Scenario 7-2. Jack loves computers and has since he was a child. He spends every waking hour programming, rebuilding, and tinkering with any computer he can find. He has just graduated with a bachelor's degree in computer science and is trying to decide what to do with the rest of his life. The computer stores in the town in which he lives are not places he would want to work. They are known for slow service, lack of quality computers, and inability to service the computers they sell. He is contemplating opening his own small business; however, lack of funds is his major problem. To deal with his lack of funds, initially he would concentrate on repair and service of existing computer systems and then expand into selling new computers as his capital base grew. He knows he could do a better job with customer service than what his competitors currently are doing.
-In Scenario 7-2, Jack could begin his business as one of the fastest growing segments of new business startups. This would address his problem of lack of funds by obtaining very low overhead. Which segment of business startups would this be?

Question

Quizplus · Accepted Answer

Jack could start a home-based business, which typically requires lower initial investment and overhead costs, making it a suitable option for someone with limited funds.