Answer to Question 1
While entrepreneurs can choose what businesses they want to start, the marketability of their products defines their success. A business cannot survive if there is not enough demand for its product.
Entrepreneurs can use knowledge of the laws of supply and demand to help them create successful businesses. For example, a service station that was the only one located near a busy highway exit (one supplier in a high-demand environment) would be more successful than a service station located at a small town intersection near three other service stations (four suppliers in a lesser-demand environment). Entrepreneurs need to know what products, skills, and experience are necessary for success, and by whom their product will be demanded.
Answer to Question 2
The three forms of business ownership are sole proprietorship, partnership, and corporation.
The role of the liver in fuel supply to the blood.
State Laws on Abortion prior to Roe v. Wade, 1973
Laws Governing Collection
The growing demand for electrical power, carbon sequestration and storage must be a priority
Give the world a reason to remember your name
Find the factor demand for labour and the amount of output it will produce. Show all ...