Which of the Following Individuals Is Most Likely to Become

question 74

Multiple Choice

Which of the following individuals is most likely to become a successful entrepreneur?

• A) Nigel enjoys challenges, has a strong social network, has good knowledge of management techniques, and possesses excellent business skills.
• B) Hilary has an MBA and has been a manager in a corporate office for ten years. She likes a job to be well done and works best when she plans ahead.
• C) Phoebe likes to invent new products, enjoys working in the laboratory, and avoids conflict whenever possible. She has little knowledge of business.
• D) Kylie has strong marketing and selling skills, and loves challenges in these areas.
• E) Edward is creative, embraces new ideas and products, and likes to motivate others but prefers working by himself.

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Definitions:

Demand Curves

A graphical representation showing the relationship between the price of a good and the quantity of that good consumers are willing to purchase at different prices.

Complements

Products that are frequently consumed in conjunction with one another, where a rise in demand for one results in a boost in demand for the other.

IPods

A line of portable media players designed and marketed by Apple Inc., notable for transforming the music and electronics industries.

ITunes

A media player, media library, Internet radio broadcaster, and mobile device management application developed by Apple Inc.