BDI Ch. 1 Test Review

Another word for business startup or undertaking is

Job loss does not impact other businesses.

Which definition best describes the term multiplier effect?

The Ottawa Board of Trade is a non-profit and non-partisan organization.

The expansion of businesses and markets based on worldwide interdependence describes:

CUSMA is known as USCMA in the United States.

Which best describes networking in business?

Which agreement replaced NAFTA?

Which of the following is not a characteristic of ventures?

Demographics refers to data about people.

Information about supply and demand is important to entrepreneurs.

What best describes intrapreneurship?

A virtual business is:

The member countries of CUSMA are Canada, U.S., and Mexico.

Intrapreneurship has a positive impact on a business.

Small businesses did not have access to larger data banks 30+ years ago.

NAFTA was a trade agreement between Canada, Mexico and the U.S.

NAFTA came into effect on July 1, 2020.

If something is in high supply but low demand, prices will drop.

Entrepreneurship can significantly impact a community.

An online business can be easier to start than a bricks and mortar business.

NAFTA stands for North American Fair Trade Arrangement.

What is a market niche?

What is a business incubator?

Market share refers to

There was a time when small businesses could not compete with larger organizations.