If an Entrepreneur Were Considering a New Business,which of the Following

question 84

Multiple Choice

If an entrepreneur were considering a new business,which of the following would be a DESIRABLE characteristic of the industry being considered?

• A) Several companies are engaged in highly competitive advertising,which indicates that the product is desirable.
• B) The new company will sell a newly patented invention that is not yet well known but is expected to dominate the market.
• C) Start-up costs are high,so only a few companies are in business.
• D) The new company will be able to sell only to selected buyers.
• E) Customers have substitute products from which to choose if the new company cannot produce the products as rapidly as needed.

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Definitions:

Holy Men

Individuals regarded as deeply spiritual or divinely inspired, often venerated within religious communities for their wisdom, miracles, or connection to the divine.

India

A country in South Asia, known for its diverse terrain – from Himalayan peaks to Indian Ocean coastline – and history reaching back 5 millennia.

Meditation

A practice where an individual uses a technique, such as mindfulness or focusing the mind on a particular object, thought, or activity, to train attention and awareness, and achieve a mentally clear and emotionally calm state.

Yoga

A physical, mental, and spiritual practice or discipline that originated in ancient India, aimed at achieving a state of perfect spiritual insight and tranquility.