Describe How Library and Internet Research Can Be Used to Generate

question 46

Essay

Describe how library and Internet research can be used to generate new business ideas.

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Definitions:

Competitive Equilibrium

Competitive Equilibrium is a state where supply equals demand, market resources are efficiently allocated, and no participant in the market can influence the price of goods or services.

Price Adjustment

The process by which prices of goods and services are altered to respond to changes in the market conditions.

Apples

A widely cultivated fruit that grows on apple trees, and is consumed worldwide for its sweet flavor.

Oranges

A citrus fruit known for its round shape and orange color, which is rich in vitamin C.