BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A business that creates its own plan to expand its economic growth.
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Autonomy
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Big Idea
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Profitability
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Scalability
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Explanation:
Detailed explanation-1: -Entrepreneurs create employment opportunities not only for themselves but for others as well. Entrepreneurial activities may influence a country’s economic performance by bringing new products, methods, and production processes to the market and by boosting productivity and competition more broadly.
Detailed explanation-2: -Profitability measures how efficient the business is in using its resources to produce profit (rate of return on investment). Unlike profit, profitability is a relative measure of the success or failure of a business.
Detailed explanation-3: -Scalability may refer to the capability of a system to expand its total output under an increased load when resources are added.
There is 1 question to complete.