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Pavlova-9 [17]
3 years ago
6

Entrepreneurship is the component of human resources that performs the functions of​ organizing, managing, and assembling the ot

her factors of production to create and operate business ventures.
True / False.
Business
2 answers:
ElenaW [278]3 years ago
8 0

Answer:

The statement is true.

Explanation:

Entrepreneurship refers to the process in which a business is set up. The process helps in the creation of businesses. The person who extends his efforts in setting these businesses is said to be entrepreneurs. They develop, manage and set up the business to earn profit out of it. Also, the risk is involved in this process because of the uncertainties involved in them.

MArishka [77]3 years ago
5 0

Answer: True

Explanation: Entrepreneurship is the ability to create and run a business venture with the aim of generating a profit. This comes in the form of starting new businesses. It takes into account planning, organising, managing an assembling the 4 factors of production, and using these factors to create a product or service that customers can buy, in exchange for money. The four factors of production are: land, labour, natural resources and capital. It is important to note that although entrepreneurs aim to make a profit, they can also bear risks that can affect their business ventures and thus the profit that they make.

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Answer:

All the options are possible:

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  • C. production has risen and prices remain constant.
  • D. production has fallen and prices have risen.

Explanation:

Nominal gross domestic product (GDP) represents the market value of all the new and legal goods and services produced within a country during a given period of time (generally a year). Since it is not adjusted to inflation (real GDP is), an increase in nominal GDP may result from higher inflation or higher production, or a combination of both. Only if adjusted to inflation (real GDP) we can know if the increase resulted from higher production.

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b)$24,600

Explanation:

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7 0
4 years ago
By affirming the company's primary goals, the mission statement assures that everyone in the company is working toward the same
Ivan
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The answer is True.


Hope this helps
8 0
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North Company has other operating expenses of $360,000. There has been a decrease in prepaid expenses of $16,000 during the year
Lelu [443]

Answer:$344,000 which is ($360,000-$16,000)

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Kroger, a grocery store chain, sells thousands of products from hundreds of different producers that are shipped through a varie
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Channel of distribution is the set path through which the goods are transferred from one place to another. This route can be direct or indirect is solely decided by the company to deliver the goods to the end consumers safely.

The big bulk should be broken down into different assortments so as to ease the movement of products from one place to another.  The description of the products should be given clearly, place, time, quantity, etc. Information should be disseminated clearly without any errors.  

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