Highly Labor Intensive Services Are Called _____________

question 63

Multiple Choice

Highly labor intensive services are called _____________ .

• A) quasi-manufacturing
• B) quasi-services
• C) mixed services
• D) pure services
• E) mixed manufacturing

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Definitions:

Entrepreneurs

Individuals who initiate, manage, and assume the risks of starting and operating a new business venture.

Setbacks

Unforeseen events or challenges that slow progress or cause plans to be revised.

Equity Financing

Raising capital through the sale of shares in a company, thus providing investors with part ownership in exchange for funds.

Entrepreneur

An individual who identifies a business opportunity and organizes, operates, and assumes the risk for a business venture, with the aim of making a profit.