An Advantage of Which of These Tactics Is That There

question 101

Multiple Choice

An advantage of which of these tactics is that there is a shorter start-up time and an existing track record?

• A) Participate in a business incubator
• B) Start a new business
• C) Buy a franchise
• D) Buy an existing business
• E) Debt financing

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Definitions:

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price over a specified period.

Quantity Supplied

The amount of a good or service that sellers are willing and able to sell at a particular price over a specified period.

Quota

An official constraint on trade that controls the volume or monetary amount of items permitted for export or import during a designated period.

Quantity Restriction

Limits on the amount of a particular good that can be produced, sold, or purchased.