Answer:
B) started many small firms that later became major corporations employing thousands of workers.
Explanation:
Entrepreneurship is the intellectual capacity required to drive a business and the skills to develop an idea into a money making venture (business).
An entrepreneur refers to an individual who sees a need or discovers a problem in a society and innovatively proffers a solution using brilliant ideas or entrepreneurial thinking.
The following are four characteristics of an entrepreneur;
1. Innovative: it can be defined as a quality possessed by an individual or group of people such as an entrepreneur and typically involves the process of improving on an existing product or ideas.
2. Passionate: believing in a course and one's ability to achieve much more at a business.
3. Risk-Taker: he or she is confident enough to venture into risky businesses with the hope of an expected success.
4. Self-Confident: he or she is bold and believes in his or her abilities to excel.
In a society, the role of an entrepreneur is mainly focused on bringing the four (4) factors of production together and take the risks of producing output, so as to generate revenue through sales and make economic profits in the long-run.
Historically, entrepreneurs in the United States of America have started many small firms that later became major corporations with branches across the world and employing thousands of workers to carry out its daily services.
College students can be a less<u> </u><u>reachable</u> market segment because students' media habits are quite diverse and firms might have to use a wide variety of media to attract this segment.
<u>Explanation:</u>
The procedure in which a capable consumer business is bifurcated into categories, which is based on various features. The types or categories produced is comprised of customers who will respond to the campaigns of marketing in a similar pattern and who share attributes like matching interests, desires or places, thus understood as market segmentation. College students are not covered under sufficient reachable market segmentation in some cases, as they are students and more focused towards education, thus job pursuing or business owning candidates are much preferred to be eligible for the market product policies.
Answer:
A) derived demand
Explanation:
The economic concept of demand is used to express the total amount of a good or service that is consumed. In the case of the car market, demand will be the total of cars bought by consumers. The concept of derived demand aims to explain the indirect demand for the inputs used in car manufacturing that occurs when consumers buy cars. The greater the demand for cars, the greater the demand for inputs, such as steel, for car manufacturing. Thus, the demand for steel from the demand for cars is a derived demand.
Answer: Option (c) is correct.
Explanation:
Correct Option: Decrease the money supply, which will move output back towards its long-run level.
If the economy is in long run equilibrium and there is a rightward shift in the aggregate demand curve then as a result output and price level rises in an economy.
Here, the central must follow the contractionary monetary policy to stabilize the economy.
So, the central bank must decrease the money supply to move the output and price level back to its initial position.
