Benefit Of Expanding A Business Flashcards
1
Q
1
A
Expanding business most important role of entrepreneur
2
Q
2
A
Give example of how entrepreneurs set up business
3
Q
3
A
Entrepreneurship can increase capacity
4
Q
4
A
Increase output
5
Q
5
A
Achieve economies of scale (choose appropriately)
6
Q
6
A
Lower unit cost
7
Q
7
A
Reduce selling price or increase profit margins
