The ideal type of business would be the sole proprietorship, as it is a structure that is easy to start and manage.
<h3 /><h3>What is the sole proprietorship?</h3>
It is a simpler business structure, which is managed by an individual, who has the responsibilities for the business, that is, in this configuration there is no legal distinction between the company and the owner.
Therefore, the sole proprietorship is less bureaucratic, being able to close the business at any time, or change type as the business grows and requires greater responsibility.
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1) CORRECT
2) If it was an administrative assistant then this would be correct
3) A bachelor's degree
If the price of the steel used to produce steel falls, it would cause the price of American cars to fall.
<h3>How does the price of resources affect demand?</h3>
The price of a resource used in the production of goods can have a huge effect on the price.
If the price of steel is high, it would make the price of cars to be on the increase hence reducing the demand for the product in the market.
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Answer:
<h2>In this case, the answer would be acquiring or merging with other firms producing related products or services.</h2>
Explanation:
- As mentioned in the question, the market for technical translation software is basically dominated by firms producing differentiated or specialized products and services.
- Now, considering that SpeakEasy is a completely new entrant in the market, it will be extremely difficult for the company to initially compete with the established market leaders or firms dominating the market.
- Hence, SpeakEasy can perhaps consider acquiring or merging with some of the firms producing or specializing in voice-recognition software that will eventually ease the burden of market competition or rivalry for the company and consequently,it can commercially and economically grow and prosper in the market by capturing new customers and expanding market share.
- Mergers or acquisitions, in this case, would help the company to effectively focus on its specialized activities and conducts through knowledge sharing, economies of scale or lower average production cost,transfer or transmission of technological knowledge and exploration of new customer or client bases.
