Both the satisfaction of creating new products and the possibility of earning money are INCENTIVES for an entrepreneur.
HDI includes life expectancy, education and per capita income indicator, which is a measurement that is used to rank countries, therefore suggesting that when the lifespan of the country is high the country's score of HDI is also high and thus the education level is high and the GDP per capita is also high as well.
Answer:
(C). Encourage team members to socialize online by sharing photos and videos. Reach out to people from cultures where proactively sharing ideas is not valued.
Explanation:
In putting together an international team of people from different cultures, <u>it is important to note that the various national cultures with which they have been interacting for some time will have shaped how they communicate</u> and view situations.
<em>Some cultures value group work, togetherness and sharing ideas over other cultures which prefer individualism.</em>
Therefore as the group leader or manager, it is important to recognize the cultural characteristics of each group member, and encourage them to socialize and share useful information with the group.
The first one because it is most
Answer:
If this is the first time that a good is being introduced into the market or the good in question has been developed such that it is better than variants in the perfectly competitive market, it will only be sold by few firms in that market.
This shortage of supply will ensure that the price is higher than the cost of production which means that the company will be making short run positive economic profit.
With an absence of Barriers to entry in a perfectly competitive market, more companies will now be free to enter the market to sell these new goods in the long run so that they may take advantage of the positive economic profit.
This would increase the number of suppliers in the market which would reduce the price of the good till economic profits become zero.
If there were barriers to entry, the prices would remain at a point higher than costs but because other companies were able to come in, the prices reduced in the long run.
