Ask Question
17 October, 19:11

Jordan wants to set up a lemonade stand. which economic question should jordan answer when deciding where to place his lemonade stand?

+2
Answers (1)
  1. 17 October, 19:20
    0
    I believe the answer is: For whom it should be produced.

    There are only 3 basic economic questions that should be asked before opening a business. What to produce, for whom it should be produced, and how to produce it.

    By knowing the target consumers, Jordan could determine the best possible place to set up his store that can be easily accessed by his target consumers.

    For example, if he produce the lemonade to children, he need to place the stand on the roads where many of the students cross on their way from school to home.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Jordan wants to set up a lemonade stand. which economic question should jordan answer when deciding where to place his lemonade stand? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers