You Own and Operate a Small Pizza Shop That Has

question 2

Multiple Choice

You own and operate a small pizza shop that has been profitable but is in need of a renovation.After you begin the renovation you discover that a pizza chain has bought a vacant building two blocks away and plans to open a shop within 120 days.Undoubtedly,competition will intensify.You decide to accelerate the renovation work.What are you trying to do?

• A) avoid risk
• B) minimize risk
• C) escalate risk
• D) manage risk

---

Definitions:

Milton Friedman

An influential American economist known for his work in the fields of macroeconomics, microeconomics, and the study of consumption analysis and monetary history.

Social Entrepreneur

An individual who establishes an enterprise with the aim of solving social problems or effecting social change, using traditional entrepreneurial principles.

Economic

Pertaining to the production, distribution, and use of income, wealth, and commodities.

Primary Role

Refers to the main or most important function or responsibility that an individual, system, or entity has.