Answer to Question #170196 in Economics for Jonathan

Question

Business Research Project:

Students will start their own business or extend a business that already exists. They should provide at

least one paragraph of explanation for each of the following items:

1. Business name and function
2. Type of business organization, with advantages and disadvantages
3. Target market for the product or service
4. Competing businesses
5. Essential equipment, machinery, and materials; cost
6. Job descriptions for each type of worker needed and number of workers at each position; salaries
7. Location of business; cost of rent or real estate
8. Taxes collected, taxes paid
9. Licenses and permits needed; cost
10. Types of insurance needed and reason needed; cost
11. Expected revenues and expenses
12. Total cost of starting the business and the source of start-up money

Answer 1

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