1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Maru [420]
3 years ago
7

What must an entrepreneur assume when starting a business??

Business
2 answers:
True [87]3 years ago
4 0

An entrepreneur must assume the fact that clever market strategies may still fail to sell a product when starting a business.

<h2>Further Explanation: </h2><h3>Entrepreneurship  </h3>
  • Entrepreneurship is the process of identifying a business opportunity or a gap and then coming up with ways and means to fill the gap. It involves coming up with ideas or means of achieving set goals by an individual.
  • Entrepreneurship involves taking risk by investing resources such as finances, time, labor and other factors required with an aim of making profit as a reward. It may involve creation or production of goods and services or filling the gap between producers and consumers.
<h3>Entrepreneur </h3>
  • An entrepreneur is the person who identifies a business opportunity and takes a risk to invest his resources with an aim of making profit as a reward. An entrepreneur creates new methods or ways to satisfy the consumer need thus closing an existing gap in the market.  
  • An entrepreneur comes up with a process to utilize available resources and technology to achieve certain set goals such as production of goods and services to add value to the economy while at the same time making profit and benefiting the society.
<h3>Characteristics of an entrepreneur </h3>

1. Creativity

  • For an entrepreneur to succeed he/she should always think of new ideas and better methods of doing things.

2. Future-oriented

  • An entrepreneur is always looking at the future of his/her business. They always work to achieve certain set objectives and they know what exactly the want to achieve.

3. Flexibility  

4. Persuasive  

5. Passionate about their businesses

6. Risk taker  

7. Good decision makers

8. Resourceful  

9. Ability to solve problems, etc.

Key words: Entrepreneur, entrepreneurship  

<h3>Learn more about </h3>
  1. Entrepreneur: brainly.com/question/8358477
  2. Advantage of Entrepreneurship: brainly.com/question/11426542

Level: High school  

Subject: Business  

Topic: Entrepreneurship  

yulyashka [42]3 years ago
3 0
That clever market strategies may still fail to sell a product
You might be interested in
Patti would like more information about product recalls. Which of the following resources would not be reliable and relevant?
il63 [147K]
Newspaper written by an expert
8 0
3 years ago
Coworkers Yvonne and Rodney are trying to finish cleaning the store by washing dishes and sweeping the floors. To finish both ta
Lynna [10]

Answer: True- The comparative advantage in the dish washing

Explanation:

Yes, the given statement is true that both the coworkers that is Rodney and Yvonne determining the comparative advantages in the store by washing all the dishes.

The comparative advantages is one of the term that is used to refers to the economical ability that helps in providing the various types of products and also reflecting the overall production opportunity in terms of cost.

Accordion to the given scenario, we use the comparative advantages for determining the person for washing the dishes from both the co-workers.

Therefore, The given answer is correct.

3 0
3 years ago
Anthony is deciding between different savings accounts at his bank. He has four options, based on how frequently interest compou
GaryK [48]

Answer: D) Daily Compounding

Explanation:To earn as much interest as possible, Anthony should open a savings account that earns compound interest and has the highest interest rate.

Daily compounding is compounded every day, hence Anthony will get the best rate of return on his interest with this.

7 0
3 years ago
Wendy is a college student in her sophomore year. she is single with no kids, has vegetation paid for by scholarship. what type
AlekseyPX

Answer:

none of the above

Explanation:

6 0
3 years ago
Read 2 more answers
When the price of a good or service changes,a. the demand curve shifts in the opposite direction.b. the supply curve shifts in t
fredd [130]

Answer:

<u>There is a movement along a given supply curve.</u>

Explanation:

When the price of a good or service changes, consequently there are several factors that will influence demand. Some of them are the quantity demanded, which due to a price change may increase or decrease compared to the original demand. Therefore, this is a factor that will influence a movement along the demand curve.

4 0
3 years ago
Other questions:
  • AV City stocks and sells a particular brand of laptop. It costs the firm $625 each time it places an order with the manufacturer
    8·1 answer
  • During regular operating hours, passengers of Fly-Hi airlines arrival at the airport at the average rate of 190 per hour (Poisso
    15·1 answer
  • Borrowing money to pay for expensive items like student loans and home mortgages with the intent to pay it back in fixed monthly
    11·2 answers
  • A male customer of a sports bar has taken a particular liking to one of the waitresses, and always asks to be seated at her stat
    14·1 answer
  • How walmart motivate thier employees?
    8·1 answer
  • Suppose there is currently a tax of $50 per ticket on airline tickets. Buyers of airline tickets are required to pay the tax to
    12·1 answer
  • Becker &amp; smith, cpas, and its client, troper lighting, are discussing a possible advisory engagement in which the firm would
    7·1 answer
  • You are considering two equally risky annuities, each of which pays $5,000 per year for 10 years. Investment ORD is an ordinary
    15·1 answer
  • Contribution Margin Variance, Contribution Margin Volume Variance, Market Share Variance, Market Size Variance Sulert, Inc., pro
    10·1 answer
  • A call option on MassComputer Corp. is trading with a strike price of $100 and an expiration date on November 18th at 4 pm in th
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!