What Expresses the Specific Number of Instances in an Entity

question 13

Multiple Choice

What expresses the specific number of instances in an entity?

• A)Cardinality
• B)Composite entity
• C)Business rule
• D)Null-valued attribute

Identify and differentiate between finding and effectuation approaches in opportunity creation.

Recognize the importance of addressing unmet needs and solving problems in the marketplace.

Grasp the significance of habit-breaking and pattern recognition strategies for idea generation.

Acknowledge the role of alertness and prior knowledge in recognizing entrepreneurial opportunities.

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Definitions:

Monopoly

A market structure characterized by a single seller dominating the entire market, often leading to higher prices due to lack of competition.

Demand Curve

The demand curve is a graph showing the relationship between the price of a good and the amount that consumers are willing and able to purchase at various prices.

Consumer Surplus

The gap between what consumers are ready and can afford to pay for a product or service, versus what they actually spend.

Producer Surplus

The difference between the amount that a producer is paid for a good or service and the minimum amount they are willing to accept for it.