Whether Person X desire to buy a prevailing business or start from scratch. Introduction: A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

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Answer 1

Question

Chapter 3, Problem 3.7QA

Summary Introduction

To determine: Whether Person X desire to buy a prevailing business or start from scratch.

Introduction:

A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

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Students have asked these similar questions

Can we call someone an entrepreneur if they bought an ongoing business from someone else or took over the operations of a family business from their parents?

If you are dealing with an existing business, how did your company get to the point where it is today?

Can a person be an entrepreneur because of the nature of the work that they do within a large corporation?

Answer 2

Question

Chapter 3, Problem 3.7QA

Summary Introduction

To determine: Whether Person X desire to buy a prevailing business or start from scratch.

Introduction:

A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

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Answer 3

Question

Chapter 3, Problem 3.7QA

Summary Introduction

To determine: Whether Person X desire to buy a prevailing business or start from scratch.

Introduction:

A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

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Answer 4

Question

Chapter 3, Problem 3.7QA

Summary Introduction

To determine: Whether Person X desire to buy a prevailing business or start from scratch.

Introduction:

A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

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Answer 5

Chapter 3, Problem 3.7QA

Summary Introduction

To determine: Whether Person X desire to buy a prevailing business or start from scratch.

Introduction:

A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

Answer 6

Chapter 3, Problem 3.7QA

Summary Introduction

To determine: Whether Person X desire to buy a prevailing business or start from scratch.

Introduction:

A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

Answer 7

Chapter 3, Problem 3.7QA

Summary Introduction

To determine: Whether Person X desire to buy a prevailing business or start from scratch.

Introduction:

A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 3 - Prob. 3.1QR Ch. 3 - Prob. 3.2QR Ch. 3 - Prob. 3.3QR Ch. 3 - Prob. 3.4QR Ch. 3 - Prob. 3.5QA Ch. 3 - Prob. 3.6QA Ch. 3 - Prob. 3.7QA Ch. 3 - Prob. 3.8QA Ch. 3 - Prob. 3.9AE Ch. 3 - Prob. 3.10AE

Solution Summary: The author explains that a business is an economic system where goods or services are exchanged for money. It improves people's standard of living.

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Chapter 3 Solutions