profit incentive, or profit motive. This desire motivates entrepreneurs to establish new businesses and produce new kinds of goods and services.
profit
When firms are making no or little profit, there is incentive to innovate/invest because they wish to increase profits in the future. When profit is already achieved, there is less incentive (disincentive) to do so.
a test question
A. Innovation B. Incentive C. Profit
profit incentive, or profit motive. This desire motivates entrepreneurs to establish new businesses and produce new kinds of goods and services.
profit motive
profit
When firms are making no or little profit, there is incentive to innovate/invest because they wish to increase profits in the future. When profit is already achieved, there is less incentive (disincentive) to do so.
Kim's desire to be rich was her motivation for studying in school.
To make a profit
a test question
Minimize costs and maximize revenues.
A. Innovation B. Incentive C. Profit
Minimize costs and maximize revenues.
Incentive Pay
Because they are like any other business you buy goods and services from. A profit motive gives them an incentive to compete on price, quality and innovation.