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Principles of Business Key Terms

Quiz by Anabel Gonzalez

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Q 1/4
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The possibility of loss (failure) or gain (success) inherent in conducting business.
29
Business Risk

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4 questions

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Q1
The possibility of loss (failure) or gain (success) inherent in conducting business.
Business Risk
30s
Q2
Rivalry between or among businesses that offer similar types of goods or services.
Direct competition
30s
Q3
A type of market structure in which a market is controlled by one supplier.
Monopoly
30s
Q4
A market structure in which there are many businesses selling a lot of identical products.
Perfect competition
30s

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