SOCIAL ENTREPRENEURSHIP
MEASURING SOCIAL IMPACT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To assure funders of profitability and sustainability, which aspect must an entrepreneur look into?
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profit margins and competition
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division of labor and economies of scale
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quality assurance, customer protection, environmental friendliness
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labor laws, minimum wage, and inflation
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Explanation:
Detailed explanation-1: -They make money by capitalizing on an innovative solution for a unique, large-scale need and if, possible, repeating the process by providing additional solutions for additional needs.
Detailed explanation-2: -Most entrepreneurs start businesses to solve problems, offer alternatives to consumers or satisfy needs that are not being met. They develop business plans around their ideas and then implement them. Profits serve as a barometer for how entrepreneurs market and promote their wares and services.
There is 1 question to complete.