5) One of the BEST measures of success for businesses and their entrepreneurs is.. A) loss. B) profit. C) marginal cash.

Question

5) One of the BEST measures of success for businesses and their entrepreneurs is..
A) loss.
B) profit.
C) marginal cash.
D) marginal revenue.
USA Test Prep for 4/23

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2022-04-29T07:48:32+00:00 2 Answers 0

Answers ( 2 )

  1. Mia
    0
    2022-04-29T07:49:34+00:00

    The correct answer is B; one of the best measures of success for businesses and their entrepreneurs is Profit. The primary reason why most entrepreneurs set up businesses is to make profit

    Profit is certainly one of the measures of success for businesses and their entrepreneurs because if entrepreneurs fail to make profit in their businesses, it will not survive. In other words, for any business to survive, then it must make profit.

    Further Explanation

    Profit can be defined as the return that entrepreneurs make in their business; it is the reward they get for taking a risk. Profit is a major form of finance for many businesses and it is a major motivating factor for entrepreneurs for them to remain in business.

    Profit is the money that entrepreneurs make from their businesses after accounting or subtracting all expenses.

    Profit is the reward that entrepreneurs want when they make an investment and take a risk.

    Profit helps to create positive cash flow in a business and it’s certainly a major factor that keeps businesses moving. If a business fails to make profit, such business will find it so hard to survive.

    Therefor, profit is one of the best measures of success for businesses and their entrepreneurs.

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    KEYWORDS:

    • measures
    • success
    • businesses
    • entrepreneurs
    • profit
  2. Serenity
    0
    2022-04-29T07:50:26+00:00

    The correct answer is B.

    Profit maximization is the main objective of a company, according to classic economic theory, because the greater its profits, the more sucessful the business is.

    Profits are calculated by substracting the total costs of production from the total income generated by the economic activity undertaken by the company, typically from the sale of the goods and services produced.

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