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Sophia PathwaysCh1.docx

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Sophia Pathways Introduction to Business Unit 1: Challenge 1: The Environment of business 1. Which of the following is true in a monopoly? a) Business owners should use marketing to emphasize the ... unique features offered by their products. b) Business owners should bring their products to marketing quickly before another company can create a similar product. c) Business owners should focus on pricing products correctly so customers will choose it over other products. d) Business owners should focus on other business functions since advertising will not impact the success of their products. 2. Which of the following goals differentiates entrepreneurs from other small business owners? A) Develop business to satisfy a need B) Primary goal is to make profit C) Primary goal is growth and expansion D) Develop the business to provide a quality of lif [Show More]

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