Ben and Chris combined their love of football with a business venture. They purchased a small portable cart and began selling football memorabilia outside of the hometown stadium. Their first year went well, but the past two years have been a real struggle. Due to poor economic conditions including loss of jobs, ticket sales at the stadium are down, which has significantly hurt their sales as well. As a recent business school graduate, you explain to Ben and Chris that:
A) this type of business is always high risk because it is seasonal.
B) the business does not fill a sufficient need for most people.
C) environmental circumstances are dynamic and tough to control.
D) social entrepreneurs are currently getting most of the attention.

Question

Quizplus · Accepted Answer

The poor economic conditions and reduced ticket sales at the stadium are examples of environmental circumstances that are tough to control and can significantly impact a business's success. Therefore, option C is the most appropriate choice. Option A may be true to some extent, but it does not explain the specific challenges that Ben and Chris are facing. Option B is not necessarily accurate since football memorabilia can be an important part of a fan's experience. Option D is unrelated to the situation described.

Ben and Chris Combined Their Love of Football with a Business