Back to quiz

6. What is a Stakeholder?

  • The more influential people within a business
  • Another business taking over a different existing business
  • An individual that is interested in the actions and success of a particular business
  • Where different tyoes of people each have a share in a business
  • What role the Government plays in the decision making of a business

7. What is a Veblen good?

  • A good that is purchased with another good and compliment eachother
  • Goods that have snob value and demand usually stays high for regardless of the price
  • A good where demand increaseswhen price decreases
  • A good which people desire to have but can also do without
  • A good where demand decreases when price increases