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The primary reason individuals start a business
Ignore government agencies
Start own business
Competition
Increase prices
Managing a doctor’s office
Charging taxes to the government.
Entrepreneurship
Profit motive
You want to start a business. Which type of business is right for you, if you want to be independent and make all decisions about everything, keep all the profits, and allows you to hire all-new employees?
Ignore government agencies
Start own business
Competition
Increase prices
Managing a doctor’s office
Charging taxes to the government.
Entrepreneurship
Profit motive
The process of getting into and operating one’s own business
Ignore government agencies
Start own business
Competition
Increase prices
Managing a doctor’s office
Charging taxes to the government.
Entrepreneurship
Profit motive
When several businesses strive for the same customer dollar.
Ignore government agencies
Start own business
Competition
Increase prices
Managing a doctor’s office
Charging taxes to the government.
Entrepreneurship
Profit motive
Scarcity allows businesses to:
Ignore government agencies
Start own business
Competition
Increase prices
Managing a doctor’s office
Charging taxes to the government.
Entrepreneurship
Profit motive
All the following are idea-generation methods, EXCEPT for:
Ignore government agencies
Start own business
Competition
Increase prices
Managing a doctor’s office
Charging taxes to the government.
Entrepreneurship
Profit motive
Entrepreneurs contribute to society in all the following ways EXCEPT:
Ignore government agencies
Start own business
Competition
Increase prices
Managing a doctor’s office
Charging taxes to the government.
Entrepreneurship
Profit motive
Which idea is NOT good for a home-based business?
Ignore government agencies
Start own business
Competition
Increase prices
Managing a doctor’s office
Charging taxes to the government.
Entrepreneurship
Profit motive
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