if you had to choose to be either an entrepreneur, an intrapreneur, or an employee right now, which would you select?  Explain.

Q: How is the acquisition of fixed assets an important activity for a business organization?

A: Fixed assets are the assets that are purchased by a firm for long-term use and the fixed assets…

Q: The real costs of transporting goods and people have declined substantially over time.  What impact…

A: An individual producer is the person that manufactures of goods and services on the economy.

Q: Why is it difficult for Hong Kong to develop the smartwatches industry?

A: The watch industry has allready been developed in Hong kong but when we talk about smart watch…

Q: Compare and contrast natural resources and natural capital

A: Resources: An asset is an actual material that people need and worth like land, air, and water.…

Q: As a student in social entrepreneurs dealing with community people, what habits and traits you must…

A: Social entrepreneurship is an attempt through which an individual, organization, groups, fund and…

Q: What is the average lifespan of a corporation?

A: Corporations refer to the business units which are large in size and are being operated as one…

Q: What in your view has led to an increase in the level of organisational competitiveness in modern…

A: Different economic enterprises compete for commodities that are limited by adjusting the parts of…

Q: What does capital intensive require?

A: The technique of production used to produce the goods and services depends upon the type of goods…

Q: Which of the following is not something you need to consider when planning for retirement how much…

A: The consumption smoothing is an important concept in consumer behaviour where an individual…

Q: Why Do Firms Choose Acquisition Versus Greenfield Investments?

A: Acquisition and Greenfield Investments are the two ways in which a company can enter into a foreign…

Q: Applying the concept of marginal costs, how would you, as a business owner, decide how much to…

A: There are basically two types of costs- fixed costs and variable costs. The variable cost refers to…

Q: How have the costs of entrepreneurship changed over the past decade? What forces are behind these…

A: Entrepreneurship has changed a lot in rhe past decade. Few decades back competition in enterprise…

Q: Classify the Costs for Manufacturing Environments?

A: The classification cost for manufacturing environments is categorized with respect to nature is…

Q: Explain cost of capital .

A: Cost of capital = Is the addition of the cost of equity + cost  of the debt as per given

Q: What is the Capital-Recovery Factor?

A: The firm or the business needs to make some investment in the initial period to make the operations.…

Q: How can a small local business enterprise compete against a global corporation?

A: Small businesses can compete successfully with global competition by carving out a niche and…

Q: What factors caused American business to develop into a mixed economic system rather than some other…

A: The American economy, like most first-world economies, follows a mixed economic system. Under a…

Q: How would it be difficult to be a barber with a world without money

A: Barter System: The exchange of goods and services against the other goods and services is called a…

Q: A person who translates business requirements into technical systems requirements is a ___________.

A: The businesses include the various components in an economy wherein the major considerations involve…

Q: What advantages does the Cotton Gin have over previous technologies?

A: A cotton gin is a machine that separates cotton fibers from their seeds fast and efficiently,…

Q: If you're authorized with some invested capital, what is the potential market that you're most…

A: If I Have Authorized With Some invested Capital, So I Should Invest It In Stock Market. Because…

Q: Which countries will likely be growing faster: cutting-edge countries or catching- up countries?…

A: Catch-up effect occurs when poor countries tend to grow more faster than rich countries. The small…

Q: If you have an idea of a product, a process or a service that you think will be in demand,…

A: In a market, an individual wants to operate a business with having an idea, process, and strategy…

Q: What makes being an entrepreneur different from other profession?

A: Entrepreneurship is the term used to describe the process of starting a firm. Entrepreneurs are…

Q: What are the Nagative impacts of Manufacturing in the economy?

A: The manufacturing industry is a vital area in numerous public economies and is engaged with making…

Q: What do enterprise zones directly provide?

A: Fiscal policy refers to the management of government spending and tax reforms inorder to benefit the…

Q: Explain UK small business with appropriate examples

A: A small company is one that operates on a small scale and requires less capital investment, fewer…

Q: Looking at the chart above Describe how technology is projected to affected the demand and supply of…

A: Technology – As more and more innovation and new ways to produce the goods leads to a reduction in…

Q: How do Tribal businesses compare to minority and other businesses in the US?

A: Any company or economic operation entirely owned by the Tribe, regardless of the form of the…

Q: What does Economic restructuring refer to?

A: There exist four major sectors in an economy. Primary sector includes raw materials extraction,…

Q: What differentiates an entrepreneur from a small-business owner?

A: Entrepreneurs are those who launch new businesses, bearing the bulk of the risks and getting the…

Q: How do you think the U.S. economy will change as we move closer to a technology-driven service…

A: U.S economy is allready at a development stage.It is a developed country.It has become master in…

Q: If you plan to open a business, what do you need to consider when compiling your costs?

A: While opening up the new business, the main factor to be considered while compiling the cost is to…

Q: What are the two components of Capital costs?

A: Capital costs are fixed, one-time expenditures incurred in purchasing land, houses, construction,…

Q: Differentiate between Pure and Mixed Investments with examples?

A: Investment: The term investment refers to the current forgone consumption that is used to generate…

Q: A car used as a taxi is a capital good  True/False

A: First of all we must understand what are capital goods and what are consumption goods. The goods…

Q: Explain The equilibrium in the market for capital

A: Capital refers to the amount invested in purchasing assets for financial gain in the business as…

Q: What are the best decision-making strategies for a firm that relocates in an underdeveloped country?

A: An economy that is undeveloped is one that is characterized by. Low per capita GDP.Maybe less than…

Cost of Production

In economic theory, production costs are the costs incurred by an industrial organization when it engineers a project or provides a service that generates revenue and benefits. Labor costs, raw materials, consumable manufacturing costs, and general overhead sum up, accounting for production costs. Total cost data is calculated by combining total direct costs of materials, labor costs, and total production costs.