<u>Answer:
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Most entrepreneurs believe that profit is what matters most, but cash is the most important financial resource for a small business owner.
<u>Explanation:
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- The major reason the entrepreneurs believe that profit matters the most because that is the sole factor in most cases that the run their businesses for.
- Most entrepreneurs fail to realize that as long as there is liquidity in the business, the business will thrive. This liquidity in the business comes from the flow of cash.
It is correct to say that globalization has a tremendous impact on cultures across the world, whether large or small. Some effects of globalization are:
- Formation of commercial alliances
- Increase in immigration
- Technological development
- Speed of information flow
- Increased competition
- Increase in consumerism
- Formation of multicultural societies
<h3 /><h3>What is globalization?</h3>
It is a worldwide phenomenon that has made relations between countries closer, in the social, political, economic and cultural spheres, having been formed through developments in technology and means of transport.
For citizens, globalization has increased the possibilities of migration to other countries in search of better job opportunities and an increase in the quality of life.
As for companies, it generated the possibility of internationalizing processes in search of increasing profitability. And for politics, it generated a series of agreements and alliances between countries to obtain mutual benefits.
Therefore, globalization has made the world more connected, with a faster flow of information and greater diversity of cultures living in the same environment.
Find out more about globalization here:
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The bays are excellent for shipping, shipbuilding, and fishing
The answer would be an opportunity cost
Example of opportunity cost :
Let's say an artist have 2 choices for their Friday's schedule. The first one is to do a free meet and greet with his fans. The second one is to serve as a Guest star on a tv show, in whcih he will receive a payment.
Then, the artist chose to do the meet and greet instead.
The amount of money that the artist lost from his decision, is an example of an opportunity cost
Hope this help you out
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Explanation:
The Columbian Exchange caused population growth in Europe by bringing new crops from the America's and started Europe's economic shift towards capitalism. Colonization disrupted ecosystems, bringing in new organisms like pigs, while completely eliminating others like beavers
