A Person Who Creates Something New Within an Existing Large

question 31

Multiple Choice

A person who creates something new within an existing large firm or organization is which of the following?

• A)Internal innovator
• B)Micropreneur
• C)Entrepreneur
• D)Merchandiser
• E)Intrapreneur

---

Definitions:

Perfectly Competitive

A market structure characterized by many buyers and sellers, homogeneous products, and no barriers to entry or exit.

Price Setter

An entity, often a dominant firm or a monopoly, that has the ability to influence the market price of goods or services rather than being a price taker.

Price Taker

An individual or company that must accept prevailing prices in the market, having no influence over them.

Perfect Competition

A market structure characterized by a large number of small firms, a homogeneous product, and very easy entry and exit, leading to firms being price takers.