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What is the main incentive for business activity?
profit
What is disinvestment of profit making?
When firms are making no or little profit, there is incentive to innovate/invest because they wish to increase profits in the future. When profit is already achieved, there is less incentive (disincentive) to do so.
Recreation offered to the public with an incentive of making a profit is what?
a test question
What is the cost or benefit that motivates an economic decision?
A. Innovation B. Incentive C. Profit
Profit role as an incentive for entrepreneurs?
Profit serves as a crucial incentive for entrepreneurs by rewarding their risk-taking and innovation. It motivates them to invest time, resources, and effort into developing new products or services, ultimately driving economic growth. Additionally, the prospect of profit encourages competition, leading to improved quality and lower prices for consumers. Overall, profit aligns the interests of entrepreneurs with market demands, fostering a dynamic and responsive economic environment.
Incentive for a person to make money for himself?
profit motive
What is the main incentive for business activity?
profit
What is disinvestment of profit making?
When firms are making no or little profit, there is incentive to innovate/invest because they wish to increase profits in the future. When profit is already achieved, there is less incentive (disincentive) to do so.
Use profit incentive in a sentence?
Kim's desire to be rich was her motivation for studying in school.
What is the main incentive for a manufacturer to sell a product?
To make a profit
Recreation offered to the public with an incentive of making a profit is what?
a test question
Why is the profit motive is considered an incentive in a market system?
Minimize costs and maximize revenues.
What is the cost or benefit that motivates an economic decision?
A. Innovation B. Incentive C. Profit
Why is profit motive considered an incentive in a market system?
Minimize costs and maximize revenues.
Profit sharing is a way to encourage employees to do more and better work is known as.?
Incentive Pay
What is the mean of incentive in job?
An incentive is an usually monetary reward for performing a certain task.
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.
