An Entrepreneur Starts a Business but He Doesn't Know Whether

question 32

Multiple Choice

An entrepreneur starts a business but he doesn't know whether other companies producing a similar product will capture the market to the extent that there is very little left for his business. This is known as

• A) technical uncertainty.
• B) competitive uncertainty.
• C) tacit knowledge.
• D) licensing uncertainty.
• E) franchising uncertainty.

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Definitions:

Multinucleate Cells

Cells that contain more than one nucleus, often found in fungi and certain muscle tissues.

Osteoblasts

Cells responsible for bone formation, secreting the matrix for bone and playing a key role in bone growth and healing.

UV Rays

Ultraviolet rays, a type of electromagnetic radiation emanating from the sun and artificial sources like tanning beds, with wavelengths shorter than visible light but longer than X-rays.

Melanin

A natural pigment found in most organisms, responsible for coloration in skin, hair, and eyes, and provides protection against UV radiation.