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Which idea is NOT good for a home-based business?
Determines supply and demand.
Competition
Profit motive
Being fully responsible
Increase prices
Managing a doctor’s office
SCORE
Monopoly
Scarcity allows businesses to:
Determines supply and demand.
Competition
Profit motive
Being fully responsible
Increase prices
Managing a doctor’s office
SCORE
Monopoly
Government’s role in business encompasses all the following EXCEPT:
Determines supply and demand.
Competition
Profit motive
Being fully responsible
Increase prices
Managing a doctor’s office
SCORE
Monopoly
The primary reason individuals start a business
Determines supply and demand.
Competition
Profit motive
Being fully responsible
Increase prices
Managing a doctor’s office
SCORE
Monopoly
Which one is a risk of owning your own business?
Determines supply and demand.
Competition
Profit motive
Being fully responsible
Increase prices
Managing a doctor’s office
SCORE
Monopoly
When several businesses strive for the same customer dollar.
Determines supply and demand.
Competition
Profit motive
Being fully responsible
Increase prices
Managing a doctor’s office
SCORE
Monopoly
Government agencies that assist entrepreneurs in starting their own businesses include all the following, EXCEPT:
Determines supply and demand.
Competition
Profit motive
Being fully responsible
Increase prices
Managing a doctor’s office
SCORE
Monopoly
When a company can charge high prices because consumers have nowhere else to go.
Determines supply and demand.
Competition
Profit motive
Being fully responsible
Increase prices
Managing a doctor’s office
SCORE
Monopoly
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