Simon Established a Startup

question 1

Multiple Choice

Simon established a startup.He wanted to secure a domain name and have a website to market and sell his products.In this regard,which of the following should be the first step?

• A) Acquire trademarks and copyrights in order to protect against piracy and to develop license agreements.
• B) Develop an impressive digital graphical user interface to market the products on the website.
• C) Provide contact information and good product catalogs.
• D) Market the products using advertisements and build a brand name.

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Definitions:

Julian Simon

An American economist known for his work on population, natural resources, and immigration, emphasizing that human ingenuity can solve many perceived problems.

Resource Prices

The costs associated with the factors of production, including land, labor, and capital.

Natural Resources

Resources that exist without any actions of humankind, obtained from the environment, often used to produce goods and services.

Solar Energy

The energy derived from the sun's rays, which is harnessed and converted into electricity using photovoltaic cells or other technologies.