7
AssignmentMultiple Select

Competition and Free Enterprise

Question 7 • 2102320-Economics HONORS - Edgenuity Teacher

Sample Response: By not hiring another employee, I will have to follow fewer government laws. Not having an additional employee will help keep my production costs down and allow me to sell my product for less. I will also ensure that all consumers know the ingredients of my yogurt. My strategies for competing with the other frozen-yogurt shop will work because lower prices will attract consumers. By advertising that our ingredients are natural, consumers will return. What did you include in your

Answer
A
at least one regulation that your business will have to follow
B
an explanation of how your business will become successful