Given the revenues and expenses table for a business, what was the businesss profit or loss?Week ..... Revenues ..... Expenses1 ..... $3000 ..... $25002 ..... $3500 ..... $30003 ..... $3000 ..... $40004 ..... $2500 ..... $3000

DEFINITION OF ENTREPRENEURSHIP

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Given the revenues and expenses table for a business, what was the business’s profit or loss?Week ____ Revenues ____ Expenses1 ____ $3000 ____ $25002 ____ $3500 ____ $30003 ____ $3000 ____ $40004 ____ $2500 ____ $3000

A	$500 Profit
B	$1000 Profit
C	$500 Loss
D	$1000 Loss

Explanation:

Detailed explanation-1: -Expenses are the costs a business incurs from its core operations, while revenue is the money it earns from selling products and services before paying expenses. Once you pay expenses, you get net income or profit, which equals the total revenues minus the total expenses from a given accounting period.

Detailed explanation-2: -Some examples of a businessman are the founders of saree shops, furniture shops, grocery stores, garment shops, etc.

Detailed explanation-3: -While entrepreneurs can begin their work at any age, some people may choose to pursue entrepreneurship when they’re younger. Learning more about young entrepreneurs and how to become one can help you develop the skills to create a successful career path.

Detailed explanation-4: -small business. scalable startups. large company or intrapreneurship. social entrepreneurship. 07-Apr-2022

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INTRODUCTION TO ENTREPRENEURSHIP

DEFINITION OF ENTREPRENEURSHIP