Answer: Option (B). Profit motive
Explanation: The main reason Murphy and other entrepreneurs would decide to start their own business is for the sole aim of making profits. There are several reasons why entrepreneurs are willing to take a calculated risk and set up a business, is because owners keep the profit as a reward for risk-taking and enterprise.
Murphy and other entrepreneurs would likely start a business because of its income potential, When you start your own business, you have the opportunity to earn an unlimited income based on your own efforts and the success or failure of the business.
<span> The </span>Articles of Confederation <span>served as the written document that established the functions of the national government of the United States after it declared independence from Great Britain.</span>
It means understanding that each individual is unique, and recognizing our individual differences. These can be along the dimensions of race, ethnicity, gender, sexual orientation, socio-economic status, age, physical abilities, religious beliefs, political beliefs, or other ideologies.
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Answer: marketing channel
Explanation:
A marketing channel is the path that the product travels through before it reaches the consumer , from the point it get produced to where it will be consumed. Manufacturers produce the product but don't usually sell it straight to the customers hence they utilize marketing channel to make sure it get to the customer such as through department store and vending machine.
Marketing channels also includes wholesalers and retailers.
The Industrial Revolution substantially increased the material wealth of world. It ended the dominance of the agricultural industry. The factory owners, especially the textile mill owners had the most economic power during the early Industrial Age. The textile industry became the biggest industry and employed the most labourers during the early years of the Industrial Revolution. Prior to the Industrial Revolution, merchants held the economic power. They would supply the raw materials to manufacture cloth and pick up the finished products. Women would weave this cloth at home using hand-powered looms.
