Complete the Following Using the Terms Listed

question 90

Multiple Choice

Complete the following using the terms listed.
-A(n) _____ project is initiated by an employee who conceives an idea,convinces top management of a company of its potential,and then recruits human and other resources from within the company to turn that idea into a commercial project.

• A)Seed capital
• B)angel investor
• C)venture capitalist
• D)debt financing
• E)Information technology
• F)social entrepreneur
• G)classic entrepreneur
• H)lifestyle entrepreneur
• I)equity financing
• J)skunkworks
• K)Intrapreneurship
• L)Internal locus of control
• M)equity funds

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Definitions:

Competitive

A market structure characterized by a large number of firms or sellers where each has a small proportion of market share and there is free entry and exit from the market.

Output

The total quantity of goods or services produced by an individual, system, or entity within a specific period, often used as a measure of productivity or economic activity.

Oligopolistic Industry

A market structure characterized by few firms where each has significant control over pricing and competition.

Elastic Firm Demand

Describes a situation where the demand for a firm's products is highly sensitive to changes in price, indicating consumers are likely to change their purchasing behavior if the price changes.