Part of the Entrepreneurial Process in a Competitive Market Economy

question 102

Multiple Choice

Part of the entrepreneurial process in a competitive market economy involves

• A) obtaining governmental control over the market so that a new product has some chance of being successful.
• B) knowing from the start the proper output and price to set for each new product.
• C) choosing the best structure, size, and scope of production for the firm to produce a new product.
• D) knowing in advance with certainty what products consumers will want to buy.

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Definitions:

Variance

A statistical measure of the dispersion of data points in a data series around the mean.

Total Percentage Return

The total return on an investment, expressed as a percentage, that includes all dividends, interest, and capital gains.

Dividend

Money given to shareholders by a corporation, usually sourced from the firm's profits.

Dividend Yield

A measurement in finance that compares the dividends a company pays each year with its stock price.