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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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nignag [31]

Answer:

See below

Explanation:

The net realizable values are as follows

ai For accounts receivables

Ending balance of account receivables = Beginning balance of account receivables + Credit sale - Collections uncollectible amount

= $187,800 + $860,400 - $687,720

= $360,480

aii For allowance for doubtful debt

= Beginning balance + Previously written off amount - Uncollectible amount + Bad debt expense

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= $23,070

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3 years ago

Gilberto's Performance Pizza is a small restaurant in Chicago that sells gluten-free pizzas. Gilberto's very tiny kitchen has ba

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Answer:

However, Gilberto's decision regarding how many workers to use can vary from week to week because his workers tend to be students. Each Monday, Gilberto lets them know how many workers he needs for each day of the week. In the short run, these workers are <u>VARIABLE</u> inputs, and the ovens <u>FIXED</u> inputs.

Explanation:

In the long run, all inputs are variable. E.g. in 5 years Gilberto might build his own pizza place and he will be able to make the kitchen as large as he wants.

But in the short run, some inputs are variable because they can be changed immediately, e.g. the number of workers changes on a weekly basis. While other inputs are fixed, and cannot be changed, e.g. Gilberto has a two yer lease contract for the ovens, so he will continue to use these ovens until the lease expires (in 2 years).

The long run and short doesn't depend on time, but on the ability of being able to change the inputs consumed by a business. The long run might represent 10 years for a company that signed a 10 year lease contract.

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3 years ago

ABC, Inc. a contracting business has purchased a truck costing $50,000 with a depreciable life of 5 years. Using

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Answer:

it would increase

Explanation:

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3 years ago

Q1. This organizational structure violates the unity of

KiRa [710]

<h2>Question:</h2>

Q1. This organizational structure violates the unity of command principles because of dual reporting relationship.

Q2. It is a collection of independent, mostly single function enterprises that collaborate on a good or service.

<h2>Answer:</h2>

<u>C</u><u>.</u><u> </u><u>Matrix</u><u> </u><u>Organization</u><u> </u>
<u>A</u><u>.</u><u> </u><u>Divisional</u><u> </u><u>Organization</u><u> </u>

<h2>Explanation:</h2>

That's my opinion and I hope it helps ^_^

<h2><u>#CARRYONLEARNING</u><u> </u></h2><h2><u>#STUDYWELL</u><u> </u></h2>

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3 years ago

A reason for government involvement in a market economy is:

larisa [96]

Answer:

d. All of these answers are correct.

Explanation:

A market economy is where production decisions are made by the forces of demand and supply. Means of production are privately owned .

The government intervenes in a market economy for all the above stated reasons.

I hope my answer helps you.

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3 years ago