What are the advantages to capitalism

Assignment Help Business Law and Ethics

Reference no: EM133613195

The Project
For this project , you will have the chance to create your business . This will not be a business plan but will be more of a way for us to combine the concepts we have leaned in class
The Idea
Your business can be a product or a service. Since this is a hypothetical business with no real budget, you can be creative here.

The paper should thoroughly answer the following bullet points based on our class topics. Your paper should include a title page , table of contents, page numbers , a reference page ( for any sources you used for your assumptions ), and an appendix for any additional materials that you might need to add or reference. All responses should be 1-2 paragraphs in length per bullet point .

Entrepreneurship
Explain your business concept and idea. Go into detail Is this an existing business or are you starting from scratch? Is it a franchise? Will you form a partnership or an LLC? Explain.

Business Environment
Explain the business and industry you are in. Which sectors of the dynamic business environment are you most concerned with for your business?

Economics
What are the advantages to capitalism? Adam Smith suggests that the "invisible hand tums self-directed gain into benefits for all. How do you see your business benefitting other stakeholders ?

The 4 Ps of Marketing
Breakdown your business marketing strategy in terms of the 4 p's of marketing - Product , Price , Place , and Promotion.

Reference no: EM133613195

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