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ale4655 [162]
3 years ago
7

List four benefits of entrepreneurial thinking

Business
2 answers:
Irina-Kira [14]3 years ago
7 0

Answer:

Entrepreneurial thinking helps you stay ahead of others at work. It helps you tackle the ever increasing competition and rise through ranks. Your ability to identify problem quicker and provide solution timely is likely to put forward the best of you in front of your employer.

It allows for more flexibility in you. Entrepreneurial thinking can change your attitude towards th organization as well as yourself. Through the flexibility that it allows, it enables you to adapt to the changing environment such as the changes in competitive landscape, market dynamics, and consumer trends/demands etc. Little or no time is wasted in resistance towards the change, speeding up your career growth.

An entrepreneurial mindset provides individuals with the ability to adapt to certain conditions effectively.

Having an entrepreneurial mindset will encourage creativity. If you’re open to innovation and willing to take risks, you’ll be more likely to think outside the box. If something isn’t working well, there may be more than one fix, and you shouldn’t always fall back on the simplest or safest method. Critical thinking is the key to a successful business, and being willing to find creative solutions even if it might mean more work will help your business greatly in the long run.

34kurt3 years ago
6 0
Own boss
Put your ideas into practice
Money for yourself
Learn to run a business
Work with your customers
Personal satisfaction
Work in an area that you enjoy
Built retirement value



Hope you get it +
Enjoy my picture i made it myself
Hope you like it

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During 2017, Oriole Company expected Job no. 59 to cost $300000 of overhead, $560000 of materials, and $200000 in labor. Oriole
Readme [11.4K]

Answer:

$165,000

Explanation:

The computation of the amount of over- or underapplied overhead is shown below:

The Predetermined overhead rate is

= Predetermined overhead ÷ direct labor cost

= ($300,000 ÷ $200,000)

= 150% of direct labour cost

Now  

overhead applied is

= (150% × $280,000)

= $420,000

And,  

Actual overhead=$255,000

So,  

overhead overapplied is

= $420,000 - $255,000

= $165,000

5 0
3 years ago
Suburbanization of more developed countries is due to what?
yKpoI14uk [10]

Answer: Lifestyle change/desire to change it is the suburbanization of more developed countries.

Explanation: More developed countries have suburbanized areas which are houses on larger, private lots and their own driveways. More developed countries have the ability to build and maintain suburbanized areas monetarily and by use of equipment than poorer countries.

4 0
3 years ago
According to the theory of liquidity preference, tightening the money supply will ______ nominal interest rates in the short run
NeTakaya

Answer:

B) increase; decrease

Explanation:

According to the liquidity preference theory interest rates are determined by the supply and demand of money. So when the money supply is tightened it decreases the supply of money, which shifts the supply curve of money to the left and therefore interest rates increase. According to the fisher effect tightening the money supply will decrease the nominal interest rates in the long run because in the long run according to fisher interest rates and inflation rates move in the same direction, so when the money supply is tightened the inflation rates also fall because people spend less money and therefore when inflation is falling nominal interest rates also decrease.

5 0
3 years ago
The alcoholic beverages in a private club are
nika2105 [10]

Answer:

The alcohol beverages in a private club are owned by the members.

3 0
4 years ago
An investment of ​$93000 was made by a business club. The investment was split into three parts and lasted for one year. The fir
Ulleksa [173]

Answer:

Amount of three parts of investment are

72000, 16000 and 5000

Explanation:

We have given total investment = $93000

Let the investment made by three businessman are x , y and z

So x+y+z=93000-----eqn 1

It is given interest rates are 8 % , 6% and 9 %

And time = 1 year

Total interest = $7170

So 0.08x+0.06y+0.09z=7170----eqn 2

It is given that interest from first investment is 6 times the interest from second investment

So 0.08x=6\times 0.06y

0.08x=0.36y ----- eqn 3

After solving eqn 1 eqn 2 and eqn 3

x = 72000

Y = 16000

And z = 5000

8 0
4 years ago
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