Entrepreneurs Look at Five Basic Ways of Opportunity for Business

question 1

Multiple Choice

Entrepreneurs look at five basic ways of opportunity for business ideas. Which is not one of those five?

• A) developing a new market for an existing product
• B) producing a product more cheaply
• C) finding new ways to use existing technology
• D) raising prices in an existing market

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Definitions:

Deficit Financing

The practice of funding government operations beyond the amount raised through taxation and other revenues by issuing debt or creating new money.

Peacetime Deficit

A government budget deficit that occurs during periods without active warfare, indicating expenditures exceed revenues.

Federal Budget

An estimate of government revenue and expenditure for a specific fiscal year.

Discretionary Fiscal Policy

Government policy actions, such as changes in taxation or spending, intentionally made to influence economic activity.