Lucas Is Directing His Business to Develop a New Product

question 11

Multiple Choice

Lucas is directing his business to develop a new product to bring to market after believing he has identified a market opportunity.Which of the following behaviors is likely to mark him as a new entrepreneur rather than an experienced one?

• A)applying for patents or copyrights on the new product
• B)focusing on the fact that his new product has never been seen before in any market
• C)being too cautious and staying in the planning phase too long before introducing his product to market
• D)focusing too much on the ability of his new product to generate money

---

Definitions:

Median Pay

Median pay refers to the middle value of wages in a range of pay rates, where half of the workers earn less and half earn more.

Aboriginals

Indigenous peoples native to a land or region, often used in reference to the original inhabitants of Australia.

UFE-Certified Accountants

Accountants who have successfully passed the Uniform Final Examination, a crucial requirement in the certification process for accountants in certain jurisdictions.

Labour Force

The total number of people available to work, including both the employed and those actively seeking employment.