Define and discuss free enterprise and define and discuss profit motive?

Q: What is the principal advantage of the corporate form of business organization? Discuss the…

A: * ANSWER :-

Q: Entrepreneurial, machine bureaucracy, and adhocracy are examples of: Organizational goals O…

A: Organizational goals are the goals that an organization wants to achieve. The organization's…

Q: Doctrow uses the following terms to describe; Someone who puts capital into production and…

A: Production: It is a cycle of consolidating different material information sources and unimportant…

Q: How does profit motive affect innovation and economic productivity?

A: Productivity is the ratio of output and input.

Q: "Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a…

A: Given the statement is  Every gun that is made, every warship launched, every rocket fired…

Q: scarcity and competition

A: Scarcity and competition both are the terms which a producer face while producing commodities.…

Q: Understand the opportunity as a product development phase, includes:

A: The following are the stages of a product development process: Generation of product concepts…

Q: Relate why economic profits occur and how profits, along with losses, allocate resources among…

A: Economic profits equal to total revenue minus implicit and explicit cost both. Economic profits…

Q: Describe four characteristics of the Free enterprise System

A: The free market, also known as free enterprise, is an economy in which prices, goods, and services…

Q: Trace down/narrate how the establishment of the cooperative started. What do you think were the…

A: Cooperative societies are the group of people who have common motives. The main motive of any…

Q: Economic system What is pure capitalism? What is command? What is traditional? What is socialism?…

A: Economic system is defined as the system under which the economic activities of production,…

Q: Reasons why intellectual property laws might hinder innovation in some cases?

A: It is important to protect the innovation and creative work of people. The intellectual property…

Q: what does Adam Smith mean by “self-regulating

A: Adam Smith in his book called "The Wealth of Nation" published in 1776 has described the…

Q: there are four (4) characteristics or term in which we can differentiate a market structure from…

A: A market is a meeting place where people can exchange goods and services. The most typical…

Q: Discuss the importance of entrepreneurship and innovation as well as describe their differences,…

A: Innovation is very important in order to get more revenue from any business and for improvement in…

Q: According to Theodore Levitt, in terms of an organization's business, railroads lost market share in…

A: Theodore Levitt criticised the management of American railroads in 20th century.

Q: hat initiatives are useful in improving profits?

A: Since businesses are experiencing different types of fundamental transformations due to…

Q: What role do these entrepreneurial competencies play in the success of the entrepreneur as well as…

A: The person who tends to start a business and is also willing to risk loss for making more money is…

Q: What is a corporate evaluation? What is the importance of corporate formulation?

A: Answer is given below

Q: Using a historical instance as an example, explain how the State helped to create the conditions for…

A: Under socialism, the state claims the method for the creation and endeavors to coordinate monetary…

Q: Your best friend has an idea for a long-distancecar service to drive people across the…

A: People prefer rail, or airplane service for the long-distance journey as it is an efficient…

Q: We know that environment has an obvious impact on business. Illustrate the impact of the…

A: The socioeconomic environment is described as the social impacts that are inserted on health in the…

Q: Reed, Isaiah, Nia, and Taylor are all lawyers. After several years of working for big firms, they…

A: A business organization is an entity aimed at carrying on commercial enterprise by providing goods…

Q: What type of market structure does the firm participates and how did you decide this?

A: Marginal cost = Change in total cost / Change in quantity of output Marginal revenue = Change in…

Q: What is a cooperative? What are the types of cooperatives?

A: A cooperative (also known as a co-operative, co-op, or coop) is "an autonomous group of persons who…

Q: What is Enterprise example

A: ‘Enterprise’ refers to a project or undertaking, which is difficult, complicated or risky. It is a…

Q: KIND can be considered a "social enterprise." Again, what does the term mean? Whatever the term…

A: Social Enterprise: Businesses that change the world for the better are known as social enterprises.…

Q: How do the reward system and organization cultureaffect innovation in organizations?

A: Innovative organizations appear to have cultures which are closely related. They promote creative…

Q: Langton, Robbins, & Judge describe four artifacts of an organization’s culture that can be used to…

A: Answer in step 2

Q: The economic system design based on three questions as what get produced? How is it produced ? And…

A: Because of scarcity every society or economic system must answer these three (3) basic questions:…

Q: Describe the significance of the six entrepreneurial competencies

A: Entrepreneurial competencies Entrepreneurial competencies are the key qualities a person who is an…

Q: Choose the letter of the best answer. Write the answer on a separate sheet of paper. 1.These are…

A: Consumer: These are the individual/ or group of individuals who buy goods and services for personal…

Q: 1. Buyer Seller Relationship 2. Business Competition 3. New Business Venture

A: 1 Buyer Seller Relationship It is the buyer and the seller relationship in between the commitment…

Q: 2. Masood quit his job at the bank Muscat where he earned RO 50,000 a year to start his own…

A: Accounting profit is profit after reducing the explicit cost from total revenue , it is also known…

Q: Explain each base on the picture.  purpose of DISRUPTIVE INNOVATION how it works netflix's…

A: A) Purpose of DISRUPTIVE INNOVATION Disruptive innovation is a development that streamlines and…

Q: Articles and books that were written thirty or even forty years ago can be included in the…

A: A review that includes a summary, overview, and evaluation regarding the current knowledge state…

Q: Video games and sports events are two of the creative industries. Select one: True O False

A: Video games and sports event are two of the creative industries - TRUE

Q: How does profit motive affect innovation and economic productivity?

A: Profit motive: The benefit rationale is the inspiration of firms that work to amplify their…

Q: Explain the interdependence and economic freedom, amd how do they affect internartional businesses?

A: The following problem has been answered as follows:

Q: Give concrete ways on how to develop persistence, taking iniative, and commitment in…

A: Entrepreneurship refers to the activity of setting up a business or businesses by an individual that…

Q: Historically, how have the three sectors evolved?

A: The economic structure of developed countries has followed a basic pattern of development throughout…

Q: Explain promotion of modern technology?

A: Modern Technology is the usage of high tech machinery and equipment which are up to the mark with…