QUESTION IMAGE
Question
- the ____ motive encourages entrepreneurs to start businesses, expand existing one, create new products or improve existing ones, and/or improve production processes to use resources efficiently.
profit
raw materials
price
none of the above
Brief Explanations
The described behaviors (starting/expanding businesses, innovating products/processes, efficient resource use) are driven by the incentive to earn financial gain, which is the profit motive. Raw materials are inputs, price is a market factor, not a motivating force here.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
A. profit