Examlex
In a short essay, define 'entrepreneurship' and discuss the three important themes that are prominent in this definition of entrepreneurship.
Selling
The process of promoting and transferring goods or services to the customer in exchange for payment.
Administrative Expenses
Costs related to the general management and administration of a business, such as office salaries and utilities.
Food and Supplies
Items necessary for operating a service such as a restaurant, including both consumable goods (food) and non-consumable items (supplies).
Flexible Budget
An adjustable budget that changes in response to variations in actual revenue or production levels, allowing for a more accurate comparison of expected and actual expenses.
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