1.2.2 Entrepreneurial Motives Flashcards
1
Q
What can entrepreneurs do to gain profit
A
Reduce their production costs and improve the quality of their products
2
Q
What is the factors of production
A
Land, labour, capital & enterprise
3
Q
An example of social entrepreneurship
A
Leaving a personal legacy
4
Q
An example of ethical stance
A
Developing a product which increases the standard of living for people
5
Q
The independence/ working from home
A
Provides a lot of flexibility
