MGMT 1 Study Guide - Midterm Guide: Sole Proprietorship, Contract Manufacturer, Fiscal Policy
Document Summary
The only purpose of a business is to make money for entrepreneurs. Robin has started her own online consulting firm. While she recognizes the risks involved in operating a business, she is still willing to invest her time, effort, and money in hopes of earning a profit. Nicki has joined with several other investors to form a new company that sells foot-care products to consumers over the internet. Nicki has invested in a b2c e-commerce company. Well-known us companies are taking a wait-and- see approach toward addressing climate change. False, business don"t just make money for entrepreneurs. Businesses provide all of use with necessities such as food, clothing, housing, medical care, and transportation, as well as other goods and services that makes our lives easier and better. True, an entrepreneur is someone who risks time and money to start and manage a business. True, b2c companies specialize in selling goods to consumers over the internet.
