Proving That a Profitable Market Exists Involves

question 70

Multiple Choice

Proving that a profitable market exists involves:

• A)proving that customers in the marketplace have a need for the good or service and are willing to pay for it.
• B)honestly comparing your firm's products with a competitor's products,showing your advantages.
• C)explaining how you will achieve your business objectives and market share goals.
• D)showing the linkage between your plan of operation and your financial profitability.

---

Definitions:

Decisions

The process of making choices among various alternatives to achieve a desired outcome.

Suggestions

Recommendations or pieces of advice aimed at proposing a course of action.

Efficiency Wage Theory

Explanation for the presence of unemployment and wage discrimination which recognizes that labor productivity may be affected by the wage rate.

Productivity

The measure of the efficiency of production, often quantified as output per unit of input.