When Bill Gates Developed MS- DOS and Founded Microsoft to Market

question 25

Multiple Choice

When Bill Gates developed MS- DOS and founded Microsoft to market this product,he was using a

• A)natural resource.
• B)human resource.
• C)entrepreneurial resource.
• D)capital resource.

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Definitions:

Same Market

Pertaining to the scenario where buyers and sellers engage in transactions involving the same goods or services within a specific area or sector.

Coke

A carbon-rich solid material derived from coal used primarily as a fuel in the smelting of iron ore.

Milk

A nutrient-rich liquid food produced by the mammary glands of mammals, commonly consumed by humans.

Perfectly Competitive

Refers to a market structure where many firms sell identical products, entry and exit are easy, and no single firm can influence the market price.