ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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You take holidays during term-time.
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You have to work 9-5pm every day.
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You make your own decisions, shape your own future.
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You can work from home, work the hours that suit your lifestyle. Take holidays when you want
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Detailed explanation-1: -A firm’s ability to respond to changes in its environment both rapidly and at low cost.
Detailed explanation-2: -It supports success. Given that flexibility affords people autonomy, freedom, and balance, people perform better. It translates into higher productivity levels, loyalty, and engaged employees.
Detailed explanation-3: -Becoming an entrepreneur offers personal and professional freedom, including the chance to manage work-life balance and make decisions about a company’s future. Running a business does come with risks, including those related to market and economic trends, finances and technology.
Detailed explanation-4: -Flexible working: business benefits The chance to have extended operating hours. Ability to attract a higher level of skills because the business is able to attract and retain a skilled and more diverse workforce. Also, recruitment costs are reduced. More job satisfaction and better staff morale.