Which of the Following Statements Is TRUE About the Industries

question 30

Multiple Choice

Which of the following statements is TRUE about the industries that small business owners may consider entering?

• A) Small businesses dominate the construction industry.
• B) Since the deregulation of banks,the small local bank has completely disappeared.
• C) Barriers to entry are generally small.
• D) There are no small businesses in the wholesaling industry.
• E) More than any other industry,discounting lends itself to the skills of the small business owner.

Explain how blood groups distribution exemplifies clinal variation.

Understand the definition and implications of racism.

Describe how culture and biological diversity impact lactase persistence and lactose intolerance.

Understand the role of melanin in determining skin color and its evolutionary background.

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Definitions:

Marginal Utility

The increased happiness or value a buyer experiences by consuming an extra unit of a good or service.

Diminishing Marginal Utility

The principle that as an individual consumes more of a good, the utility (satisfaction or benefit) gained from each additional unit decreases.

Total Utility

The overall satisfaction or value a consumer receives from consuming a particular quantity of a good or service.

Marginal Utility

The extra pleasure or benefit obtained from consuming an extra unit of a product or service.