Examlex
In every economic system, choices must be made because resources are ________ and our wants are ________.
Start-Up Process
The sequence of steps that an entrepreneur takes to establish a new business, including idea generation, market research, business model development, and securing funding.
Entrepreneurship
The process of identifying opportunities for which marketable needs exist and assuming the risk of creating an organization to satisfy them.
Customer Base
Refers to the group of customers who repeatedly purchase the goods or services of a business.
Environmental Forces
External factors that influence a business's operations and decision-making, including economic, political, regulatory, technological, and social factors.
Q69: Macroeconomics is concerned with<br>A) individual consumers.<br>B) government
Q74: The above table gives data on two
Q101: Firms organize production by using a mixture
Q135: A normal profit is<br>A) the revenue remaining
Q159: What are the four types of markets?
Q187: Macroeconomics differs from microeconomics in that:<br>A) macroeconomics
Q225: The "gifts of nature" are included as
Q254: In September 2008, Toyota Motor's share of
Q351: Studying the effects choices have on the
Q370: Economies of scale exist when the _