1. Businesses that start their operations in incubators can stay there indefinitely.

True

False

2. The United States is more of a collection of local and regional markets than a single homogeneous market.

True

False

3. Producing products under another company's name is called

licensing

moonlighting

private-label manufacturing

franchising

4. The economic factors that have the largest influence on pricing are the prices charged by competitors, the amount of the customer demand for your product, and the costs incurred in producing, purchasing, and selling your products.

True

False