COLUMN A
1. The process of converting an idea by organizing resources to start and grow a new business
2. The total amount of commodity that a producer wishes to sell.
3. Too little money spent in relation to other production factors.
4. Forces originating away from the farm which have an impact on farm management.
5. The proportion of observable traits between individuals due to genes.
COLUMN B
A. Supply
B. Internal Forces
C. External forces
D. Entrepreneurship
E. Retailer
F. Heritability
G. Fixed capital
H. Green marketing
Answer (1)
To answer the question, let's match the descriptions in Column A with the appropriate terms in Column B. Each description relates to concepts in business and economics.
1.2.1. The process of converting an idea by organizing resources to start and grow a new business - This is aptly defined as D Entrepreneurship . Entrepreneurship involves the act of creating a business or businesses while building and scaling it to generate a profit. The individual undertaking the task assumes much of the risk of the business but also stands to reap the rewards.
1.2.2. The total amount of a commodity that a producer wishes to sell - This matches with A Supply . In economics, supply refers to the amount of a product that is available to consumers. Producers are willing to sell different quantities of their goods at varying price points, constituting their supply.
Too little money spent in relation to other production factors - This leads us to G Fixed capital . Fixed capital includes long-term assets that help produce goods and services. Insufficient investment can affect the balance between factors needed for production.
Forces originating away from the farm which have an impact on farm management - This corresponds to C External forces . These are factors beyond the immediate control of a farm that can influence farm operations, such as market trends, climate changes, and governmental policies.
The proportion of observable traits between individuals due to genes - This is described as F Heritability . Heritability is a concept often used in the study of genetics to describe the proportion of observed variations in a particular trait, like height or color, that can be attributed to genetic variations among individuals.
Hence, the correct matching based on the descriptions provided is: 1.2.1 = D (Entrepreneurship) 1.2.2 = A (Supply) Too little money spent in relation to other production factors = G (Fixed capital) Forces originating away from the farm which have an impact on farm management = C (External forces) The proportion of observable traits between individuals due to genes = F (Heritability)
