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Business, 02.12.2020 21:30 BLUE1700

Before I can choose a business, I need to know how much competition there is in my community. For example, if competition for outdoor footwear is high, the coffee shop might be the better choice. I also need to know which business has factors of production that are possible for me to meet. For example, how many employees would I need for each business? Which factors did you discuss in your response? Check all that apply.

A. analyzing existing competition within the area
B. considering supply and demand
C. figuring out the impact of factors of production

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