Licensing represents opportunities for: a) expanding into new markets b) reach more customers in existing target markets c) an entrepreneur to profit with less risk and costly start-up investment d) an entrepreneur to gain access to others' copyrights, trademarks and patents.

Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes

Most economists report the elasticity of demand asa. the absolute value of the actual number.b. a negative number, since price and quantity demanded move in opposite directions.c. a percentage, since both the numerator and denominator are percentages.d. a dollar amount, since we are measuring the change in price.

Which of the following best explains why the demand for housing is more flexible than the supply? a. new housing developments are being constructed all the time. b. low interest rates for mortgages make buying a home very affordable. c. the increasing population always drives demand upwards. d. people can move more easily than producers can build new homes.