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The assignment is to identify a business of interest, suitable to start and has marketappeal. The steps required to follow is:1. Business idea identification: A. making a list of 10 things I like B. Making a list of 10 things I'm good at. C. Identifying 3 business opportunities that reflect a match between an item from all three lists. (I CAN DO THIS PART.) The second step is:2. Development and initial testing: A. describe the business idea (200-250 words in paragraph form.) B. Test the feasibility of the business idea (There is a worksheet for this.) C. Prepare the feasibility profile for the business idea by specifying the score for each of the three areas on the work sheet. For each area, the scores can range from (-8), denoting a low potential, to (+8) denoting high potential. Provide the numerical score (Total the columns) 3. Feasibility Summary:Building on the analysis from the 2B and 2C, summarize the feasibility analysis and the overall likelihood of success:
-1 paragraph summary of the major strengths of the idea-1 paragraph summary of the challenges such a business will face-1 paragraph conclusion on a scale of 1 (low) to 10 (high) how does your business idea rank with justifications.
What will be the effect of the following events on the market for French wine and the quantity consumed? Distinguish between the short-run and the long-run impact.
a monopolist faces a demand curve given byp 105 - 3q where p is the price of the good and q is the quantity demanded.
At what prices is the demand for the firm’s product price elastic? If the firm wants to maximize its dollar sales volume, what price must it charge?
What is the market equilibrium price and quantity? 2. How much is the consumer surplus and the producer surplus?
Explain the role of labor supply and labor demand in determining the incentives to return to equilibrium. Explain why unemployment falls when output rises. In the process, mention what happens to unemployment. What factors determine the job finding r..
Assume that a new law stated that any person could print their own money. Determine what kind of changes would come about in daily commercial transactions as a result of such a law?
your company bright paints is one of a dozen companies manufacturing a special reflective paint used for traffic signs.
a. why might fire extinguishers exhibit positive externalities b. draw a graph of the market for fire extinguishers, labeling the demand cruve, the social-value curve, the supply curve, and the social cost curve.
Suppose that a labor economist claims that recipients of economics PhDs gain little in terms of acquired productive skills from their graduate studies, but instead, the degree simply reflects a high level of inherent mathematical ability. Which on..
collect data on sales from any retail store of choosing for the last 10 months or 10 years. Predict the sale for the 11th month or 11th yr using a 3-month moving average and a 4-month moving average. Calculate the MAD for the 3-month or 3yr and 4m..
good x is a normal good. use indifference curves and budget lines to show the substitution and income effects of a
The purpose of advertising & other forms of non-price competition by a firm is to shift the Demand curve to the Right or Left.
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