Got Homework?
Connect with other students for help. It's a free community.
Here's the question you clicked on:
 0 viewing

This Question is Closed

countonme123 Group TitleBest ResponseYou've already chosen the best response.6
not me...
 2 years ago

tictac4456 Group TitleBest ResponseYou've already chosen the best response.0
can u help me @californiagirl423
 2 years ago

tictac4456 Group TitleBest ResponseYou've already chosen the best response.0
do u go to connexus
 2 years ago

tictac4456 Group TitleBest ResponseYou've already chosen the best response.0
can u plz help me with
 2 years ago

tictac4456 Group TitleBest ResponseYou've already chosen the best response.0
Lesson 5: Review and Quiz HS Introduction to Entrepreneurship I Unit 4: Economic Principles
 2 years ago

tictac4456 Group TitleBest ResponseYou've already chosen the best response.0
ill be the happiest person in the world lol
 2 years ago

tictac4456 Group TitleBest ResponseYou've already chosen the best response.0
ok thanks soooo much
 2 years ago

tictac4456 Group TitleBest ResponseYou've already chosen the best response.0
1. What is gross profit? (1 point) the money left over after the cost of making a product or providing a service the cost of labor to produce a product the difference between a product's price and the revenue of the company a negative net profit, in which company experiences a loss 2. If all other factors are equal, what will happen to the supply of a product if the price goes up? (1 point) The supply will increase. The supply will decrease. The demand will increase. The competition will decrease. 3. What is the best way to describe the relationship between two companies that offer basically the same product or service? (1 point) noncompetitors nonprice competitors direct competitors indirect competitors 4. As a factor of production, what is capital? (1 point) the entrepreneur who sees how to make something useful the tangible products made by labor the natural resources used to create a product an industrial good 5. The total amount customers pay a business for its products and services is called__________. (1 point) gross profit net profit revenue startup cost 6. Which of the following terms is also known as the bottom line? (1 point) loss revenue gross profit net profit 7. If a product becomes more easily available, what is likely to happen? (1 point) The product will get more competitors. The cost of making the product will increase. The product will become a consumer good. The price will go down. 8. A product is scarce when (1 point) the product is easy to produce. it gets new indirect competitors. supply is greater than demand. demand is greater than supply. 9. Every tangible product is made up of what? (1 point) wealth entrepreneurship labor land 10. What is an industrial good? (1 point) a scarce good with a high price a good that is marketed using price competition a good that is purchased by a business for producing other products a good that is purchased for personal use 11. A company claims that its products are better quality than other similar products. What type of competition is this? (1 point) price nonprice supply demand 12. What is value? (1 point) the revenue a company receives in one year the profit a company produces in one year the amount that a product or service is worth the scarcity of a product 13. The money left over after all of the business costs are subtracted is called the __________. (1 point) gross profit net profit revenue loss 14. The capitalist system in the United States assumes that businesses exist with which motive? (1 point) to help others to create a monopoly to reduce competition to make a profit 15. If all other factors are equal, what will happen to the demand if the price of a product goes down? (1 point) Demand will go up. Demand will go down. Demand will stay the same. Demand will match the supply.
 2 years ago

tictac4456 Group TitleBest ResponseYou've already chosen the best response.0
can u copy and paste ur answers plzzz
 2 years ago

tictac4456 Group TitleBest ResponseYou've already chosen the best response.0
preettyyy plzzz
 2 years ago

tictac4456 Group TitleBest ResponseYou've already chosen the best response.0
so is that a yes?
 2 years ago

tictac4456 Group TitleBest ResponseYou've already chosen the best response.0
cmon help me @californiagirl423
 2 years ago

tictac4456 Group TitleBest ResponseYou've already chosen the best response.0
hahaha im srry i thought u left me
 2 years ago

tictac4456 Group TitleBest ResponseYou've already chosen the best response.0
do u remember the others
 2 years ago

tictac4456 Group TitleBest ResponseYou've already chosen the best response.0
oh ok echh i read them again but still i couldnt figure the answers out
 2 years ago
See more questions >>>
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.