Entreprenure motives Flashcards
1
Q
What are four skills of a successful entrepreneur?
A
- communication
- team working
- organisation
-problem solving
2
Q
What is profit maximisation?
A
The desire to earn substantial rewards
3
Q
What is profit satisfacting?
A
A sufficient profit to enable a satisfactory standard of living
4
Q
What are some non-financial motives for starting up a business?
A
- independence
- flexibility
-personal challenge
