The correct answer is 1, 4, 5.
1. Money.
4. Time.
5. Considerable effort.
Successful entrepreneur is termed as the right attitude towards business and grit to achieve success and also self determination.
A successful entrepreneur has a healthy opinion and sense to self confidence to abilities and skills.
The most important trait for an entrepreneur to be successful is self discipline.
It’s very important to your business. Good records will help you do the following: Monitor the progress of your business.
Competitors and supply chain is an element of economic forces.
<h3>What are economic forces?</h3>
Economic forces are those factors that assist a firm in terms of its competitiveness in the environment it operates.
Here, economic forces have a direct impact on business and are essential factors that can help an organization in accomplishing its targets.
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Joseph is probably denied credit due to his bad character, which is an essential element of the Three C's of Credit.
<h3>What are the Three C's of Credit?</h3>
To determine the credibility of a person for grant of a loan or an advance, a lender takes into consideration the Three C's of credit, which are as follows,
- Character
- Capacity
- Capital or Collateral.
Collaterals or Capital help in determination of security of lender from borrower, in case when the borrower is unable to repay the credit. Capacity determines the ability to repay the credit.
Character, on the other hand, helps in determination whether the customer or the borrower's behavior, and the qualities of his or her character in the society.
Hence, the three C's of credit are explained above.
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% return would be (total profit / total invested) * 100 so
( 100 / 1000 ) * 100 = 10%
