ANSWER: There are many ways how entrepreneurs benefit the economy. Few of them are
1) Create Jobs: Entrepreneurs create jobs in the community. When someone opens a new business or expands his new business, he will need human resource to help him to do his works.
2) Wealth Creation: Entrepreneurs pool in their own money and attract investment from lenders, banks and other investors. This mobilizes public wealth.
3) Exports: Entrepreneurs after growing in their businesses will want to export their products as a part of extending their market. This will help gain foreign currency in the country.
The strategy that Algonquin is working on is PUSH STRATEGY.
Push strategy is a promotional marketing strategy that involves taking a product directly to the consumers by making use of various means of advertising the product to take the product to the costumers.
When new firms have an incentive to enter a competitive market, their entry will BRING DOWN PROFITS OF EXISTING FIRMS IN THE MARKET.
This is because, those customers who are patronizing the existing firms before will start patronizing the new firms.
<span>D is the correct answer. The business benefits because the owners can share responsibilities, in most cases. However, some people may be silent partners - for example, they may invest in a business, but not have any say in how it is run.</span>
