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Minimize costs and maximize revenue.APEXX
the desire to make money through the production of goods and services
The desire to make money through the production of goods and services
a. The incentive to buy at a low price in order to be able to sell at a higher price.
b. The desire to make money through the production of goods and services.
c. The decision to allow market forces to decide on the price of goods and services.
d. The motivation to work hard at a job in order to buy more goods and services.
B.
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What best explains the profit motive?
The profit motive of both individuals and businesses is based on the desire to increase their net wealth by engaging in a profitable business or financial transaction. The profit motive is best explained by understanding how profit can be the overriding motivation behind human activity and the impetus for economic progress and widespread wealth creation. The Wealth of Nations, written by economist Adam Smith in 1776, has achieved world renown fame for explaining how the profit motive is an integral necessity for building a nation's wealth. call me (501) 456-3483
What best explains why the profit motive often leads to efficiency and innovation?
The competition to make profit drives producers to eliminate waste.
Which best explains the profit motive?
The desire to make money through the production of goods and services.
Which of the following best explains why the profit motion often leads to efficiency and innovation?
The competition to make profit drives producers to eliminate waste
Which best explains the profit motive pushes producers to do?
The profit motive drives producers to maximize efficiency and innovation by seeking ways to reduce costs and improve products or services. This competitive pursuit encourages them to respond to consumer demands and preferences, leading to better quality and variety in the marketplace. Ultimately, it fosters economic growth as producers strive to capture larger market shares and increase their profits.
What best explains the profit motive?
The profit motive of both individuals and businesses is based on the desire to increase their net wealth by engaging in a profitable business or financial transaction. The profit motive is best explained by understanding how profit can be the overriding motivation behind human activity and the impetus for economic progress and widespread wealth creation. The Wealth of Nations, written by economist Adam Smith in 1776, has achieved world renown fame for explaining how the profit motive is an integral necessity for building a nation's wealth. call me (501) 456-3483
What best explains why the profit motive often leads to efficiency and innovation?
The competition to make profit drives producers to eliminate waste.
Which best explains the profit motive?
The desire to make money through the production of goods and services.
Which of the following best explains why the profit motion often leads to efficiency and innovation?
The competition to make profit drives producers to eliminate waste
Which of the following explains best explains external jihad?
A struggles for the defense of Islam
What best explains why an entrepreneur would want to start a business?
The entrepreneur hopes to earn a profit.
Which of the following best explains why the game of economics does not have a signal goal?
Evaluation
What best explains why the money is increased when Fed buys treasury bonds?
There is no following provided?
Which of the following best explains what market forces are?
the properties of a free-market system that determine what the outcomes will be
Which of the following best explains why television began replacing radio by the 1950s?
Televisions became more affordable.
Which if the following best explains what a futures contract is?
(apex) a contract setting the price and date for a commodity purchase.
Which sentence best explains the reason for Adam and Eve's fall?
They valued knowledge more then rule following.
