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Ashish Is Always Coming Up with New Ideas and Seeking

question 66

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Ashish is always coming up with new ideas and seeking funding to explore them. He sees opportunities in the marketplace and wants to be the first person to come up with new products and services that customers want. Ashish, a person who is apt to take initiative and persevere to influence the environment, has a(n) ________ personality.


Definitions:

Profit Maximizing

The process or strategy by which a firm adjusts its production to achieve the highest possible profit.

Price Elasticity

An assessment of the degree to which the demand for a commodity adjusts when its price changes.

Output Level

The quantity of goods or services produced by a firm or economy over a certain period.

Marginal Revenue

The additional revenue a firm receives from selling one more unit of a product or service.

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