What Unique Market Does the Company in the Case Study

question 75

Multiple Choice

What unique market does the company in the case study, VF, serve?

• A)entrepreneurs who need testable products
• B)small manufacturers
• C)people who need small batches of engineering product
• D)small business startups

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Definitions:

Redistribution of Income

The transfer of income and wealth from some individuals to others through a social mechanism such as taxation, charity, welfare, public services, land reform, or monetary policies.

Circular Flow Model

An economic model that depicts the movement of goods, services, and money between households and businesses in an economy.

Consumer Expenditures

The total amount spent by consumers in an economy on goods and services.

Government and Households

The sectors of an economy involving government spending and actions, and the consumption and savings patterns of individual households.