If an Entrepreneur Were Considering a New Business,which of the Following

question 84

Multiple Choice

If an entrepreneur were considering a new business,which of the following would be a DESIRABLE characteristic of the industry being considered?

• A) Several companies are engaged in highly competitive advertising,which indicates that the product is desirable.
• B) The new company will sell a newly patented invention that is not yet well known but is expected to dominate the market.
• C) Start-up costs are high,so only a few companies are in business.
• D) The new company will be able to sell only to selected buyers.
• E) Customers have substitute products from which to choose if the new company cannot produce the products as rapidly as needed.

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Definitions:

Social Media

Digital platforms that enable users to create, share, or exchange information, ideas, and content among communities and networks.

Taft-Hartley Act

A 1947 U.S. federal law that restricts the activities and power of labor unions.

Landrum-Griffin Act

Federal legislation that primarily governs the internal operations of labor unions. It requires financial disclosures by unions, establishes penalties for financial abuses by union officials, and includes “Labor’s Bill of Rights” to protect employees from their own unions.

Gross Misconduct

Serious behavior on the part of an employee which can justify immediate dismissal without notice, typically because it causes significant harm to the business or its employees.