All categories

2 years ago

Positive outcomes of entrepreneurship in marketplace

1 answer:

3 0

Answer: New and improved offerings, products or technologies from entrepreneurs enable new markets to be developed and new wealth created. Additionally, the cascading effect of increased employment and higher earnings contribute to better national income in form of higher tax revenue and higher government spending. Entrepreneurship and Innovation minors will be able to sell themselves and their ideas. Students master oral and visual presentation skills and establish a foundation of confidence in the skills necessary to cause others to act. Entrepreneurship and Innovation minors will be able to find problems worth solving. Economic growth. The bottom line of vibrant entrepreneurialism is that it creates wealth: for the entrepreneur, for the people that are employed as a result and for the local economy. ... Entrepreneurs boost economic growth by introducing innovative technologies, products, and services. Increased competition from entrepreneurs challenges existing firms to become more competitive. Entrepreneurs provide new job opportunities in the short and long term.

Hope this helps....... Stay safe and have a Merry Christmas!!!!!!! :D

You might be interested in

Calculate the total revenue, total costs, and total gross profit the company will earn on the sale of L-Ten, Triol, and Pioze. A

trapecia [35]

Answer:

L-Ten, Triol and Pioze

Revenue $1,000,000 ; $2,000,000 ; $700,000

Total Costs $750,000 ; $750,000 ; $510,000

Gross Profits $250,000 ; $1,250,000 $190,000

Explanation:

Gross Margin percentage = Gross margin / Revenue

Gross Margin Percentage = Total Gross Margin of all products / Total revenue

Gross Margin Percentage = $1,690,000 / $3,700,000 = 0.45

Gross margin percentage is 45%

7 0

3 years ago

You decided to take a college accounting course to brush up on your knowledge of the language of business. The tuition expense w

DerKrebs [107]

Answer:

The $500 is the opportunity cost.

Explanation:

The sunk cost can be defined as a cost that has already been incurred. Such as cost can no longer be recovered. A sunk cost is considered to be irrelevant and is excluded from decision making.

If an individual decided to take an accounting course and paid the tuition fee of $500 and gets a job offer later. If he/she decides to take up the job the tuition fee paid will be the sunk cost which cannot be recovered anymore.

8 0

3 years ago

you worked from 9:00 am to 7:00 pm with a 45 minute unpaid lunch and an unpaid 15 minute break. you will be paid time and 1/2 fo

Viktor [21]

Answer:

His overtime wage = $18.75

Total wages for one day = $118.75

Explanation:

Given,

He worked from - 9:00 am (Internationally - 9:00)

He stopped at - 7:00 pm (Internationally - 19:00)

Therefore, he worked for = (19:00 - 9:00) = 10 hours

Again,

He had unpaid 45 minute lunch break

He had unpaid 15 minute break

Total unpaid time = (45 + 15) minutes = 1 hour.

Therefore, he will be paid for = 9 hours

Again,

His normal wage = $12.50 per hour

<em>His overtime wage = 1.5 times of his normal salary = $12.50*1.5 = $18.75</em>

Since he worked more than 8 hours, he worked 1 overtime hour. Therefore,

(8 hours x $12.50) + (1 hour x $18.75) = $118.75

5 0

2 years ago

Expansionary fiscal policy to prevent real GDP from falling below potential real GDP would cause the inflation rate to be ______

Alex

Expansionary fiscal policy to prevent real GDP from falling below potential real GDP would cause the inflation rate to be _<u>higher</u><u>_</u>and real GDP to be <u>higher.</u>

<h3>
What is Expansionary fiscal policy ?</h3>

Expansionary fiscal policy can be defined as the type of fiscal policy in which government intend to increase the aggregate money supply while on the other hand cut or reduce the tax rate for the purpose of economy growth.

In a situation were real GDP fall below potential real GDP this tend to lead to increase in both inflation rate and real GDP.

Inconclusion the inflation rate will be _<u>higher</u><u>_</u>and real GDP will be <u>higher.</u>

<h3 />

Learn more about Expansionary fiscal policy here:brainly.com/question/546292?source=archive

3 0

1 year ago

In the United States, personal success and professional achievement are important motivators, and promotions and increased earni

otez555 [7]

People are often motivated to achieved anything. In the United States, personal success and professional achievement are important motivators is a true statement.

The universalist assumption is based on the fact that the motivation process is universal and that all people are motivated to run after goals that they value.

Culture often affects specific content and goals, the specific nature of motivation is different in all cultures. in China, group affiliation; goal, social harmony are motivations for pursuing goals.

Learn more from

brainly.com/question/13132465

4 0

2 years ago