Low-Tech Businesses, Such as Convenience Stores, Are Not Typically Considered

question 56

True/False

Low-tech businesses, such as convenience stores, are not typically considered part of entrepreneurship because of their lack of innovation and intellectual property.

---

Definitions:

Full Capacity

The maximum level of output that a company can sustain over a period of time using its resources efficiently.

Net Working Capital

The difference between a company’s current assets and current liabilities, indicating short-term financial health and operational efficiency.

Capital Intensity Ratio

A measure of how much capital is used in comparison to labor in the production process of a company.

Operating Capacity

The maximum output a company can produce using its current resources and assets under normal working conditions.