Entrepreneurs That Use Their Skills to Create a Profitable Business

question 49

Multiple Choice

Entrepreneurs that use their skills to create a profitable business that is designed to achieve social and environmental goals for the common good are known as:

• A) social entrepreneurs.
• B) not-for-profit entrepreneurs.
• C) copreneurs.
• D) serial entrepreneurs.

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Definitions:

Price Hike

An increase in the price of goods or services, often due to higher production costs or increased demand.

Traceable Fixed Expense

Fixed costs that can be directly linked to a specific business department or segment, aiding in performance evaluation.

Net Operating Income

The total profit of a company after operating expenses are subtracted, but before taxes and interest expenses are deducted.

Price Hike

An increase in the price of goods or services, often due to factors like inflation, demand, or rising costs.