Marina Is Developing a New Software Company

question 70

Multiple Choice

Marina is developing a new software company. She locates her business in an industrial park that offers low rent and shared support staff to start up companies. This is an example of a

• A)skunkworks.
• B)spin-off.
• C)franchise.
• D)bootlegging operation.
• E)business incubator.

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Definitions:

Information Asymmetry

A situation where one party in a transaction has more or better information than the other, often leading to an imbalance in power or unfair advantage.

Market Characteristics

Features that define and distinguish a specific market, including aspects such as size, competition, buyer behavior, and product differentiation.

Borda Count

A voting system used to rank candidates in which voters order their preferences, and candidates receive points based on their positions in these rankings.

Pairwise Voting

A voting system where candidates are compared to each other in pairs, with the winner being the one who wins the most one-on-one comparisons.