Read the scenario, and then answer the question. A pair of entrepreneurs have an idea for a diagnostic service business that will identify if patients have a specific type of disease. What are the most important factors to consider before they start their business?
how many people are tested for this disease every year, and how much cheaper their service will be than their competitors
how many hours they want to work every year, and how much faster their service will be than their competitors
how many people they plan to have working for them, and how much easier their service will be than their competitors
how many people suffer from this disease, and how many more goods they will offer than their competitors
Answers (2)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Read the scenario, and then answer the question. A pair of entrepreneurs have an idea for a diagnostic service business that will identify ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Bloom now believes it is more likely than not that it will have to sell the Taylor bonds before the bonds have a chance to recover their fair value.
Answers (1)
According to the Census Bureau, in October 2016, the average house price in the United States was $354,900. In October 2000, the average price was $215,100.
Answers (1)
If Nominal GDP is 5.2% and Inflation is 3.2%, Real GDP is A-8.4% B-3.2% C - 5.2% D-2.0%
Answers (1)
Name a product that you regularly purchase from a firm that operates in an oligopolistic industry. Explain why the product and firm fit the model of oligopoly.
Answers (1)
Let MUs be the marginal utility of a sandwich, MUh be the marginal utility of a hot dog, Ps be the price of a sandwich, and Ph be the price of a hot dog. When the price of the goods is zero, Pat eats a sandwich.
Answers (1)
New Questions in Business
On October 1, Robertson Company sold inventory in the amount of $5,800 to Alberta, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Robertson uses the periodic inventory system.
Answers (1)
Does trading two cookies for two granola bars show a gain from trade
Answers (1)
During its most recent fiscal year, Raphael Enterprises sold 200,000 electric screwdrivers at a price of $15 each. Fixed costs amounted to $400,000 and pretax income was $600,000.
Answers (1)
ABC Limited, Inc., sells its product in a perfectly competitive market for a price of $15 per unit and hires workers at a daily wage of $75. Labor is the only factor cost, and the firm is currently earning profits.
Answers (1)
Minor Company had the following department dа ta: Physical Units Work in process, July 1 30000 Completed and transferred out 165000 Work in process, July 31 45000 All materials are added at the beginning of the process.
Answers (1)