A Product Has Utility If It

question 212

Multiple Choice

A product has utility if it

• A)takes more and more resources to produce successive units of it.
• B)violates the law of demand.
• C)satisfies consumer wants.
• D)is useful.

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Definitions:

Crowdfunded Projects

Initiatives or ventures funded by raising small amounts of money from a large number of people, typically via online platforms.

Kickstarter

A crowdfunding platform designed to help bring creative projects to life by allowing creators to seek financial support from the public.

Crowdfunding Efforts

Initiatives taken to raise funds for a project or venture by soliciting small contributions from a large number of people, typically via the internet.

Bootstrapping

A self-funding approach wherein an entrepreneur starts a company with personal finances or the revenue generated by the business, rather than external investment.