Project ________ Involves Justifying Whether an Opportunity Is Attractive in the Marketplace;

question 90

Multiple Choice

Project ________ involves justifying whether an opportunity is attractive in the marketplace; project ________ involves evaluating the strategic and economic impact of a new venture.

• A) impetus; definition
• B) definition; impetus
• C) reward; development
• D) development; focus

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Definitions:

Equilibrium Price

The price in the market where the amount of products offered matches the amount of products people want to buy.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a particular price over a specified period.

Rent Controls

Government-imposed limits on the amount landlords can charge for leasing a home or apartment.

Economic Profit

The difference between the total revenue generated by a business and the total costs, including both explicit and implicit costs.