Read the scenario, and then answer the question. A pair of entrepreneurs have an idea for a diagnostic service business that will identify if patients have a specific type of disease. What are the most important factors to consider before they start their business?

how many people are tested for this disease every year, and how much cheaper their service will be than their competitors

how many hours they want to work every year, and how much faster their service will be than their competitors

how many people they plan to have working for them, and how much easier their service will be than their competitors

how many people suffer from this disease, and how many more goods they will offer than their competitors

Question

Guest

Business

3 October, 18:53

Read the scenario, and then answer the question. A pair of entrepreneurs have an idea for a diagnostic service business that will identify if patients have a specific type of disease. What are the most important factors to consider before they start their business?

how many people are tested for this disease every year, and how much cheaper their service will be than their competitors

how many hours they want to work every year, and how much faster their service will be than their competitors

how many people they plan to have working for them, and how much easier their service will be than their competitors

how many people suffer from this disease, and how many more goods they will offer than their competitors

+3

Answers (2)

Know the Answer?

Gaven Parker · Answer 1

I believe the answer is the first paragraph

Ashly Ellis · Answer 2

how many people are tested for this disease every year, and how much cheaper their service will be than their competitors

Explanation:

The entrepeneurs have to study mainly what is the cost in the market of the service that they are offering and then compare to the cost that they will be offering in order to see if it is competitive and if that works for them and the market that they are entering into, if it works for them then they should go ahead and promote their work and start their business.