The Goal of Business Incubators Is To

question 130

Multiple Choice

The goal of business incubators is to:

• A) ensure that established businesses retain their competitive advantage.
• B) aid third generation family businesses resolve family business feuds.
• C) formulate a succession plan for established family businesses.
• D) increase the survival rates for new startups.
• E) establish social enterprises.

---

Definitions:

Complements in Production

Goods that are produced together in the production process; an increase in the production of one leads to an increase in the production of the other.

Wage

The fixed regular payment, typically calculated on an hourly, daily, or piecework basis, made by an employer to an employee for their labor.

Marginal Revenue Product Curve

A curve showing the additional revenue a firm earns by employing one additional unit of input, holding other factors constant.

Competitive Seller

A seller in a competitive market who takes the market price as given and whose output decision does not affect the market price.