1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lisa [10]
3 years ago
12

What must profit-seeking entrepreneurs do in order to be successful?

Business
1 answer:
Nostrana [21]3 years ago
8 0
To put it simply, they have to develop a product that make people want to pay to acquire it.

Sellable product usually either :
- able to make people happy ( such as movies, music, Delicious food, etc) or
- Able to make people's life become easier ( such as Gadgets, consultation service, etc)

You might be interested in
Which has more elastic Supply in the short run, ice cream or oranges?
Cerrena [4.2K]
Ice Cream. E<span>lasticity is higher when the good are luxuries and ice cream has </span>to actually be made.
8 0
3 years ago
Assume the XYZ Corporation is producing 20 units of output. It is selling this output in a purely competitive market at $10 per
IgorC [24]

Answer:

Economic profit will be $40

So option (d) will be correct option

Explanation:

We have given number of units produced = 20 units

Price of per unit = $10 per unit

So revenue = 20×$10 = $200

Revenue :20 units * $10 = 200

Fixed cost is given $100

Variable cost: 20 units ×$3 = 60

So total cost= Fixed cost + Variable cost = 100 + 60 =$160

So economic profit = Revenue - Total cost = 200 - 160 = $40

So option (d) will be correct answer

6 0
3 years ago
According to ________, law is strictly subordinate to prevailing economic conditions, such fundamental propositions as private o
kozerog [31]

According to Marxist-socialist tenets, law is strictly subordinate to prevailing economic conditions, such fundamental propositions as private ownership, contracts.

Marxists contend that compared to a capitalist society, a socialist one is far better for the majority of people. "The socialization of production is bound to result in the conversion of the means of production into the property of society," wrote Vladimir Lenin before the Russian Revolution.

The core tenets of the Marxist worldview hold that social class is the most significant category of people and that the economic circumstances of a society form its foundation. Another tenet states that community ownership of the means of production will replace private property as the primary institution of capitalism.

Learn more about Marxist-socialist tenets here

brainly.com/question/14454961

#SPJ4

7 0
1 year ago
g At the beginning of the month, the Forming Department of Martin Manufacturing had 22,000 units in inventory, 30% complete as t
Liula [17]

Answer:

62,000 units

Explanation:

Calculation to determine how many units did the Forming Department start and complete in the current month

Total units completed and transferred 84,000 units

Less Inventory at the beginning of this month 22,000 units

Units Forming Department started and completed in the current month 62,000 units

(84,000 units-22,000 units)

Therefore The number of units that the Forming Department started and completed in the current month is 62,000 units

7 0
2 years ago
The ability to telecommute has come largely from the development of ________.
HACTEHA [7]
The ability to telecommute has come largely from the development of f<span>aster and more reliable internet capabilities</span>. Telecommuting allows people to work remotely and travel while working. This gives more flexibility to various lifestyles and also allows more people who benefit from working from home. Internet has greatly changed how people connect with one another.
3 0
3 years ago
Read 2 more answers
Other questions:
  • 9. Assume that Cane expects to produce and sell 97,000 Alphas during the current year. A supplier has offered to manufacture and
    10·1 answer
  • All of the following represent cash outflows to the firm excepta. Taxes.b. Interest payments.c. Dividends.d. Purchase of plant a
    11·1 answer
  • what is the quistan to nunber four pleas help me i realy need your help if you cant help me thats fine but can you try to help m
    5·1 answer
  • Which of the following behaviors are more likely to happen in a GOOD economy?
    11·1 answer
  • in industires where international competition is so fieerce and the costs of competing on a global basis are so high that only a
    6·1 answer
  • You are bullish on Telecom stock. The current market price is $100 per share, and you have $15,000 of your own to invest. You bo
    14·1 answer
  • One of the themes that came out of the survey responses is that employees take their responsibility of serving fresh, hot food q
    5·1 answer
  • Heidi purchases an original work by one of her favorite sculptors
    7·1 answer
  • Brian lives in Chicago and runs a business that sells pianos. In an average year, he receives $793,000 from selling pianos. Of t
    14·1 answer
  • Which of the following is an example of a Specialty store? a. Big Lots c. Macy’s b. Wal-Mart d. PetSmart
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!