When Your Product or Service Already Exists but Your Firm

question 53

Multiple Choice

When your product or service already exists but your firm is the first of its kind in your market,it is considered a(n) _____ business.

• A) entry-level
• B) pioneering
• C) substitutive
• D) new entrant

---

Definitions:

Sociologist

A social scientist who studies human societies, their interactions, and the processes that preserve and change them, focusing on social relationships, institutions, and behaviors.

Nature Versus Nurture

Refers to the ongoing debate on the relative contributions of genetic inheritance and environmental factors to human development.

Behavioural Differences

Variations in actions and responses among individuals or groups, often influenced by genetic, environmental, and societal factors.

Socialized

The process by which individuals learn and internalize the norms, values, and behaviors that are considered appropriate in their society.