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Consider a Small Hair Styling Salon

question 160

Essay

Consider a small hair styling salon. List some examples of implicit costs of this business.


Definitions:

Crowdsourcing

is the practice of obtaining ideas, services, or content by soliciting contributions from a large group of people, especially from an online community.

Innovative Ideas

Original and creative concepts that bring new solutions to problems or introduce unique improvements.

Developing

The process involving growth, advancement, or improvement in skills, knowledge, or capabilities.

Implementing

The process of putting plans, strategies, or policies into action or effect to achieve specific goals or outcomes.

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