To Be an Entrepreneurial Venture,a Small Business Must Also Be

question 124

True/False

To be an entrepreneurial venture,a small business must also be innovative and constantly seek out new opportunities.

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Definitions:

Market Price

The prevailing market rate at which a service or asset can be purchased or sold, influenced by the balance of supply and demand.

Marginal Cost

The additional cost incurred from producing one more unit.

Average Revenue

The revenue received per unit of goods or services sold.

Minimize Losses

A strategy or approach aimed at reducing the amount of losses incurred in a business or investment.