Which of the Following Is a Question Answered with Normative

question 186

Multiple Choice

Which of the following is a question answered with normative economic reasoning?

• A) If the college offers free parking for students, will more students drive to campus?
• B) If the college provided more financial aid assistance, would more students benefit?
• C) If the college increased tuition, would class size decline?
• D) Should the college cut tuition to stimulate enrollment?

Understand the concept of first-mover advantage and its impact on business success.

Recognize the importance of a business plan and the key components it should contain.

Identify the different forms of business ownership and the legal implications of each.

Understand the role of operational planning and marketing strategy in a business plan.

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