Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Describe a business that you what start if you were so inclined.What product or service would you sell?Describe in detail the factors of production that

Describe a business that you what start if you were so inclined.What product or service would you sell?Describe in detail the factors of production that must be employed to run this business. Do you need land, labor, capital, natural resources or other inputs?If so list the specifics of each. What special skill set do you (the entrepreneur) need? How would you price your product or service? Is there a lot of competition in this market or will you be the sole provider (a monopolist)?

can you put the business as a lanyard nike and PINK. Like with fur balls and keychains type of business and go on from there?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Cases An Active Learning Approach

Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt

2nd Edition

0130674842, 978-0130674845

Students also viewed these Economics questions