Question

Pick one good or service you would want to sell (supply) at Community College. List and very briefly explain at least 3 of the factors that you would consider before you decide whether you want to see at all, how much you want to sell and the price you would want to charge.

Answer 1

When deciding on a good or service to sell at Community College, consider demand, cost of production, and competition.

Step-by-step explanation:

When deciding on a good or service to sell at Community College, there are three factors to consider: demand, cost of production, and competition. Competition: Assess the level of competition for the chosen good or service. If there are already many suppliers offering the same product,

Demand: It is important to choose a good or service that is in demand among Community College students. Conduct market research to identify the needs and preferences of the target audience.

Competition: Assess the level of competition for the chosen good or service. If there are already many suppliers offering the same product, it may be challenging to enter the market. Analyze the uniqueness and value proposition of your offering.