Tom and his dad combined their love of baseball with a business venture.They purchased a small cart and began selling memorabilia outside of theirhometown stadium. Their first year went well, but the past two years havebeen quite a struggle. Due to poor economic conditions and the team'shorrible record, ticket sales at the stadium are down, which has significantlyhurt their sales as well. As a recent business graduate, you explain to themthatMultiple Choicethis type of business is always high riskbecause it is seasonal.social entrepreneurs are currently gettingmost of the attention.the business does not fill a sufficient needfor most people.environmental circumstances are dynamicand tough to control.

The given case states that Tom and his dad started a business venture of selling memorabilia outside…

Answered: Tom and his dad combined their love of…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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