Suppose That You and a Friend Decide to Turn Your

question 27

Essay

Suppose that you and a friend decide to turn your favorite sports activity-inline skating-into a business. You plan to design a line of fashionable clothing that integrates elbow and kneepads. For each of the four macro strategies, briefly describe the most important thing your company should do if you intend to focus on that strategy. Your answers should be specific to the inline skating business.

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Definitions:

Title Search

The process of examining public records to verify the legal ownership of property and determine if there are any claims or liens against it.

Standard of Care

The level of carefulness and caution expected from someone who has a responsibility to act carefully.

Property

Assets or possessions that are owned by an individual or entity, which can be tangible or intangible.

Wrecking Ball

A heavy piece of equipment used for demolishing large structures, such as buildings, symbolizing significant or forceful change or destruction.