Answers26-27 Ignite Economics-KY-EconomicsCase Study: Starting a Business

Case Study: Starting a Business Answers

2 verified answers
1
Free Preview

Now, use your research to decide which business is the best choice for this community.Explain your choice in two to three sentences, using factual evidence to support your claim.

Answer:

The Shoe Hut is the most viable business choice for the community because there is currently a low supply and high demand for custom sporting goods compared to other businesses like coffee shops. Additionally, the business model is cost-effective, requiring lower initial capital, less specialized equipment, and fewer employees to operate successfully.

2
Free Preview

Which factors did you discuss in your response? Check all that apply.

A
the fact that The Shoe Hut is likely the better choice
B
the importance of the capital needed to start and maintain the business
C
the competition existing in the community
D
the need for fewer employees for The Shoe Hut

Did you find these answers helpful?