<span>Entrepreneurs are considered to be both spark plugs and catalysts of the free enterprise economy because of a number of reasons. Everybody benefits and profits when an entrepreneur becomes successful. When an entrepreneur opens his or her search for profits, the effects would be a chain of events where new products, greater competition, more production, higher quality, and lower prices for consumers can be observed. An entrepreneur is said to be a spark plug in the free-market for there is that vision of providing a product or a service that people are willing to pay for, combined with the ability to produce that product or service at a cost below the market sales price which propels him/her to take action. Capitalism will not work if it were not for the entrepreneurs who take the risks and start the businesses that produce the goods and services we all enjoy.</span>
Answer:
however
Explanation:
The best of the transitional word or phrase would most efficiently increase the cohesiveness of the following sentences is ''however''
"The company recorded a 11 percent increase in domestic profits, however the company has not been able to establish much demand in foreign countries."
It shows that although the company is doing well domestically by growing its profits, it has not been able to do so internationally.
Answer:
Difficult entry, Mutual interdependence, Market is control by a few large firms.
Explanation:
An Oligopolistic market very few organisations control a particular market share. Likewise, when another organisation attempts to enter the market, there are obstructions set up by the current organisations. Similarly, if one organisation changes or alter a commodity, it affects all other firms and organisations. So there is mutual interdependence in the oligopolistic market. There is high mutual interdependence because firms produce identical or the same goods and services.
Answer:
c. Cultural differences, government demands, and local competitors
Explanation:
Philips organization is multinational organization and it encounters the forces of local responsiveness as follows:
Cultural differences: As it is selling electronics it will remove cultural differences as that arise, because each person irrespective of its culture will use electronics.
Government demands of the country in which the organization is set up has to be met in order to thrive and find extra support from government.
As the company is an outsider to the states it needs to evaluate the local competitors properly in order to thrive and lead in the state of Netherlands.
