Suppose That Your Friend Victor Gives You a Bottle of Red

question 28

Multiple Choice

Suppose that your friend Victor gives you a bottle of red wine for your birthday, and tells you that only 100 bottles of that wine exist in the world. Suddenly the wine seems very important and special. This would seem to be due to the so-called ____ principle.

• A) reciprocity
• B) consistency
• C) commitment
• D) scarcity

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Definitions:

Serial Entrepreneurs

Entrepreneurs who repeatedly start new businesses and ventures, moving from one interest or opportunity to another over time.

Classic Entrepreneurs

are individuals who start a business motivated by the opportunity to create new products or services, typically taking significant risks in the hope of financial gains.

Social Entrepreneurs

Individuals who use business techniques to create and implement solutions to social, cultural, or environmental issues.

Business Opportunities

Situations or ventures that present possibilities for commercial success.