The Fastest Growing Segment of Business Startups Are

question 71

Multiple Choice

The fastest growing segment of business startups are

• A) Home-based businesses
• B) Capital-intensive businesses
• C) Service-intensive businesses
• D) Manufacturing businesses

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Definitions:

Maximizing Utility

The economic principle wherein individuals or firms seek to get the greatest satisfaction or return from their resources and choices, under the constraints they face.

Utility

A concept in economics that refers to the total satisfaction received from consuming a good or service.

X and Y

Often used in economic models to represent variables, products, or factors that can influence outcomes in analyses.

Consuming

The act of using up goods and services to satisfy wants or needs.