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a. Edison is opening a clothing shop in the Old Town Boutique District in Alexandria, Virginia, near several other small fashion stores; this is an example of_____________.
b. The television program, Flip or Flop, features Tarek and Christina El Moussa, a couple who started their own business buying dilapidated houses, repairing them, and then selling them for a profit. This process is known as ___________ flipping.
c. The El Moussas are_____________because they were actively involved in developing the new business.

Sagot :

Answer: a. Entrepreneurship

b. House flipping

c. Entrepreneurs

Explanation:

a. Entrepreneurship

The scenario involved is an example of entrepreneurship. This is when a business is set up with the owner taking financial risks so as to meet the needs of the people and make profit as well.

b. House flipping

House flipping involves purchasing buying dilapidated houses, or old buildings , renovating and repairing them, and then sell them for a profit. This is what Tarek and Christina El Moussa does.

c. Entrepreneurs

The El Moussas are regarded as entrepreneurs because they were actively involved in developing the new business. They're the owners and control every other resources, take risks and make decisions.

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