The Impact of Entrepreneurs on Business and the Economy

This Assignment Should be Written in APA Format: See link for guidance: &t=32s The Impact of Entrepreneurs on Business and the Economy Objective: In this assignment, you will analyze how entrepreneurs such as Sam Walton, Bill Gates, Jeff Bezos, and Sara Blakely have influenced business, employment, and the economy. You will also connect their impact to key business concepts from Chapters 1 and 2 of Understanding Business by Nickels, including profit, revenue, loss, stakeholders, supply and demand, and macroeconomics vs. microeconomics. Instructions: Prepare a 2-3 page Word document that addresses the following: 1. Entrepreneurial Success & Business Concepts Choose two of the entrepreneurs listed (Sam Walton, Bill Gates, Jeff Bezos, Sara Blakely). Describe their entrepreneurial journey and how they built their businesses. Explain how their success relates to key business concepts: Profit and Loss: How do their companies generate revenue and manage losses? Entrepreneurship: What risks did they take? How did they innovate? Stakeholders: Who benefits from their business (customers, employees, investors, suppliers, etc.)? 2. Macroeconomics vs. Microeconomics Explain how the entrepreneurs business impacts the macroeconomy (e.g., job creation, industry growth, GDP contribution). Discuss how the business influences microeconomics (e.g., pricing strategies, competition, consumer choices). 3. Supply and Demand Identify how supply and demand played a role in their business success. Provide an example of how changes in supply and demand affected their companys growth or challenges. Formatting Requirements: Submit as a Word document (.doc or .docx) Double-spaced, 12-point Times New Roman font Cite any sources in APA format Use real-world examples to support your points 2 Pages Submission Instructions: Submit your completed assignment via Blackboard or email by the due date. If submitting via email, use the subject line: “Entrepreneurship Assignment [Your Name]” Grading Criteria (100 points total): Explanation of business concepts (40 points) Analysis of macro and microeconomics (20 points) Discussion of supply and demand (20 points) Organization, clarity, and formatting (20 points)