Understanding Business
Understanding Business
11th Edition
ISBN: 9780078023163
Author: William G Nickels, James McHugh, Susan McHugh
Publisher: McGraw-Hill Education
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Chapter 1, Problem 1VC
Summary Introduction

Case summary:

Writing scripts for the entertainment industry is a challenging work due to a lot of competition and low prices, the writer in the case started earlier in the life while studying and gathered following, after some years the writer got a TV show that helped in recognition of work, thereafter the writer independently launched various shows that failed until one show that became a huge hit, the writer thereafter closed a movie after two years of operation due to writer’s union strike, entrepreneurs have to deal with various issues, however dedication and entrepreneurial drive does bring success.

Characters in the case:

A world known writer that started off earlier in life and thereafter launched the self made TV shows and movies.

Adequate information:

Entrepreneurs is a person who takes risk and starts up the business for the purpose of making profits.

To determine: The risks and benefit of being an entrepreneur as opposed to being employed.

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