An important consideration that entrepreneurs face in their decision making is their willingness to incur _____ to achieve _____.

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter10: Financing And Producing Goods
Section: Chapter Questions
Problem 4AA
icon
Related questions
Question

An important consideration that entrepreneurs face in their decision making is their willingness to incur _____ to achieve _____.

An important consideration that entrepreneurs face in their decision making is their willingness to incur_
costs; resources
risk; profit
revenues; profit
equity; efficiency
to achieve
Transcribed Image Text:An important consideration that entrepreneurs face in their decision making is their willingness to incur_ costs; resources risk; profit revenues; profit equity; efficiency to achieve
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Cash Flow
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
Economics
ISBN:
9780078747663
Author:
McGraw-Hill
Publisher:
Glencoe/McGraw-Hill School Pub Co