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.
Different gene orders give different double recombinants
Here are images of live zebrafish that were studied for genetics and head size to give insight into
State Laws on Abortion prior to Roe v. Wade, 1973
Laws Governing Collection
Minerals are nonrenewable resources in limited supply
Suppose a country imports televisions. The country's supply and demand curves are shown in ...