given that
Purchased a hotel for $2,600,000
The Deducted amount is $289,000
Fair market value in may 2015 is $2,800,000
Six months later, its value is $2,850,000
Based on the above information,
The computation of the basis of the property to ed is shown below:
It should be equivalent to the fair market value i.e. $2,800,000 and hence, the same is to be considered
All other values should be ignored
[This question introduces you to an important kind of problem in sequential strategic settings.] Suppose that the High Speed Rail consortium (HSR) is deciding whether or not to build a high-speed railway between Melbourne and Sydney. Building the railway will involve an initial up-front sunk cost k. To keep the accounting simple assume that the railway, if built, will run for exactly one year, and that it will generate revenues of $130, 000, 000. Operating the railroad for that year would cost $10,000,000 in fuel, plus some labor costs. The labor costs depend on the wage. The railroad would need to employ 1000 workers all of whom would be unionized. The current going wage for union rail labor is $50,000. That is, without the new railway, these workers would earn $50,000. (a) (5 points) Very briefly define what is meant by a sunk cost, and what is meant by the 'sunk-cost fallacy'. [Go look it up if you do not know.] (b) (10 points) Assuming that the labor can be hired at this going wage, for what values of k should HSR build the new railroad? (Assume that HSR aims to maximize profits without discounting). (c) (10 points) Suppose that, if the railway is built, after it is built the rail union can make a ‘take-it-or-leave-it' wage demand w to HSR to apply just for labor on the new line. The railway's only choice is to accept to pay the wage demand, w, or close the new line down. What demand will the union make? Given this, if you were HSR, for what values of k would you build the new line? Why is your answer different from that in part (b)? Now suppose that the wage demand made after the railway is built is not a 'take-it-or-leave-it' demand but rather part of negotiation. Suppose that, fearing strikes in the transport sector, the government has instituted compul- sory arbitration in wage disputes. The arbitrator always follows a two-step approach. First, she disqualifies any wage offers lower than the current go- ing wage (that is, such that employees would rather walk away than accept the offer), and also any wage demand that would cause the employer to shut down (that is, such that the employee would rather walk away than accept the demand). Provided the offers and demands survive this test, she then "splits the difference".
A sunk cost refers to a cost that has already been incurred and cannot be recovered regardless of the future course of action. It is a historical cost that should not be taken into account when making decisions about the future.
The sunk-cost fallacy is a cognitive bias where individuals continue to invest in a project or decision because they have already invested significant resources, even when the future benefits may not outweigh the costs. In other words, people may feel compelled to continue with a course of action simply because they have already invested time, money, or effort into it, rather than objectively evaluating its potential outcomes.
(b) To determine the values of k for which HSR should build the new railroad, we need to compare the total costs of building and operating the railroad with the expected revenues. The total cost consists of the sunk cost (k) plus the operating cost of $10,000,000 for fuel and the labor cost for employing 1000 workers at a wage of $50,000 each. The total cost can be calculated as:
Total Cost = k + $10,000,000 + (1000 workers * $50,000)
If the total cost is less than the expected revenue of $130,000,000, it would be profitable for HSR to build the railroad. Therefore, the condition for building the railroad is:
k + $10,000,000 + (1000 workers * $50,000) < $130,000,000
Simplifying the equation, we can solve for k:
k < $130,000,000 - $10,000,000 - (1000 workers * $50,000)
In conclusion, the decision to build the new line depends on comparing the costs (including the sunk cost, operating costs, and wage) to the expected revenue. The answer may differ when considering negotiation power and the specific wage demand made by the rail union.
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an economy's production possibilities are most likely to expand if
An economy's production possibilities are most likely to expand if gross investment is greater than depreciation. This means that the economy is investing more in capital goods and infrastructure than the amount of capital being lost due to depreciation.
When gross investment exceeds depreciation, it indicates that the economy is adding to its stock of capital and improving its productive capacity. The additional investment can lead to the construction of new factories, the acquisition of advanced machinery, the development of new technologies, and the enhancement of infrastructure.
By increasing the capital stock, the economy can increase its potential output and expand production possibilities. The improved infrastructure and technological advancements can lead to higher productivity, more efficient production processes, and the ability to produce a greater variety of goods and services.
In summary, when an economy invests more in capital goods than the amount lost to depreciation, it creates the conditions for expanding production possibilities and facilitating economic growth.
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economic systems from the most government involvement in the economy to least government involvement.
Explanation:
In a command economy, the system is controlled by the government. A mixed economy is partly run by the government and partly as a free market economy, which is an economic system that includes no government intervention and is mainly driven by the law of supply and demand.
How does decreasing your credit card balance affect your income statement? (1 point)
It increases your monthly expenses, increasing the amount you spend each month.
It increases your monthly expenses, giving you more money to spend on other things.
It decreases your monthly expenses, increasing the amount you spend each month.
It decreases your monthly expenses, giving you more money to spend on other things.
The way in which decreasing your credit card balance would affect your income statement is that: D. It decreases your monthly expenses, giving you more money to spend on other things.
What is a credit card?A credit card simply refers to a small, rectangular flat card that is issued by a financial institution to its eligible customers, in order to avail them an opportunity to purchase goods and services on credit, especially based on the agreement that this amount of money would be paid back at a specific time and interest rate.
Generally speaking, a credit card balance can be defined as the total amount of money that an individual owe his or her credit card company. This ultimately implies that, a decrease in credit card balance would cause a decrease in monthly expenses, which avails the credit card holder more money to spend on other things.
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Answer: 1. a loan from one entity electronically matched to another entity without a financial institution in the middle
2. a payday loan
3. an unsecured installment loan
4. It decreases your monthly expenses, giving you more money to spend on other things.
5. Determine or estimate the current value of everything you own.
6. Their ability to repay a loan
7. your prior record of paying your bills and paying off your debts
8. your age and gender
9. You can request one online or over the phone.
10. He should contact the credit bureau that issued the credit report, the companies that issued the seven fraudulent cards, his local police, and the federal government at identitytheft.gov.
11. -the lender that provided the incorrect information
-the credit bureau that prepared the report
12. right away
13. She won a $20 billion settlement for California homeowners whose homes were inappropriately foreclosed on.
14. The longer the term, the more you will pay in interest.
15. It will cost you less money overall.
16. A store credit card generally comes with a higher interest rate.
17. You will save money if you pay the balance off quickly.
18. -Clarifying the confusing language found on credit card applications.
-Forcing lending companies to disclose interest rates and hidden fees.
19. It banned credit card companies from raising interest rates after missed payments.
20. -a fixed annual charge for the use of a credit card
-a charge if the minimum payment is not paid by the due date
21. paying off the balance before interest can accrue
22. $30
23. Determine which card has the higher interest rate and pay the extra money to that card first.
Explanation: All these answers are correct!
Calculating Interest on Promissory Notes Receivable Houston Company receives a six-month note from a customer. The note has a face amount of $8,000 and an interest r…
Calculating Interest on Promissory Notes Receivable Houston Company receives a six-month note from a customer. The note has a face amount of $8,000 and an interest rate of nine percent. What is the total amount of interest income to be received?
a. $720
b. $540
c. $360
d. $180
Based on the given information, the total amount of interest income to be received from the six-month note with a face amount of $8,000 and an interest rate of nine percent is $360. Therefore, option c is correct.
To calculate the total amount of interest income, we need to multiply the face amount of the note by the interest rate and the time period. In this case, the face amount is $8,000, the interest rate is nine percent (0.09), and the time period is six months.
Interest Income = Face Amount × Interest Rate × Time Period
Interest Income = $8,000 × 0.09 × (6/12)
Interest Income = $8,000 × 0.09 × 0.5
Interest Income = $360
Therefore, the total amount of interest income to be received is $360.
Based on the given information, the total amount of interest income to be received from the six-month note with a face amount of $8,000 and an interest rate of nine percent is $360. This calculation is obtained by multiplying the face amount by the interest rate and the time period.
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What is a Target Market ? A Marketing with a bullseye goal . B Customers to whom a company wants to sell its products and services
Answer:
Customers to whom a company wants to sell its products and services
Explanation:
When I decided to set up my own business, I decided to focus on just those customers who wanted just the product I invented. They are my target customers and I'll focus my advertising on just their needs and interests. That will be my target market.