Social studies 7

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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?

Self correction

Patience

Innovation •••

Endurance


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

  • Social studies 7 -

    I agree with 1 and 2, but not 3.

  • Social studies 7 -

    1C
    2D
    3C

    How about this answers check number 3

  • Social studies 7 -

    Yes, 3. c.

  • Social studies 7 -

    1. A
    2. D
    3. C

    100% right

  • Social studies 7 -

    Number 1 is A

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