Which of the Following Is Considered a Long-Standing Mantra of Entrepreneurs

question 17

Multiple Choice

Which of the following is considered a long-standing mantra of entrepreneurs?

• A) It is always easy to replace a customer
• B) Cash is king
• C) Revenue is everything
• D) Don't worry about expenses

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Definitions:

Quantity Demanded

The specific amount of a good or service that consumers are willing to buy at a given price.

Quota Rent

A financial benefit obtained by importers who receive a license under a quota system which limits the quantity of goods that can be imported.

Supply Price

The minimum price at which a seller is willing to sell a good or service, often determined by the cost of production and market conditions.

Demand Price

The highest price a consumer is willing to pay for a good or service, influenced by personal value perception and financial capability.