The most appropriate answer is:
C) It inspires them to create new and innovative products to attract customers.
Profit motivation drives entrepreneurs to innovate and differentiate their offerings to gain a competitive edge in the market.
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How does the possibility of earning a profit motivate an entrepreneur?
Question 2 options:
A)
It causes them to lower their prices below the cost of production.
B)
It encourages them to avoid taking risks in their business ventures.
C)
It inspires them to create new and innovative products to attract customers.
D)
It leads them to focus on making products that are already available in stores.
1 answer