Assume that you are the owner of the only music store in town because your town limits the number of shops. The town now wants to repeal that law and allow more music stores to open. Describe what actions you could take as a business owner once the law is repealed.

Question

Business

Layne Horne

1 April, 04:12

Assume that you are the owner of the only music store in town because your town limits the number of shops. The town now wants to repeal that law and allow more music stores to open. Describe what actions you could take as a business owner once the law is repealed.

+4

Answers (1)

Know the Answer?

Eleanor Valencia · Answer 1

For the answer to your question, if you are the owner of the music store, what you can do is to be competitive and offer new product or services that other music store doesn't have. You can lower or give discounts to the pricing of your products to have a competitive advantage against new music stores.