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 service users of value for money, 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: -Adaptability, persistence and hard work, these are the keys to success in small business, but they are three important attributes no matter what your endeavor.
Detailed explanation-2: -There are four main customer needs that an entrepreneur or small business must consider. These are price, quality, choice and convenience.
There is 1 question to complete.