The USCommerce Department Indicates That About ___ Percent of Successful Ventures

question 1

Multiple Choice

The U.S.Commerce Department indicates that about ___ percent of successful ventures never make it to the second generation of ownership.

• A)50
• B)60
• C)70
• D)80

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Definitions:

Consumer Surplus

The gap between the price consumers are ready to pay for a good or service and the price they end up paying.

Market Demand

Represents the total quantity of a good or service that all consumers in a market are willing and able to purchase at various prices.

Music Downloads

Digital files of music tracks that can be legally or illegally downloaded from the internet to a computer or mobile device.

Sugar Quotas

Government-imposed limits on the amount of sugar that can be imported or produced, often to stabilize domestic prices.