Which of the Following Is an Example of an Activity

question 93

Multiple Choice

Which of the following is an example of an activity undertaken by an entrepreneur?

• A)choosing the color scheme for your renovated kitchen
• B)being promoted to the position of Chief of Police
• C)being appointed to the U.S.Supreme Court
• D)starting a snow cone business

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Definitions:

Noncustomers

Individuals or entities that are currently not purchasing or using a company's products or services but could potentially be converted into customers.

Direct Competitor

Entities that offer the same or similar products or services within the same market space and vie for the same potential customer base.

Brand Competitor

A brand competitor is a company or product that offers goods or services that are similar and target the same customer base as another product or brand.

Product Competitor

A company or brand that offers similar products or services within the same market, competing for the same customers.