According to the book, which of the following is an example of an economic issue that a new business should consider?
A)Industry trends
B)Case of entry/exit
C)Elasticity of demand
D)All of these

Question

Quizplus · Accepted Answer

All of these options are economic issues that a new business should consider. Industry trends can help a business identify potential opportunities or threats in the market, case of entry/exit can help a business understand the level of competition in the industry, and elasticity of demand can help a business determine the optimal pricing strategy for its products or services.

According to the Book, Which of the Following Is an Example