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CHAPTER 1.docx - CHAPTER 1 Taking Risks and Making Profits...

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CHAPTER 1Taking Risks and Making Profits within the Dynamic BusinessEnvironmentLearning Objective 1Describe the relationship between profit and risk, and show how businessesand nonprofit organizations can raise the standard of living for all.Learning Objective 2Compare and contrast being an entrepreneur and working for others.Learning Objective 3Analyze the effects of the economic environment and taxes on businesses.Learning Objective 4Describe the effects of technology on businesses.Learning Objective 5Demonstrate how businesses can meet and beat competition.What is the difference betweenrevenueandprofit?
What is the difference betweenstandard of livingandquality of life?

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Term
Summer
Professor
Professor k

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