Which of the Following Is an Advantage of a Market

question 125

Multiple Choice

Which of the following is an advantage of a market economy?

• A)Any individual who has an innovative idea is free to try to make money out of that idea by starting a business.
• B)The state owns all means of production.
• C)Commercialization of innovative products is prevented.
• D)It is the state,rather than the individual,that captures most of the gains.

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Definitions:

Promote Product

Marketing activities aimed at increasing awareness and interest in a product, ultimately to boost sales.

Sales Presentation

A structured pitch or demonstration by a salesperson to persuade a prospect or client to buy a product or service.

Suggest Purchase Order

A recommendation given to a client or customer about the quantity and type of goods to be bought, taking into account past purchases and future needs.

Business Proposition

An offer or proposal outlining the benefits and logistics of a business deal or partnership.