Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Question
Chapter 1.3, Problem 1.3AQ
Summary Introduction
To determine: The effect of more freedom to create better business opportunities in the country.
Introduction:
Freedom refers to the right given to different individuals to access the type of work as per their preferences and the demand in the market.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
What is the difference between standard of living
and quality of life?
What is risk, and how is it related to profit?
What do the terms stakeholders, outsourcing, and
insourcing mean?
What are some of the advantages of working for
others?
What benefits do you lose by being an
entrepreneur, and what do you gain?
What are the five factors of production? Which
ones seem to be the most important for creating
wealth?
What are four ways the government can foster
entrepreneurship?
What is the difference between effectiveness,
efficiency, and productivity?
What is empowerment?
What are some of the major issues affecting the
economy today?
What major factor caused people to move from
farming to manufacturing and from manufacturing
to the service sector?
What does the future look like for tomorrow’s
college graduates?
What is the difference between macroeconomics
and microeconomics?
What is better for an economy than teaching a
man to fish?
What does Adam Smith’s term invisible hand
mean? How…
What is your understanding on the word entrepreneurship? How Entrepreneurs contribute in boosting the economy of a country?
Given that most entrepreneurial start-ups fail, why do entrepreneurs found so many new firms? Why are (most) governments interested in promoting more start-ups?
Chapter 1 Solutions
Understanding Business
Ch. 1.1 - In 1979, Geral Fauss took 5,000 oversized foam...Ch. 1.1 - Prob. 1.1BQCh. 1.1 - Prob. 1TPCh. 1.1 - Prob. 2TPCh. 1.1 - Prob. 3TPCh. 1.1 - Prob. 4TPCh. 1.2 - Prob. 1.2AQCh. 1.2 - Prob. 5TPCh. 1.2 - Prob. 6TPCh. 1.2 - Prob. 7TP
Ch. 1.3 - Prob. 1.3AQCh. 1.6 - Prob. 1.6AQCh. 1.7 - Prob. 1.7AQCh. 1.7 - Prob. 8TPCh. 1.7 - Prob. 9TPCh. 1.7 - Prob. 10TPCh. 1.7 - Prob. 11TPCh. 1.8 - Prob. 1.8AQCh. 1.8 - Prob. 12TPCh. 1.8 - Prob. 13TPCh. 1 - Prob. 1CECh. 1 - Prob. 2CECh. 1 - Prob. 3CECh. 1 - Prob. 4CECh. 1 - Prob. 1CTCh. 1 - Prob. 2CTCh. 1 - Prob. 3CTCh. 1 - Prob. 4CTCh. 1 - Prob. 5CTCh. 1 - Prob. 1DCSCh. 1 - Prob. 2DCSCh. 1 - Prob. 3DCSCh. 1 - Prob. 4DCSCh. 1 - Prob. 5DCSCh. 1 - Prob. 1PPTCh. 1 - Prob. 2PPTCh. 1 - Prob. 3PPTCh. 1 - Prob. 1VCCh. 1 - Prob. 2VCCh. 1 - Prob. 3VC
Knowledge Booster
Similar questions
- Why do you like to go to business? If you prefer employment, Why?arrow_forwardWhat is the relevance of entrepreneurship and entrepreneurs in economicdevelopment and society. Explain it in 400 words with the terms below. You may explain it by giving a scenario or an example. Improves the quality of life Brings social benefits to the people this is not a writing assignmentarrow_forwardWhy entrepreneurship is important (in your own perspective)? What is the impact of engaging in entrepreneurship on the national economy? Give cases or examples to support your views. Please don't give shorter answers, thank you! PLEASE ANSWER WITHIN 2-3 HOURS.arrow_forward
- How can joining a trade fair help my Start-up business in boosting sales?arrow_forwardEntrepreneurship is key to creation of wealth in any economy. Highlight ten areas that entrepreneurship is contributing towards our natural development. Discuss the main problems that small scale business have been facing in Kenya and suggest possible ways of solving these problemsarrow_forwardWhy should business do something for society?arrow_forward
- How do you describe the business world where we live in now ?arrow_forwardHow can you adapt to a precarious economy, overcome the challenges of living in a precarious economy, and prepare yourself for a precarious economy?arrow_forwardTwo important roles of entrepreneurs in your country.arrow_forward
- Discuss the importance of understanding the political and legal situations in understanding business environment. What are the issues that are included in the political and legal situations that are useful in understanding the business environment. Having discussed these two issues, describe the economical and legal situations that can be useful in understanding the business environment of the country you come from.arrow_forwardCan you explain and give examples of the words " Entrepreneur, Corporate Entrepreneur, and Social Entrepreneur." How does entrepreneurship contribute to social and economic development? Please help I will immediately give you a thumb up. Thank you so mucharrow_forwardIdentifying new sources of energy has been an important business opportunity for quite some time. Your firm is interested in acquiring geothermal and solar energy firms around the world that can offer the best growth potential. What are the top three countries with strong firms in the geothermal and solar energy industry that you would recommend your firm to look into?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Foundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...MarketingISBN:9781285193946Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning