In an attempt to make profits, the ENTREPRENEUR performs: • Supply the necessary capital • Organize production by buying and combining inputs like materials and labor • Decide on the rate of output, in the light of his expectation about demand • To bear the risk inherent to the venture
In an attempt to make profits, the ENTREPRENEUR performs: • Supply the necessary capital • Organize production by buying and combining inputs like materials and labor • Decide on the rate of output, in the light of his expectation about demand • To bear the risk inherent to the venture
Chapter8: Strategic Analysis: Understanding A Firm’s Competitive Environment
Section8.3: A Firm's External Macro Environment: Pestel
Problem 3CTQ: Explain what favorable PESTEL factors support LEGOs efforts.
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Can I have an answer for this one, please?
![ENTREPRENEUR'S TASK
• Provide products and services for customers and producers
• Provide employment
• Provision of payment of taxes
• Provide for supplier's products and services
• Provide training facilities for future entrepreneurs
The Entrepreneurial Tasks
Land (Natural Resources).
Labor (Human Resources)
Capital (Financial Resources
Entrepreneur
Production Process
Financial Good and Services
Figure 1 Entrepreneurial Tasks
In an attempt to make profits, the ENTREPRENEUR performs:
• Supply the necessary capital
• Organize production by buying and combining inputs like materials and labor
• Decide on the rate of output, in the light of his expectation about demand
• To bear the risk inherent to the venture](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F36e498b3-f759-498e-aac9-90733fcf1e0e%2F31796cf6-6e62-4631-b041-a2dafdc21404%2Frgdyx0e_processed.png&w=3840&q=75)
Transcribed Image Text:ENTREPRENEUR'S TASK
• Provide products and services for customers and producers
• Provide employment
• Provision of payment of taxes
• Provide for supplier's products and services
• Provide training facilities for future entrepreneurs
The Entrepreneurial Tasks
Land (Natural Resources).
Labor (Human Resources)
Capital (Financial Resources
Entrepreneur
Production Process
Financial Good and Services
Figure 1 Entrepreneurial Tasks
In an attempt to make profits, the ENTREPRENEUR performs:
• Supply the necessary capital
• Organize production by buying and combining inputs like materials and labor
• Decide on the rate of output, in the light of his expectation about demand
• To bear the risk inherent to the venture
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