Using His Own Money and Resources, Shawnee-Who Had Recently Been

question 4

Multiple Choice

Using his own money and resources, Shawnee-who had recently been laid off from his job-started a new business based on the innovative ideas that he himself had generated. This is an example of a(n)

• A)entrepreneurship.
• B)joint venture.
• C)business incubation.
• D)diversification strategy.
• E)bootlegging venture.

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Definitions:

Contribution Margin

The difference between sales revenue and variable costs, indicating how much contributes towards covering fixed costs and generating profit.

Income from Operations

The earnings generated from a company's core business operations before subtracting interest and taxes.

Profit-Volume Chart

A graphical representation that shows the relationship between a company's profits and its level of output or sales volume.

Total Sales

The sum of all revenues earned from selling goods or services within a specific period.