Match These Types of Examples with the Relevant Decisions

question 40

Multiple Choice

Match these types of examples with the relevant decisions.
-The founders of Eco-Dry secure financial resources from a number of sources, including their own family and friends. They also decide to recruit an experienced technology entrepreneur in order to increase their credibility with potential investors and business partners.

• A) Appropriating and accumulating value
• B) Identifying or creating new opportunities
• C) Mobilising and leveraging resources
• D) Redistributing and redirecting value

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Definitions:

Demand Schedule

A table that shows the quantity of a good or service that consumers are willing to buy at each price point.

Supply Schedule

A table that shows the relationship between the price of a good and the quantity of that good a supplier is willing to offer for sale at each price level.

Equilibrium Price

The market price at which the quantity of goods demanded equals the quantity supplied, bringing the market into balance.

Market

A system or place where buyers and sellers interact to trade goods, services, or assets.