ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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TRUE
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FALSE
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Either A or B
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None of the above
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Detailed explanation-1: -“Profit potential is the likely level of return or compensation to the entrepreneur for taking on the risk of developing an idea into an actual business venture.” Without profit potential, the efforts of entrepreneurs would remain only an abstract and a theoretical leisure activity.
Detailed explanation-2: -What is Profit Potential? Profit potential indicates the capacity for a company to make more money in future business and trading transactions. I like referring to it as the monetization of your total capacity to drive earnings.
Detailed explanation-3: -Yes. Business is an economic activity carried on by a few or more individuals to produce, buy, or sell goods and services that satisfy human needs and help in earning income.
Detailed explanation-4: -An entrepreneur can become a business consultant.