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The profit motive can create anti-competitive incentives because businesses may prioritize short-term gains over fair competition. Companies might engage in practices such as predatory pricing, collusion, or creating barriers to entry to eliminate rivals and secure market dominance. This focus on maximizing profits can lead to reduced innovation and consumer choice, as dominant firms may prioritize their interests over competitive practices that would benefit the market as a whole. Ultimately, the drive for profit can encourage behaviors that stifle competition rather than promote a healthy marketplace.
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What does profit incentive mean?
profit incentive, or profit motive. This desire motivates entrepreneurs to establish new businesses and produce new kinds of goods and services.
What is your personal view on profit-motive?
motive only of profit! BOOM! stop copying from the internet!
Explain why producers have to have the profit motive?
Every producer must make a profit in order to remain in business. Without profits, businesses disappear.
Why in a free market system producers are motivated to reduce costs and increase revenues?
The Profit Motive
In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Profit Motive
Incentive for a person to make money for himself?
profit motive
What gives companies an anti-competitive impulse?
An anti competitive impulse is given to a company through the profit motive.
What does profit incentive mean?
profit incentive, or profit motive. This desire motivates entrepreneurs to establish new businesses and produce new kinds of goods and services.
Why is profit motive considered an incentive in a market system?
Minimize costs and maximize revenues.
Why is the profit motive is considered an incentive in a market system?
Minimize costs and maximize revenues.
What gives an anti competitive impulse?
An anti competitive impulse is given to a company through the profit motive.
What gives companies an anti competitive impulse?
An anti competitive impulse is given to a company through the profit motive.
What term describes the force that encourages people and organizations to improve the material well-being?
profit motive
How can an insurance company be for profit?
Because they are like any other business you buy goods and services from. A profit motive gives them an incentive to compete on price, quality and innovation.
What gives a company an anticompetitive impulse?
An anti competitive impulse is given to a company through the profit motive.
The concept of competitive advantage is as important for non-profit organizations as it is for?
"The concept of competitive advantage is as important for non-profit organizations as it is for profit organizations". Do you agree with this statement or not? Explain with examples to justify your answer. "The concept of competitive advantage is as important for non-profit organizations as it is for profit organizations". Do you agree with this statement or not? Explain with examples to justify your answer.
How do you use profit motive in a sentence?
They had a profit motive, so they did not care about what the work did to the environment. Their profit motive helped progress their ideas for doing business.
