According to the Process of Creative Destruction, at First the Entrepreneur

question 90

Multiple Choice

According to the process of creative destruction, at first the entrepreneur will be able to sell her product for

• A)a low price because it is not well known.
• B)a high price because there is no competition.
• C)a fair price because these are contestable markets.
• D)at a price of zero until the market is created.

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Definitions:

Fictive Kin

Close relations with people we consider “like family” but who are not related to us by blood or marriage.

Fictive Kin

Non-biological relationships that are recognized as functionally equivalent to family ties due to their emotional or social significance.

Nuclear Family

A family unit consisting of two parents and their children, considered the smallest, most basic social unit in many societies.

Types Of Ties

Various forms of connections or relationships between individuals or entities, such as social, familial, or professional links.