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.
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
The competition to make profit drives producers to eliminate waste.
The desire to make money through the production of goods and services.
The competition to make profit drives producers to eliminate waste
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.
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
The competition to make profit drives producers to eliminate waste.
The desire to make money through the production of goods and services.
The competition to make profit drives producers to eliminate waste
A struggles for the defense of Islam
The entrepreneur hopes to earn a profit.
Evaluation
There is no following provided?
the properties of a free-market system that determine what the outcomes will be
Televisions became more affordable.
(apex) a contract setting the price and date for a commodity purchase.
They valued knowledge more then rule following.