Business Operations and Stakeholders
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Questions and Answers

Why do entrepreneurs start businesses?

  • To reduce employment opportunities
  • To focus solely on generating profit
  • To satisfy a need in the market (correct)
  • To create competition for other businesses

    • What do businesses depend on for their operations?

  • Consumer demand only
  • Raw materials, machinery, and land (correct)
  • Government grants
  • Investments from foreign countries

    • What do businesses produce?

  • Products and services (correct)
  • Neither products nor services
  • Only services
  • Only products

    • Why is efficient use of resources important for businesses?

    <p>To minimize waste and optimize output</p> Signup and view all the answers

    What is the relationship between businesses and people?

    <p>Businesses and people are interdependent</p> Signup and view all the answers

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