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Milk can be used to produce cheese or butter.If the price of a kilogram of butter rises,what happens to the supply of cheese?
Successful Entrepreneurs
Individuals who achieve their goals through innovation, risk-taking, and effectively managing their businesses, often resulting in profitable and sustainable ventures.
Competitors
Other businesses or entities that offer similar products or services, competing for the same target market or customer base.
Franchise
A business model that allows individuals or entities to operate a store or outlet using the branding, products, and operational methods of an established company.
Franchisee
An individual or company that holds the rights to conduct business under an established brand or trade name in a specific territory.
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