Entrepreneurs Willingly Put in Long Hours Making Their Business Dreams

question 78

Multiple Choice

Entrepreneurs willingly put in long hours making their business dreams come true. This relates to which of the following entrepreneurial characteristics?

• A) confidence
• B) energy
• C) external drive
• D) vision

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Definitions:

Minimum Price

The lowest price at which a product or service can be sold, often determined by covering at least the costs of production or market regulations.

Special Order

A one-time customer order typically at a reduced sale price, which does not disrupt regular production or sales activities.

Constrained Resource

A critical resource within a process or system that has a capacity limit potentially affecting overall performance or output.

Profitable Product

A product that generates more revenue than the costs involved in its production, marketing, and distribution.