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3 years ago

Which of the following items describe the effects of an entrepreneur's actions? Select all that apply.

Business

2 answers:

vichka [17]3 years ago

5 0

<h2><u>Answer:</u></h2>

Every option in this case would apply.

Business people involve a focal position in a market economy. For the business people fill in as the start plug in the economy's motor, enacting and invigorating all financial activities. The monetary accomplishment of countries worldwide is the aftereffect of empowering and compensating the enterprising nature.

The general public is prosperous just to how much it compensates and empowers enterprising action since it is the business visionaries and their exercises that are the basic determinant of the dimension of achievement, success, development, and opportunity in any economy. The most unique social orders on the planet are the ones that have the most business visionaries, in addition to the financial and lawful structure to urge and persuade business visionaries to more noteworthy exercises.

For quite a long time, financial specialists saw the enterprise as a little piece of monetary action. Be that as it may, during the 1800s, the Austrian School of Economics was the first to perceive the business visionary as the individual having the focal job in all monetary action. For what reason is that?

Since it's innovative vitality, inventiveness, and inspiration that trigger the generation and clearance of new items and administrations. The business visionary embraces the danger of the endeavor looking for the benefit and who looks for chances to benefit by fulfilling up 'til now unsatisfied necessities.

Business visionaries look for disequilibrium- - a hole between the needs and needs of clients and the items and administrations that are right now accessible. The business person at that point unites the elements of generation important to deliver, offer and move wanted items and administrations. They contribute and hazard their cash - and other individuals' cash - to create an item or administration that can be sold at a benefit.

More than some other individual from our general public, business visionaries are interesting on the grounds that they're fit for uniting the cash, crude materials, fabricating offices, gifted work, and land or structures required to create an item or administration. What's more, they're fit for masterminding the showcasing, deals and conveyance of that item or administration.

Business visionaries are hopeful and future situated; they trust that achievement is conceivable and are eager to change their assets in the quest for the benefit. They're quickly moving, willing to attempt a wide range of procedures to accomplish their objectives of benefits. Furthermore, they're adaptable, willing to change immediately when they get new data.

Business visionaries are gifted at moving against the challenge by making an impression of distinction and uniqueness in their items and administrations. They constantly search out client needs that the challenge isn't fulfilling and discover approaches to offer their items and administrations so that what they're putting forth is more alluring than everything else accessible.

Business visionaries are a national fortune, and ought to be ensured, supported, empowered and remunerated however much as could be expected. They make all riches, all employment, all chances, and all success in the country. They're the most essential individuals in a market economy- - and there are never enough of them.

nydimaria [60]3 years ago

3 0

I would say all of the above. That is the function of an entrepreneur.

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Assuming that the physical output (i.e., the actual quantity of all final goods and services) of all final goods and services re

joja [24]

Answer:

a) true

Explanation:

A rise in the general price level is called inflation and it affects the nominal value of the company's output. E.g. you sell pants and last year they sold at $10 and now since inflation rate is 10%, they sell at $11. But inflation only affects nominal values, it doesn't affect real values which are calculated using a base price of a certain year X, times the quantity sold. Following the example, your real output would not be $11 per pair of pants, instead it would still remain at $10 since the inflation is discounted.

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3 years ago

Suppose that a demand curve exhibits two points. Initially, at price P 0 P0 , the quantity demanded is Q 0 Q0 . When price chang

Vinvika [58]

Answer:

$Price Elasticity of Demand= \frac{Percentage change in Demand}{Percentage change in Price}$

At Price = $P_{0}$

Quantity demanded = $Q_{0}$

At Price = $P_{1}$

Quantity Demanded = $Q_{1}$

Now,

$Percentage change in Demand = \frac{(Q_{1} - Q_{0})}{Q_{0}}$

$Percentage change in Price = \frac{(P_{1} - P_{0})}{P_{0}}$

$Price Elasticity of Demand = \frac{\frac{(Q_{1} - Q_{0})}{Q_{0}}}{\frac{(P_{1} - P_{0})}{P_{0}}}$

Above formula if used will give the correct answer related to Price Elasticity of Demand.

Another variant of above formula is also being used on prominent basis.

$Price Elasticity of Demand = \frac{\frac{(Q_{1} - Q_{0})}{(Q_{1} + Q_{0})} }{\frac{(P_{1} - P_{0})}{P_{1} + P_{0}} }$

Utilization of any of the above Formula will give the ideal outcome in estimating Price elasticity of demand.

5 0

3 years ago

if are researchers is using data that are low in cost and save time which type of data is this likely to be?

olchik [2.2K]

Answer:

<h2>Secondary data</h2>

Explanation:

The data collected form the first hand sources by using interviews and surveys is called primary data. The secondary data is gathered from surveys and studies which have already been conducted by other people. Mostly researchers use secondary data in their project as the researcher doesn't have to spend time, energy and money in collecting them. They can devote their time to research instead of worrying about gathering data.

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3 years ago

The opportunity cost of an action: Group of answer choices can be determined by considering both the benefits that flow from as

joja [24]

Answer:

The action of opportunity cost is that is the subjective measurement which could be determined only through the individual, who selects the action.

Explanation:

Opportunity cost is the cost or an expense or the value of the next best possible thing which the person or an individual gave up whenever make or take a decision.

In short, it is the loss of the gain that is potential from the other alternatives which are available when an individual or person selects the alternative.

Therefore, the action of the opportunity cost is the cost which is the subjective measure, that could be determined only through individual, who selects the action.

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3 years ago

Maria, a supervisor at a petrochemical plant, asks the plant superintendent to hire an additional worker whenever overtime hours

Serggg [28]

Answer:Maria, a supervisor at a petrochemical plant, asks the plant superintendent to hire an additional worker whenever overtime hours for the previous month increase by more than 15 percent over the headcount. It is a programmed decision.

Explanation:

It is an example of a programmed decision. It is a decision that is actually repeated and we can take it easily by those rules of a business that have already been established.

These are the routine decisions that can be taken easily without wasting time. Like Maria asked the plant superintendent to hire an additional worker whenever overtime increases more than by 15% over the headcount. So it a routine decision.

3 0

3 years ago