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Profit maximization is usually a main aim of most businesses in the private sector.
1) Usually people invest personal savings into starting businesses so that the return (aka profits) can be greater than the investment and they can earn a better living.
2) If profit is earned then the business would have enough money to pay dividends to its investors/shareholders, otherwise it wouldn’t have enough money to give as dividends and it will lose its investors.
3) Profit is required for the business to survive in competitive markets.
Answer:
16650+
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Explanation:
Integrated marketing communications is being used by Lush Lawns to promote its business, as they are using the same logo and shade of green in all forms of communication including its online ads, truck signage, Web site, and business cards.
<h3 /><h3>What is
Integrated marketing communications?</h3>
IMC is the process of combining marketing communication aspects such as public relations, social media, and audience analytics to create an integrated marketing communication strategy.
Business development concepts, and advertising into a brand identity that is consistent across many media channels.
Thus they are using Integrated marketing communications.
For more details about Integrated marketing communications, click here
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<h3><u>Answer;</u></h3>
An artist who runs a business that paints murals in office buildings and restaurants
<h3><u>Explanation;</u></h3>
- <em><u>An entrepreneur is an individual who organizes or operates a business or a business venture by identifying an opportunity in the market. The entrepreneur starts a business by risking his/her own money for the business venture.</u></em>
- We can say that an entrepreneur combines the factors of productions, that is land, labor, and capital to produce products.
He or she has the capacity and willingness to develop, organize and manage a business venture along with any of its risks for the purpose of making profit.