Multiple Choice
Which of the following best defines 'economies of scale' in the context of human geography?
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0. Basic Principles of Economics
Introduction to Economics
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Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
For entrepreneurs, taking _________ and growing a business go hand in hand.
A
notes
B
orders
C
vacations
D
risks
Verified step by step guidance1
Understand the context of the sentence: it relates to what entrepreneurs must do to grow a business.
Recall that entrepreneurship involves uncertainty and decision-making under uncertainty.
Identify the key concept associated with entrepreneurship: entrepreneurs often take 'risks' to innovate and expand their ventures.
Evaluate the options given: 'notes', 'orders', and 'vacations' do not logically connect with the process of growing a business.
Conclude that the correct word to fill in the blank is 'risks', as taking risks is fundamental to entrepreneurial growth.
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