______ is essential because it serves as a primary incentive for people to start companies, expand them, and provide consistently high-quality competitive goods and services.
A) Vision
B) Profit
C) Market research
D) Philanthropy

Question

Quizplus · Accepted Answer

Profit is a key factor that motivates entrepreneurs to invest time, money, and other resources in starting and growing their businesses. The potential for financial gain encourages innovation and risk-taking, which ultimately benefits consumers by providing them with better products and services at competitive prices. Without the prospect of earning a profit, many businesses would not exist or would lack the motivation to improve and expand. Therefore, profit is essential for driving economic growth and improving the overall standard of living.

______ Is Essential Because It Serves as a Primary Incentive