Corrie Sue Bettles
Chapter One
Business Now: Change Is the Only Constant

Review Questions

1. What factors contribute to the rapid pace of change in business? Is the pace likely to accelerate or decrease over the next decade? Why? Industries, and technologies rise and the also fall sometimes. In the next decade most Industries and Technologies will accelerate with the common buying of things.

2. What role does entrepreneurship play in the economy? Who stands to gain from the success of individual entrepreneurs? How do other parties benefit? Entrepreneurship plays a somewhat big thing for the economy. The employees of the entrepreneurship are the ones that gain from the success of the individual entrepreneurs. Other parties benefit by this, is because they get to take credit of what entrepreneurs should be getting.

3. When did American business begin to concentrate on customer needs? Why? The relationship era is when American businesses begin to concentrate on customer needs. That way they could keep building up their businesses by word of mouth from the customers.

4. How do nonprofit organizations compare to businesses? What role do nonprofits play in the economy? How do they interact with businesses? Nonprofit organizations play a critical role in the economy, often working hand in hand with businesses to improve the quanity of life in our society. Nonprofit organizations are still businesses in every other sense they employ people, they take revenue, they produce goods and services and contribute in significant ways to our region’s economic stability and growth. Many businesses work with nonprofits to boost their impact in the community.

5. What are the factors of production? How can economies grow when one or more of the factors is weak? There are four fundamental resources to achieve