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:

Government Permits

Official permissions granted by governmental bodies that allow individuals or companies to conduct certain activities that would otherwise be prohibited.

Develop Land

The process of making land suitable for construction or other use, which may involve clearing, grading, and installing infrastructure such as roads and utilities.

Landscaping

The art and practice of designing and maintaining outdoor spaces for aesthetic or functional purposes.

Business Location

The physical or virtual place where a company operates its activities.