What Type of Idea Accounts for the Largest Number of Startups

question 34

Multiple Choice

What type of idea accounts for the largest number of startups?

• A) A technically new process
• B) Performing an old function in a new and improved way
• C) Using prior work experience as a basis for starting a new business
• D) Providing customers with a product or service absent in their market but available elsewhere

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Definitions:

Income

The financial gain or revenue received by an individual or entity, typically through wages, investments, or business operations.

Prices

The amount of money expected, required, or given in exchange for goods or services.

Marginal Rate

The rate of change in cost or benefit resulting from a particular increase in volume or activity.

Consumption

The use of goods and services by households, which is a primary component in calculating a country's gross domestic product (GDP).