Problem
A. Choose a business that you would like to start. Answer the following questions:
a) What is the product or service your business will sell?
b) What business formation will you choose?
c) Why is the formation you chose best for the business?
B. Choose the best location for the business you chose. Develop a rationale for your choice including how the human, physical and transportation factors may affect your choice of location.
a) How will you take advantage of your opportunities?
b) What plan will be in place to minimize the threats to your new business?
c) What are some of the strengths that the business can utilize to gain a competitive edge in the market?