James lives near a university and observes that almost every student uses a cell phone. He decides to open a small shop offering repair services for cell phones. His shop is an instant success. James has satisfied an area of need called ________
A) the marketplace
B) fertile ground
C) an oversaturated demand
D) an opportunity niche
E) a bandwidth need
D
Explanation: D) The area of need that entrepreneurs try to satisfy when they start a business is called an opportunity niche.
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Gordon operates the Tennis Pro Shop in Blacksburg, Virginia. Tennis Pro has property as follows:Tennis Pro's Property:StateBeginning EndingDistrict of Columbia$43,021 $41,983Georgia$92,385 $83,024Virginia$1,331,919 $1,438,439Other$68,203 $68,203Totals$1,535,528 $1,631,649 What is Tennis Pro's Virginia property numerator and property factor? (Round the property factor to two places.)
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