Which of the Following Is an Example of a Social

question 40

Multiple Choice

Which of the following is an example of a social entrepreneur?

• A) A start-up company that makes home composting products that are affordable and transportable.
• B) A bow-tie company that makes a niche product sold through major retailers like Macy's.
• C) A face cleanser that is marketed and distributed via social media.
• D) A sales organization that takes advantage of word-of-mouth marketing and personal distribution.

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Definitions:

Supply Curve

An illustrated depiction that maps out the connection between a product's price and the volume of the product that providers are ready to sell.

Supply

The total amount of a product or service that is available for consumers.

Demand

The quantity of a product or service that consumers are willing and able to buy at various prices during a certain period.

Competitive Market

A market structure characterized by a large number of buyers and sellers, homogeneous products, and ease of entry and exit, which leads to price tending towards marginal cost.