Entrepreneur
Write a 2 page paper. Pretend you are an entrepreneur selling a good or a service. Briefly describe your product and then, using your business as an example, explain the following:
Is your product a good or a service and what is the difference between the two?, How do businesses make money (use the R-E=P equation)?, What is the relationship between risk and reward and where do you stand?, What is the definition of stakeholder and name 3 stakeholders for your business, and what is the definition of outsourcing and would you outsource a portion of your business, why or why not?
R=Revenue E=Expenses P=Profit
