BA 206 Macroeconomics Class The Role of the Entrepreneur

Feb 3rd, 2012
Studypool Tutor
University of Phoenix
Course: Business and Management
Price: $10 USD

Tutor description

2-3 page paper using APA formatting discussing the following questions. (1) What must an entrepreneur do to earn a profit? (2) How do the actions of firms earning profits influence the value of resources? (3) What happens to the value of resources when losses are present? (4) If a firm making losses goes out of business, is this bad? Why or why not?

Word Count: 668
Showing Page: 1/3
Q:-What must an entrepreneur do to earn a profit? (2) How do the actions of firms earningprofits influence the value of resources? (3) What happens to the value of resources whenlosses are present? (4) If a firm making losses goes out of business, is this bad? Why or whynot?(1)Entrepreneurs are responsible for development of new products that can help anorganization to earn profits. New ideas related products posses significant risk offailures. Entrepreneurs take important decisions by figuring out which projects cangenerate profits Organizations invest their resources in new projects and products inhope of profits. The success of entrepreneur depends on customer`s acceptability ofnew product or idea (Gwartney D., Stroup L., Sobel S. & Macphresson A., 2011). In orderto earn profits entrepreneur should convert and rearrange available resources in waythat it increase their

Review from student

Studypool Student
" Outstanding Job!!!! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1819 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors