It Is Typically Easier for New Businesses to Change Their

question 84

Multiple Choice

It is typically easier for new businesses to change their business model because new businesses ______.

• A)have the capital to fund such changes
• B)have not yet formulated a business plan
• C)have no competitors
• D)tend to be smaller and more agile

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Definitions:

Economic Status

The position of an individual, household, or group within the economic hierarchy, often assessed by income, wealth, and access to resources and opportunities.

Multilateral Transfer

The transfer of resources (financial, goods, services) between multiple countries or parties without direct reciprocation.

Developing Country

A nation with a lower level of industrialization, a lower standard of living, and a lower Human Development Index (HDI) compared to developed countries.

World Bank

An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.