A Business Venture Can Result in the Following Outcomes (With

question 81

Multiple Choice

A business venture can result in the following outcomes (with their corresponding chance of
Occurring in parentheses) : Highly Successful (10%) , Successful (25%) , Break Even (25%) ,
Disappointing (20%) , and Highly Disappointing (?) .If these are the only outcomes possible for
The business venture, what is the chance that the business venture will be considered Highly
Disappointing?

• A) 10%
• B) 15%
• C) 20%
• D) 25%

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Definitions:

Tariffs

Taxes imposed on imported goods and services, used to restrict trade, as they increase the price of imported goods and services, making them more expensive to consumers.

Foreign Competition

Foreign competition involves businesses based in one country competing against products or services offered by companies based in other countries.

Supply Chains

Networks of individuals, organizations, resources, activities, and technology involved in the production and delivery of a product or service from supplier to consumer.

Culture

The set of values, guiding beliefs, understandings, and ways of doing things shared by members of a society; exists on two levels.