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  • When one designs a unique good or service, the individual is said to have used a(n) ____approach to starting the business. #631
  • When one discusses upside gain and downside loss, one is talking about #632
  • The person who sells the franchise is usually required to do all of the following except: #633
  • A ____ is a system of distribution that enables a supplier to arrange for a dealer to handle a specific product or service under certain mutually agreed upon conditions. #634
  • Which of the following is an intangible asset? #635
  • An agreement not to compete is also known as #636
  • Starting a business by adapting something already on the market is called __________. #637
  • Coming up with a unique good or service is a _____ approach, while adapting something that is currently on the market or extending the offering to an area where it is not presently available is a(n) _____ approach. #638
  • When this asset is purchased, the buyer should be sure to deduct those that they are deemed uncollectible. #639
  • _____________ is the economic basis for all entrepreneurial activity. #640
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