Question

Before setting up an ice cream company, Mark conducts a survey to find out which flavors are most popular. The survey tells him the buying habits of people from different locations and age groups. He also hired a legal firm to find any government regulations that will apply to him. Which economic questions is not covered in Mark's scenario?

Answer 1

The correct answer to this open question is the following.

Although there are no options attached, we can say the following.

The economic questions that are not covered in Mark's scenario could be the following.

Mark needs to ask about what its competitors might be. Direct and indirect competitors in the zone. He has to know the kind of products they are selling, their prices, offers, and promotions, so he can make business decisions.

Another question he is missing is his business plan. He needs a full business plan so he can consider all aspects and variables during the opening and the firsts years. He also needs to ask himself if he has enough resources to outlast the competitors.

Answer 2

Answer:

B. How should we produce them?

Explanation:

For all Plato users