433
QuizMultiple Choice

Cumulative Exam — Cumulative exam

Question 433 • Career Explorations A

Read the scenario, and then answer the question.A pair of entrepreneurs have an idea for a diagnostic service business that will identify if patients have a specific type of disease. What are the most important factors to consider before they start their business?

Answer
A
how many people are tested for this disease every year, and how much cheaper their service will be than their competitors
B
how many hours they want to work every year, and how much faster their service will be than their competitors
C
how many people they plan to have working for them, and how much easier their service will be than their competitors
D
how many people suffer from this disease, and how many more goods they will offer than their competitors

Explanation

Before starting, the entrepreneurs should assess demand for the diagnostic service and whether it can compete effectively. The number of people tested each year indicates the potential market, while comparing their price with competitors’ prices helps them judge whether their service can attract customers. The other choices focus on work hours, staffing, convenience, or goods offered, which are less directly relevant to this diagnostic service.

AI-written and checked against the verified answer.

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