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.1.1 Identify and discuss the specific resources, or factors of production, Lethabo and Anika will need for their new venture.
Q.1.2 Assess the implications for Lethabo and Anika if they lived in a command economy versus a market economy.
Q.1.3 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.1.4 Recommend a suitable legal form of business for the new venture proposed in the
(10)
scenario. Justify your choice.
Q.1.5 Discuss the internal and external stakeholders in a business plan, with application to
(15)
the scenario.
 Q.1.1 Identify and discuss the specific resources, or factors of production,

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!