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3 years ago

Explain how entrepreneurship and labour are rewarded

Business

1 answer:

kirill115 [55]3 years ago

7 0

Answer:

Entrepreneurship that proves to be successful in taking on the risks of creating a startup is rewarded with profits, fame, and continued growth opportunities. Entrepreneurship that fails results in losses and less prevalence in the markets for those involved. Key Takeaways

Explanation:

Entrepreneurship is the process of starting a business or other organization. The entrepreneur develops a business model, acquires the human and other required resources, and is fully responsible for its success or failure. Entrepreneurship operates within an entrepreneurship ecosystem

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Which of the following is least likely a function of the centeral bank in an economy? 1. Managing the country's foreign exchange

Pavlova-9 [17]

Answer:

the rigt answer is A.

Explanation:

One of the main functions of the central bank is to manage and protect gold and foreign exchange reserves in the country.

5 0

3 years ago

Suppose that a store sells candy bars for $0.89 for one and $1.50 for two. The marginal cost of the second candy bar is:

hoa [83]

The marginal cost of the second candy bar is:$0.61.

<h3>Marginal cost</h3>

Using this formula

Marginal cost=Selling price for two-Selling price for one

Where:

Selling price for one=$0.89

Selling price for two=$1.50

Let plug in the formula

Marginal cost=$1.50-$0.89

Marginal cost=$0.61

Inconclusion the marginal cost of the second candy bar is:$0.61.

Learn more about marginal cost here:brainly.com/question/16615264

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2 years ago

1. Calculate owners’ equity. Pasta Enterprises has $42,000 in cash, $20,000 in inventory, $17,000 balance due to creditors, and

mash [69]

Answer:

The amount of owners’ equity is $66,000

Explanation:

Basing on the balance sheet equation:

Assests = Liabilities + Owners’ equity

Therefore:

Owners’ equity = Assests - Liabilities

Pasta Enterprises has $42,000 in cash, $20,000 in inventory, and $21,000 balance due from customers.

Assests = Cash + Inventory + Balance due from customers = $42,000 + $20,000 + $21,000 = $83,000

Liabilities = Balance due to creditors = $17,000

Owners’ equity = $83,000 - $17,000 = $66,000

3 0

3 years ago

Sarah found success as an entrepreneur by employing a relationship marketing strategy. The goal of this strategy is to:_______

Brums [2.3K]

Answer:

work closely with existing customers to better satisfy their wants and needs.

Explanation:

Relationship marketing is simply the development, growth, and sustaining of long-term, cost-effective relationships with individual customers, suppliers, employees, and other partners for mutual benefit of parties involved. It emphasize is placed more in retaining or sustaining customers because new customers are more expensive compared to existing customers and can help an organisation have long-term, cost-effective links with individual customers for benefits between both sides.

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3 years ago

Food for Families, a nonprofit organization, uses inputs such as money, groceries, and volunteer time and labor to transform foo

docker41 [41]

Answer:

Option D

Explanation:

In simple words, A transformation phase relates to any operation or collection of actions that selects, converts and contributes value to one or even more variables, and generates outcomes for consumers or stakeholders. A medical facility, for instance, turns sick people (the input) into healthy individuals (the result).

It normally takes several separate transitions to create a product or a service. The ultimate transition can be defined as the mega process, and as mini processes, the far more specific transitions inside this macro operation.

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3 years ago

Explain how entrepreneurship and labour are rewarded​

Explain how entrepreneurship and labour are rewarded