Ben and Chris combined their love of hockey with a business venture.They purchased a small portable cart and began selling hockey memorabilia outside of the hometown hockey arena.Their first year went well,but this past year has been a real struggle.Due to poor economic conditions including a loss of jobs,ticket sales at the arena are down,which has significantly hurt their sales as well.As a recent business school graduate,you explain to Ben and Chris:
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 economic conditions and reduced ticket sales at the hockey arena are examples of external circumstances that are beyond Ben and Chris’ control. This highlights the dynamic and unpredictable nature of the business environment, which can impact a business's success. Option A, which refers to seasonality, may be true but isn't the most relevant factor in this scenario. Option B, which suggests that the business does not meet a significant enough need, is not mentioned in the passage and is therefore not valid. Option D, which mentions social entrepreneurs, is not relevant to this scenario as Ben and Chris' business is not focused on social impact.

Ben and Chris Combined Their Love of Hockey with a Business