The difference between an inventor and an entrepreneur is that, an inventor develops new services and goods but he does not have them to the market. An entrepreneur risks resources may it be human, capital or natural in order to bring to the market improved and new products.
The risk which is incurred between entrepreneur and inventor is that, entrepreneur undergoes huge financial risks because a lot of money is being invested while inventor has low financial risk since there is no big investment which is being required.
Final answer:
Entrepreneurs take calculated risks to invest resources in marketable ventures seeking monetary success, whereas inventors focus on creation, often struggling to profit from their inventions despite their potential market impact.
Explanation:
Both entrepreneurs and inventors play significant roles in market innovation, yet their risks and goals often differ. Entrepreneurs are known as the risk takers who are willing to invest and organize resources to bring a new or improved product or service to the market. They are typically focused on the marketability and profitability of their venture. Successful entrepreneurs weigh the potential benefits against risks meticulously before committing their resources. Their goals are often to establish a strong position in the marketplace and achieve monetary success.
In contrast, inventors are often driven by the desire to create something new or improve existing technologies, which may lead to significant discoveries or scientific breakthroughs. However, as history shows, this does not always translate to financial gain. Inventors may struggle to profit from their creations, as their primary focus is on the invention itself rather than the business aspects such as market demand, distribution channels, or customer acquisition.
These contrasts highlight that an entrepreneur's risk lies primarily in the potential failure of the business, while an inventor's risk is centered around the possibility that their invention may not be viable in the marketplace or might not be profitable even if it meets a market need. Both roles are necessary for modern industrial production, with entrepreneurs often capitalizing on inventors' creativity by successfully bringing innovations to a receptive market.
The blooms of anthurium flowers tend to look like
Osha knowledge assessment answers keys to preventing a fall from a ladder include choosing the right ladder for the job and tying the top and bottom of the ladder to fixed points. what else can you do to keep safe when using a ladder
To stay safe using a ladder, ensure stability, maintain three points of contact, avoid overreaching, inspect for damages, wear appropriate footwear, and avoid working in adverse weather conditions.
Explanation:When using a ladder, there are several other measures you can take to stay safe:
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what happens when a bond becomes due?
A.)You pay it back to the issuer, plus interest
B.)The issuer will pay you back, minus interest.
C.)The issuer will pay you back, plus interest.
D.)You pay it back to the issuer, minus interest.
I believe the answer is: C.The issuer will pay you back, plus interest.
The due time of the bond and the interest rate would be mentioned by the issuer before you make the purchase of the bond. The interest that the issuer give back is a form of profit that given because you are willing to take risk to put your money as investment.
When prioritizing goals, how should you order them?
by cost
in alphabetical order
by how long they take to achieve in order of importance
The answer is: in order of importance
when prioritizing goals, the first thing in your list should be fulfilling your basic needs. (all the things related to food/nutrition, water, shelter, and clothing).
After that, you need to prioritize the things that help sustaining your income (such as working equipment, bank charges, investment expenses, etc). After all of them are fulfilled, then you can start to take care of your tertiary needs (entertainment, luxuries, recreation, etc)
There are several methods to maximizing the marketing value of e-mails. using e-mail campaigns that can be carried out quickly, or offering time-sensitive information is an opportunity to ________.
cindy's creations is a small producer of decorative napkins, placemats, and other tableware. although all of the products are produced domestically, cindy's creations sells worldwide through its website. this is an example of ________.
In general, in order for a price increase to cause an increase in total revenue, demand must be
Final answer:
A price increase will raise total revenue when demand is inelastic, as a higher price results in a proportionally smaller decrease in quantity sold. If demand is unitary elastic, changes in price will not affect total revenue. For elastic demand, a price increase could decrease total revenue.
Explanation:
In general, for a price increase to cause an increase in total revenue, the demand for the product must be inelastic. This means that the percentage increase in price results in a smaller percentage decrease in the quantity sold, thereby raising total revenue. If the demand is elastic, a price increase would result in a larger percentage decrease in quantity, which could lower total revenue.
Applying this concept, if a band considers raising ticket prices, it should do so only if the demand for its tickets is inelastic at the original quantity level. If demand is unitary elastic, the band should understand that a moderate percentage change in price will lead to an equivalent percentage change in quantity sold, making revenue remain constant. Therefore, no price change would be necessary if the goal is to maintain total revenue.
Why is it not possible to state the absolute location of a river?
Stating the absolute location of a river is difficult because a river is not a fixed point but a flowing body that extends over a large area, with varying coordinates. Instead, we often refer to a river's relative location, which describes its location in relation to other places.
The absolute location of a place is its exact position on Earth, commonly given in terms of latitude and longitude. However, stating the absolute location of a river can be difficult because a river is not a fixed point; it's a flowing body of water that extends over a large area.
Rivers have a source, a mouth, and a course in between, all of which could have different coordinates. Therefore, we can't definitively pinpoint a single absolute location for the entirety of a river.
Instead, we typically refer to the general location of a river within the context of its surrounding geography. We might describe its location in relation to cities, states, countries, or other geographical features.
This refers to the concept of relative location, which describes a place's location in relation to other places.
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He project you are managing has a wbs. a new team member asks you the purpose of the wbs. what is the primary purpose?
How might the invention of a new, powerful fuel source for cars and trucks affect the country`s production possibilities frontier? How might the new fuel affect GDP?
Answer:
Explanation:
less opportunity to buy inexpensive land
less opportunity for people to start new lives
no more opportunity for the nation to expand
fewer wilderness areas
Which job title would be given to someone responsible for supervising production in a manufacturing setting?
Joey has worked in a bicycle factory for several months. the assembly process requires multiple tasks, and over the months joe’s supervisor has assigned him to several different jobs throughout the production line. his most recent assignment is applying the custom paint and adding the decals. adding the decals requires perfection, and joe does it quickly and always performs the task well, so his supervisor will keep him in this position. this is an example of
Final answer:
Joey's expertise in applying custom paint and decals with perfection and speed at the bicycle factory exemplifies job specialization, resulting in higher efficiency and quality in production.
Explanation:
Joey's recent assignment at the bicycle factory, where he applies custom paint and decals with perfection and speed, is an example of job specialization. The concept of job specialization is a staple in the modern industrial production system, wherein workers become exceptionally skilled at a specific task. As they focus on one aspect of production, they often have the ability to produce faster and with higher quality. Specialized workers, just like Joey, can improve the efficiency of a production line significantly, which is why his supervisor chooses to keep him in that position.
By repeating the same task, Joey has likely developed a proficiency that allows him not only to apply the paint and decals flawlessly and but also to do so with impressive speed. The efficiency gained from specialization is also reflected in the history of industrialization, with examples such as the moving assembly line where each worker performs a specific operation. This increased efficiency leads to standardized production but can often result in lower individual wages since the skills become more focused and less varied.
Roselawn company reported net sales of $90,000 and net income of $18,000 for the year ended december 31, 2015. the company reported net sales of $100,000 and net income of $20,000 for the year ended december 31, 2016. total assets amounted to $200,000 at december 31, 2015 and $246,000 at december 31, 2016. the company's profit margin for the year ended december 31, 2016 (rounded to the nearest decimal point) is:
The profit margin for the year ended December 31, 2016, is 20%.
To calculate the profit margin for the year ended December 31, 2016, we divide the net income by the net sales and multiply by 100 to express it as a percentage. The formula is as under:
Profit Margin = (Net Income / Net Sales) × 100
Given:
Net Sales for 2016 = $100,000
Net Income for 2016 = $20,000
Profit Margin = (20,000 / 100,000) × 100
Profit Margin = 0.2 × 100
Profit Margin = 20%
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Hundred thousand million billion trillion quadrillion then what
What happens in the market with an upward sloping supply curve when there is a shift in the demand curve due to an external shock?
What does screen time refer to? A. The amount of time children spend with electronics B. An activity for teaching time-telling C. The intervention used for autism D. The use of screening instruments
An ______ is a physical location where economic activity takes place such as farms, offices, and factories.
A)occupation
B)establishment
C)industry
D)enterprise
An B) establishment is a physical location where economic activity occurs, including farms, offices, and factories.
An establishment is a physical location where economic activity takes place such as farms, offices, and factories. This definition is essential for understanding economic geography, specifically in relation to different types of economic activities including substance and commercial agriculture, manufacturing, and service industries. Knowing what an establishment is helps to identify factors affecting the location of such economic activities.
There are various factors that affect where these establishments are situated, such as availability of resources, transportation networks, labor force, and market accessibility. For instance, a farm (agricultural establishment) needs fertile land and adequate water supply, while a factory (manufacturing establishment) might be located near raw material sources or important distribution channels. B)establishment.
age, personality, buying style, and job position are __________ factors that can influence the business buying decision process.
The answer is
"Individual".
Each of these mentioned factors with few variations will
influence the business buying decision process. One or more changes in these
might lead to a different result. These factors can also operate in different
ways varying from person to another person.
If the interest rate on a savings account is 0.018%, approximately how much money do you need to keep in this account for 1 year to earn enough interest to cover a single $9.99 Below-Minimum-Balance Fee?
A. $55,555
B. $55
C. $555
D. $5,555
A service that is rarely provided, unusual, variable, or new may require this type of report to assist in the determination of the medical appropriateness of a service and indicates the nature, extent, need, time, effort, and equipment necessary.
The north american free trade agreement continues to spark debate today, particularly concerning?
The North American free trade agreement continues to spark debate today because of their concerns with the agreements and alliances of three countries namely United States, Mexico and Canada. There have been agreements and beliefs in which had cause concerns and had cause a continuous debate within the three countries.
The _____ requires you to maintain financial responsibility for your actions when you drive.
The answer is "The Texas Safety
Responsibility Act".
According to the Texas Motor Vehicle Safety Responsibility Act anyone who
is driving a motor vehicle cannot operate the vehicle unless for that vehicle
the financial responsibility is established and it is considered illegal in the
state to drive without being financially responsible.
In order for your colleagues to act immediately on your business message, the message needs to be
Nami is very good at research is skilled at developing instructional materials and knows about libraries and information
A)Teaching and training
B) professional support services
C)administration
D)educational services
The answer is: B) professional support services
Skills in developing instructional materials and research make you a very valuable assets in providing data that needed by the people on the field (the front liners).
The duty of professional support services is to collect relevant data from company operations, processing that data, and provide instructions or advice for the front liners on how to use that data to their advantage.
Answer:
The answer is: B) professional support services
Explanation:
I got it right
Robert uses fedex in a scheme to defraud standard sales company by obtaining merchandise to which he is not entitled. found guilty of mail fraud, robert can be punished by
Robert’s fraud will cost him to be punished of imprisonment that will last for thirty years if proven guilty in which it has found out that he was and he will be fined up to one million because of the damages and charges that he committed.
You auscultate the abdomen of a five year old gelding. what are you evaluating
Fundamentally, all data is represented as a(n) ______ and is either a zero or a one.
Fundamentally, all data is represented as a bit and is either a zero or a one and all knowledge derived from data is called information. It is also through the Information Systems (IS) that hardware, software, data, procedures, and people are assembled to produce information.
Is it bad to pick up chicks in a dungeon?
Answer:
yeah, bell does it
Explanation:
Thirty five percent of all ceo's are eventually fired because of their inability to:
The managers who appear at the base of the management pyramid are a. line managers. b. middle managers. c. supervisors. d. executives.