4 actions of an entrepreneur

Which action of an entrepreneur involves purchasing raw materials, stock, or equipment?

• Selling

• Profit

• Buying

• Making

A baker uses flour, sugar, and yeast to produce bread. Which action is this?

• Making

• Buying

• Profit

• Selling

Which action is about providing goods or services to customers in exchange for money?

• Profit

• Selling

• Buying

• Making

If it costs R8 to make a loaf of bread and the entrepreneur sells it for R12, what action is shown by the extra R4 earned?

• Selling

• Profit

• Buying

• Making

Which of the following best describes the correct order of the 4 actions of an entrepreneur?

• Making → Profit → Buying → Selling

• Selling → Buying → Profit → Making

• Buying → Making → Selling → Profit

• Profit → Buying → Selling → Making