Matt Plans to Open a Corner Store

question 3

Multiple Choice

Matt plans to open a corner store. The startup cost is approximately $10,000. Since Matt has only $2,500 with him, he decides to invite two of his friends-Brett and Brian-to join him in this venture. Who should write the business plan in this scenario?

• A) Only Brett and Brian-since they are contributing 75 percent of the initial investment
• B) Matt, Brett, and Brian-it should be a team effort
• C) It depends on who has paid the biggest share of the startup cost.
• D) Matt alone, since it was primarily his business plan

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Definitions:

Luxury Yachts

Luxury yachts are high-end, luxurious boats that are often equipped with sophisticated amenities and are used for personal or commercial pleasure.

Cartel Members

Firms or countries that collaborate to control prices and production in an industry, acting together rather than competing, often to maximize collective profits.

Cartel Members

Individuals or entities that form an agreement to control prices and limit competition within a market.

Collusive Agreement

A secret or illegal cooperation or conspiracy, especially between businesses, to cheat or deceive others, typically by fixing prices or rigging markets.