Provide detailed and comprehensive information to support your answer. Where applicable, use examples to support your...

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Economics

Provide detailed and comprehensive information to support youranswer. Where applicable, use examples to support your answers.
1. What would be some of the risks involved in loaning a friendmoney to help start a business?
2. Why are contracts useful to business owners?
3. Explain the traditional production-distribution chain.
4. Explain why \"profits follow quality.\"
5. You may not be able to afford full-time employees for yourbusiness early on, but you can still hire quality people withouthaving to provide full-time salaries and benefits. Describe somemethods for doing so.

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4.1 Ratings (842 Votes)

1If the borrower fails to pay he may lose his money and damage an important personal relationship Receive the Best newsletter Lending money to a family member or friend is a risky proposition which can end very badly and Signing a loan can also cause personal and financial problems 2 Contracts bind the parties to their functions Contracts can guarantee payment and No one likes to be rigid about the See Answer

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