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3 years ago

What must an entrepreneur assume when starting a business??

2 answers:

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>

Entrepreneur: brainly.com/question/8358477
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

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An exclusive agency agreement will save Janice the cost of a commission.

Explanation:

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In the given scenario, Janice wants to market her home and receive the best representation possible. Hence, she requires the services of an agent in order to do so. However, Janice would want to retain the right to be able to sell the property on her own. This way, if her neighbor does ultimately decide to buy the property, Janice can simply sell it to the neighbor without having to pay any commission to her agent.

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Answer:

($148 million)

Explanation:

Calculation to determine Rapid Pac’s statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2021

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Therefore Rapid Pac’s statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2021 will be ($148 million)

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3 years ago

Which of the following examples describes how data science can improve<br> business outcomes?

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The data science can alter business resultants with the support of Analytics.

<h3>What is Analytics?</h3>

The systematized combinatorial investigation of the subject matter or applied mathematics is known as analytics.

It is a tool for determination, interpreting, and communicating crucial structures in data.

It also implies using data patterns to make more intelligent decisions. With the usage of analytics, data science may modify and better business outcomes.

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