19 download_doc-8.php

19 download_doc-8.php - G202(2/11/2009)...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
G202 (2/11/2009) Profit and Entrepreneurs Profit motives give owners incentive to Produce in accordance with consumers  Improve cost structures and efficiency  There is uncertainty about which projects will create economic profits. Entrepreneurs must discover which projects will be profitable. Entrepreneurs bare significant risk. Role of Entrepreneurs Entrepreneur:      someone who tries to exploit opportunities that exist within  markets. Offer New Products or Open New markets. Create a Lower Cost Technology. Find new resources. Intrepreneur:      an entrepreneurial individual that is employed by a firm. Needed to keep ahead of rival firms. Needed to improve overall efficiency. An effort to keep the brightest minds within the corporation. Incentive to incorporate more profitable projects. 
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/18/2011 for the course BUS 202 taught by Professor Kreft during the Winter '09 term at Indiana.

Page1 / 2

19 download_doc-8.php - G202(2/11/2009)...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online