The Savvy Entrepreneurial Firm Feature in Chapter 2 Features Three

question 3

Multiple Choice

The Savvy Entrepreneurial Firm feature in Chapter 2 features three firms: Swipe Out Hunger, Soko, and Drive for Change. All three are examples of ________.

• A) corporate ventures
• B) non-altruistic ventures
• C) targeted ventures
• D) social ventures
• E) for-profit ventures

---

Definitions:

Net Income

A company's overall profit after subtracting expenses and taxes from its revenue.

Manufacturing Margin

The difference between the sales revenue generated from manufactured goods and the cost of goods sold, reflecting the profitability of the manufacturing operations.

Variable Costing

A costing method that includes only variable manufacturing costs - direct materials, direct labor, and variable manufacturing overhead - in product costs.

Variable Cost

Variable costs are expenses that vary directly with the level of production or sales volume.