Question

Before the opening of his sporting goods store, mr.stevens researches the types of sports equipment most likely to sell in his area. the knowledge gained in this research is an example of

Answer 1

human capital

Step-by-step explanation:

Human capital refers to the skills, knowledge, and experience an employer, or in this case an entrepreneur (Mr. Stevens) possesses that will help him perform his working tasks and obligations better. by carrying out his research, Mr. Stevens now knows what type of sports equipment his target market will be more willing to purchase. This researched increased Mr. Stevens knowledge about his target market.

Answer 2

The answer is human capital as this is the one responsible of affecting the perform labor in ways to produce an economic value with the use of knowledge, attributes, habits and even creativity in which Mr. Stevens demonstrates as he research in his benefit of having an economic value in his good store.