Entrepreneurship is one among the different types of productive resources that can be applied to produce goods and services.
Enterprise is a human ability or an action of organizing the different types of productive resources to produce goods and services in the most profitable and productive way.
It is a set of skills that individuals may use or apply while trying to produce a good.
Keisha negotiating with her parents and friends to give them a share of profit if they rendered their goods and services and asking permission from her principal is an entrepreneurial tactic which she is using to make her cupcakes sale successful.
In the case where the maximum price that are controlled on the cellular telephones so there would be the surplus of cellular telephones as the maximum price are charged from the customers due to which the company is able to generate the high profit that results in the surplus of the cellular telephones and the same would be controlled
Flat rate plan. many mechanics, to level out customer expense, use a book to determine how much time a job should take. No matter how long the job actually takes, the customer is charged, and the mechanic awarded, the number of hours published in the rate book.