__________ Exist(s) When There Is a Need in the Market

question 101

Multiple Choice

__________ exist(s) when there is a need in the market that can be satisfied by new goods or services.

• A) Potentiality
• B) Market readiness
• C) Entrepreneurial opportunities
• D) Critical core competencies

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Definitions:

Sacrificed Output

The production or output that is given up as a consequence of choosing one option over another, often discussed in opportunity cost analysis.

Tax

A compulsory financial charge or other levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Net Value

Net value is the difference between the total assets and total liabilities of a company or individual, indicating the actual worth.

Excise Tax

A type of tax charged on goods and services produced within a country, often imposed on specific items like tobacco and alcohol.