Bill Continues to Be Downsized from His Employers but Has

question 81

Multiple Choice

Bill continues to be downsized from his employers but has good work ethics and strong marketable skills.He decides to start his own business.What type of entrepreneur is he?

• A)necessity-based entrepreneur
• B)nascent entrepreneur
• C)established business owner
• D)potential entrepreneur

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Definitions:

Retail Credit

An arrangement where retailers offer direct credit facilities to their customers for the purchase of goods and services.

Work-in-progress

Refers to the intermediate goods or partially finished goods that are in the process of production.

Raw Materials

Basic materials or substances used in the initial stages of manufacturing or production.

Finished Goods

Items that are finished being made and can now be purchased by consumers.