A Profitable Business Will Attract

question 59

Multiple Choice

A profitable business will attract

• A) new competitors.
• B) government regulation.
• C) increases in marginal revenue.
• D) existing businesses.

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Definitions:

Delectus Personae

A legal principle emphasizing the importance of personal choice and trust in the selection of individuals to fulfill certain roles, especially in partnerships.

Apparent Authority

A form of authority that an individual seems to have because of their conduct or representation by another, leading third parties to believe rightfully that authority exists.

Actual Implied

Refers to obligations or understandings that are not explicitly stated but are inferred from actions or the general situation.

Distribution

The process of making a product or service available for use or consumption by a consumer or business user.