Asked by Katherine Lopez on Jun 03, 2024
Verified
A business that uses the web to help 13- to 18-year-old children open a bank account, learn about investing and donate to charity is an example of a(n) :
A) minority-owned business.
B) business that will never succeed.
C) business exploiting children.
D) internet-based entrepreneurial business.
E) family-oriented business.
Internet-based Entrepreneurial Business
A business venture initiated and operated primarily on the internet, leveraging online technologies for commerce, communication, and management.
Minority-owned Business
A business that is majority-owned by individuals from certain minority racial or ethnic groups, often recognized for purposes of certification and government contracting.
- Become aware of the significant impact of entrepreneurship on technological innovation and its contribution to economic prosperity.
- Recognize the function and action of strategic reasoning and risk involvement in the context of entrepreneurship.
Verified Answer
NM
Nurlane MemmedliJun 09, 2024
Final Answer :
D
Explanation :
This business model leverages the internet to provide financial education and services to teenagers, fitting the definition of an internet-based entrepreneurial business.
Learning Objectives
- Become aware of the significant impact of entrepreneurship on technological innovation and its contribution to economic prosperity.
- Recognize the function and action of strategic reasoning and risk involvement in the context of entrepreneurship.