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What is the activity or entity that aims to earn a profit by providing goods and services that meet the needs of others?
any activity which seeks to earn a profit by providing a good or service is known as
Why are private companies unlikely to provide public goods'?
The non-excludability of public goods makes it difficult to profit from them.
Is any activity that provides goods and services in an effort to earn a profit?
business
Why is it difficult for private industry to provide public goods?
Private industries mainly work for profit purpose. If they provide public goods then it has to be priced at lower rates which will diminish their profit margins. Thus, it is difficult for private players to provide public goods.
Public goods are not typically produced by private companies because?
The non-excludability of public goods makes it difficult to profit from them.
What is a major problem with Africa's export economy?
Raw materials earn less than finished goods. or It is hard for Africa to make a profit on the goods that it exports. or World-market price fluctuations make the economy unstable
What are Public schools charities and government agencies generally?
Do not seek to earn a profit
What are the major aspect of the external environment in business firms?
in business firm business man can earn more information about the goods n earn profit
Can a nonprofit corporation sale goods for profit?
Yes, non profits can sell goods to earn money for their business to pay for rent, utilities, and staff wages but they money cannot be given to board members for profit.
What factors prevents private companies from deciding to produce public goods?
The profit motive
Explain how a business can earn a positive gross profit on its sales and still have a net loss?
A business can earn a positive gross profit on its sales and still have a net loss. The gross profit is simply the sales minus cost of goods sold. If the gross profit is less than expenditure, it will result into a net loss.
What are the aims and objectives of public limited company's?
As with any company, to supply goods or services at a profit.
