Helping society can be the main contribution of entrepreneurship. A successful entrepreneur can help the society in following ways by donating, starting a charitable institution,sponsoring a child for higher education etc .
Contribution margin ratio is overall total contribution margin while contribution margin ration per unit is the allocation of total production contribution margin to per unit basis.
Formula for calculating average Contribution margin Average contribution margin = total contribution margin / total number of units
Contribution margin for per machine hour is as follows:total contribution margin / number of machine hours = contribution margin per hour
Contribution margin per unit = Contribution margin / number of units of products Contribution margin ratio = Contribution margin / Net sales The formula is different for both situations because contribution margin per unit calculates the contribution margin for one unit of product while contribution margin ratio calculates the contribution margin for total overall sales as overall sales may be included different mix of products with diff rent fixed and variable costs that's why both of these are calculated separately
Formula for contribution is as follows: Sales revenue xxxx Less: Variable cost xxxx Contribution margin xxxx
Creation of employment opportunities Facilitates economic development Source of income
The contribution of entrepreneurship in the Philippines economy is impressive. There is a high demand for entrepreneurs in the Philippines. There were over 830,000 entrepreneurs in the Philippines in 2011.
With the contribution entrepreneurship, many industries and companies have been set up in the area of growth and development.
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Entrepreneurs are job creators in the society. Also, they innovate new products that could make life easier for the consumer. They create new industries which is the key component for job creation.
entrepreneurship
The motto of Queen Rania Center for Entrepreneurship is 'Entrepreneurship through Knowledge'.
Simon C. Parker has written: 'The Economics of Self-Employment and Entrepreneurship' 'The Economics of Entrepreneurship (International Library of Entrepreneurship)' 'The economics of entrepreneurship'
Profits are the income of entrepreneurship.
Studying entrepreneurship can help you in establishing your own business or creating your own products. Entrepreneurship can lead to self-sufficiency.