Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
Why do entrepreneurs start businesses?
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?
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?
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?
Why is efficient use of resources important for businesses?
Signup and view all the answers
What is the relationship between businesses and people?
What is the relationship between businesses and people?
Signup and view all the answers
