Question: Q . 1 . 1 Identify and discuss the specific resources, or factors of production, Lethabo and Anika will need for their new venture. Q
Q Identify and discuss the specific resources, or factors of production, Lethabo and Anika will need for their new venture.
Q Assess the implications for Lethabo and Anika if they lived in a command economy versus a market economy.
Q Differentiate between an opportunity and necessity entrepreneur, with application to the scenario. Be sure to identify which type opportunity or necessity relates to the scenario.
Q Recommend a suitable legal form of business for the new venture proposed in the
scenario. Justify your choice.
Q Discuss the internal and external stakeholders in a business plan, with application to
the scenario.
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