Match the Term with Its Definition

question 18

Multiple Choice

Match the term with its definition.
-A small firm that provides minimal profits to its owner

• A)attractive small firm
• B)corporate refugee
• C)entrepreneur personality
• D)high-potential venture (gazelle)
• E)manager personality
• F)microbusiness
• G)niche market
• H)reluctant entrepreneur
• I)social entrepreneurship
• J)technician personality

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Definitions:

Wheat Market

A sector of the commodities market that deals with the trading of wheat products and its derivatives.

Price Paid

The sum of currency traded in return for a product or service.

Binding Price Floor

A government-imposed minimum price set above the equilibrium price, leading to a surplus of the product in the market.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level.