The type of new business that Person X would like to open. Introduction: A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

Question

Want to see the full answer?

Answer 1

Question

Chapter 3, Problem 3.6QA

Summary Introduction

To determine: The type of new business that Person X would like to open.

Introduction:

A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

How do you intend to get yourself (and your money) out of the business?

If given enough resources such as money or capital and time. Will you buy an existing business or create a new one?

Will you start a business with your own idea, buy an established business, or buy a franchise? Why?

Answer 2

Question

Chapter 3, Problem 3.6QA

Summary Introduction

To determine: The type of new business that Person X would like to open.

Introduction:

A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 3, Problem 3.6QA

Summary Introduction

To determine: The type of new business that Person X would like to open.

Introduction:

A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 3, Problem 3.6QA

Summary Introduction

To determine: The type of new business that Person X would like to open.

Introduction:

A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 3, Problem 3.6QA

Summary Introduction

To determine: The type of new business that Person X would like to open.

Introduction:

A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

Answer 6

Chapter 3, Problem 3.6QA

Summary Introduction

To determine: The type of new business that Person X would like to open.

Introduction:

A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

Answer 7

Chapter 3, Problem 3.6QA

Summary Introduction

To determine: The type of new business that Person X would like to open.

Introduction:

A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 11

Ch. 3 - Prob. 3.1QR Ch. 3 - Prob. 3.2QR Ch. 3 - Prob. 3.3QR Ch. 3 - Prob. 3.4QR Ch. 3 - Prob. 3.5QA Ch. 3 - Prob. 3.6QA Ch. 3 - Prob. 3.7QA Ch. 3 - Prob. 3.8QA Ch. 3 - Prob. 3.9AE Ch. 3 - Prob. 3.10AE

Solution Summary: The author explains that a business is an economic system where goods or services are exchanged for money. Person X would like to open daily farming industry.

Want to see the full answer?

Chapter 3 Solutions