Percy Opened a Store Selling Computer Software and Computer Services

question 51

Multiple Choice

Percy opened a store selling computer software and computer services.Of the advertising media available to him,which would be most effective for targeting his local trading area?

• A) Internet
• B) Radio
• C) Television
• D) Magazines
• E) Newspapers

Identify significant entrepreneurs and their contributions to the modern economy.

Describe strategies for earning above-normal profits in a competitive market.

Comprehend the process of creative destruction and its role in economic innovation and change.

Understand how the "invisible hand" mechanism operates within competitive markets to allocate resources efficiently.

---

Definitions:

Evidence

Information or facts that are used to support a conclusion or hypothesis.

Epidemiology

The study of how diseases spread and can be controlled in populations, focusing on patterns, causes, and effects of health and disease conditions.

The World Smaller

The concept often refers to the process of globalization and technological advancements that make communication, travel, and trade easier across long distances, effectively making the world feel smaller.

Travel

The act of moving from one location to another, which can be local or over long distances and can involve various modes of transportation.