Complete the Following Using the Terms Listed Below

question 122

Multiple Choice

Complete the following using the terms listed below.
-When entrepreneurs use ______, they borrow money from banks, finance companies, and credit card companies, which must be repaid.

• A)lifestyle entrepreneur
• B)globalization
• C)angel investor
• D)enterprise zone
• E)debt financing
• F)internal locus of control
• G)debt financing.
• H)classic entrepreneur.
• I)social entrepreneur.
• J)seed capital
• K)venture capitalist
• L)intrapreneurship
• M)urban reserve
• N)information technology

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Definitions:

Production Costs

Expenses incurred by a business in the process of creating a good or service, including raw materials, labor, and overhead.

Elasticity

The measure of how much the quantity demanded or supplied of a product changes in response to a change in its price.

Resource Demand

The desire and ability of businesses or individuals to acquire resources or inputs required to produce goods and services.

Resource Price

Resource price is the cost associated with acquiring the inputs needed for production, including labor, raw materials, and capital.