Objectives
- Identify the factors of production in an economic system
- Define the various degrees of competition in a free enterprise system
- Explain the concept of supply and demand
- Explain emerging challenges and opportunities related to the U.S. business environment
Assignment Overview
This assignment explores the evolution of American business, factors of supply and demand, the six types of business environments, and the four degrees of competition.
Deliverables
Answers to exercise questions
Step 1 Access the assignment handout.
The Business Environment (opens a new window) (Links to an external site.)Links to an external site.
Step 2
Complete the handout questions.
