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Imara, at age 55, complains that the headlights of approaching cars are more blinding, and it's difficult for her to see when driving at night. These problems are:
Entrepreneurial Talent
The unique set of skills, creativity, and innovation that entrepreneurs bring to create and manage new ventures.
Explicit Costs
Explicit costs refer to the direct, out-of-pocket payments made by businesses for the resources they use, such as wages, rent, and materials.
Uninsurable Risk
An eventuality for which the frequency or magnitude of potential losses is unpredictable or unknowable. Insurance companies are not willing to sell insurance against such risks.
Consumer Tastes
Preferences or likes and dislikes of consumers that influence their purchasing behavior and are affected by cultural, social, personal, and psychological factors.
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