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An important consideration that entrepreneurs face in their decision making is their willingness to incur _____ to achieve _____.
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- why Technical Writing is synonymous with effective communicationOneLogin x B Achieve Assignments - ECO2023 X Assessment - Microeconomics 68 X rning.com/courses/b390dd47-7af5-4231-b050-94a970e501f8/4/dc7abv/tools/assessment/items/247874a5-e17c-49e. Completed 14 out of 20 Question 4 of 20 Entrepreneurs deserve the profits they earn because they O have college degrees. O bear the risks of failure and bankruptcy. extract rent from fixed inputs. are visionaries. LAPTOP LOGIN USERNAME: student PASSWORD: BrowardT or F Employing economic cost/profit instead of accounting cost/profit when making business decisions tends to generate more efficient or superior economic results. Why?
- What are user-led innovation and lead user methods? How do these two approaches impact the innovation process inside organizations? Provide examples to explain the concepts.Differentiate amongst total product, average product and marginal product. Motivate your answer with the aid of examples.Employing economic cost/profit instead of accounting cost/profit when making business decisions tends to generate more efficient or superior economic results. Why?