When Running a Home-Based Business

question 49

Multiple Choice

When running a home-based business:

• A)you generally don't need a separate business line,especially during the day.
• B)you still need to dress for work and for client meetings.
• C)zoning laws do not apply.
• D)you can have up to six employees in your home without informing the local zoning commission.

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Definitions:

Production Technology

The methods, equipment, and processes used to create goods or services, often involving innovations that improve efficiency.

Number Of Buyers

A factor influencing demand in a market, representing the total count of consumers willing to purchase a product or service.

Supply Curve

A graphical representation showing the relationship between the quantity of goods suppliers are willing to sell and the price of those goods.

Expansion Of Production

The increase in the output of goods and services by a firm or economy, typically involving larger quantities of products or expansion into new markets.