Answer:
The correct answer is letter "B": direct.
Explanation:
Direct Costs for finished goods refer to the items and services directly used in production. Other costs such as rent and insurance for the production site are indirect costs. Examples of direct costs are direct labor and materials, manufacturing supplies or even commissions out of sales.
Answer:
The correct answer is option b.
Explanation:
Market power can be defined as the ability of a firm or a group of firms to increase the price above the competitive level and do not lose all the demand.
The firms in a perfectly competitive market have no market power because there are a number of firms in the market. If a firm increases the price, its demand will fall to zero.
In imperfect competition though, the firms enjoy a certain degree of market power.
Answer:
he started and managed a business.
Explanation:
Entrepreneur is the person who is willing to take risk by putting his capital to create and operates business.
Emily Motycka gained his fame because he started and managed a business at 13. He created Motycka Enterprises , a company that offers lawn mowing services to the suburban houses.
By the time he entered high school, he already earned a 6 figure income, while most people only able to get that type of earning in their 30s.
I'm going to guess, but i would say the best answer would be B. They could file for Chapter 7 bankruptcy and discharge most of their debt.
ANSWER: There are many ways how entrepreneurs benefit the economy. Few of them are
1) Create Jobs: Entrepreneurs create jobs in the community. When someone opens a new business or expands his new business, he will need human resource to help him to do his works.
2) Wealth Creation: Entrepreneurs pool in their own money and attract investment from lenders, banks and other investors. This mobilizes public wealth.
3) Exports: Entrepreneurs after growing in their businesses will want to export their products as a part of extending their market. This will help gain foreign currency in the country.
