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Which of the Following Terms Refers to People Who Create

question 1

Multiple Choice

Which of the following terms refers to people who create businesses under risky conditions?

Definitions:

Industry Group

A classification involving businesses that operate in the same sector or industry and share similar product lines or services.

NAICS

The North American Industry Classification System, a standard used by federal statistical agencies for classifying business establishments for statistical analysis.

Derived Demand

Demand for a factor of production or intermediate good that occurs as a result of the demand for another good or service.

Wood Pallets

Wood pallets are flat transport structures made of wood that support goods in a stable fashion while being lifted by a forklift, pallet jack, front loader, or other jacking device.