Nadi Is Interested in Running a Business and Decides to Open

question 34

Multiple Choice

Nadi is interested in running a business and decides to open a branch of a successful falafel shop that her sister owns in another town. In this case, Nadi could be best described as a(n)

• A)business incubator.
• B)innovator.
• C)franchisor.
• D)franchisee.
• E)intrapreneur.

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Definitions:

Indifference Curve

A graphical representation showing combinations of goods between which a consumer is indifferent, implying equal utility.

Consumer's Income

The total amount of money earned by a consumer that is available for spending and saving.

Price of a Book

The amount of money required to purchase a book, determined by factors like demand, production costs, and publisher pricing strategies.

Indifference Curves

Graphical representations that show combinations of two goods among which a consumer is indifferent, meaning each combination gives the consumer the same satisfaction or utility.