It Is Possible for a Business to Make a Profit

question 1

True/False

It is possible for a business to make a profit and go out of business due to cash flow problems.

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Definitions:

Legal Barriers

Regulations or policies implemented by governing bodies that limit or control the entry of new firms into certain markets or industries.

Industry

The segment of the economy concerned with production, processing, and preparation of goods and services, often categorized into sectors like manufacturing, services, and agriculture.

Local Monopoly

A situation where a single firm dominates the market within a specific geographic area, limiting competition.

Neighborhood

A geographical area or community within a city or town, characterized by shared features or common identity among its residents.