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Analyze Three Areas That Should Be Researched When Deciding Whether

question 44

Essay

Analyze three areas that should be researched when deciding whether or not to purchase an existing business.


Definitions:

Diminishing Marginal Utility

The decrease in satisfaction or usefulness as additional units of a product are consumed.

Staples

Basic or essential food items or goods that are widely used and regularly consumed by households.

Paper Clips

Tiny segments of twisted wire or plastic designed to keep pages of paper attached.

Marginal Utility

The additional satisfaction or utility a consumer receives from consuming one additional unit of a good or service.

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