Social studies 7
posted by Kayla brunnet
Marcus invented a new bicycle helmet light that increases safety without being too heavy. He tried selling it spring festivals but it was not getting much interest. The next month he decided t focus only on selling at gatherings of bike enthusiasts and a booth at the sporting goods store on Saturdays. He found his profit double almost immediately.
1. Which characteristic of entrepreneurs is Marcus demonstrating?
2. in which situation does an entrepreneur earn profits?
Matching income to losses
Experiencing more losses than income
Taking a loan to cover losses
Having greater income than costs•••
3. What is one non-monetary positive incentive for becoming an entrepreneur?
Working long hours
Earning a profit •••
being your own boss
organizing productive resources