Guiding Question: How do organizations respond ethically to the needs and wants of markets?
Starting a Business
To start a business, the organization will require an entrepreneur; An entrepreneur will organize and operate the business, but he/she will be required to take HUGE financial risks if his company fails to make profit. But, if he/she is successful in creating the business, he will make the money back overtime. To start a business, a lot of money is also required. They require money to build the product, test it, etc…
This is related to What is Business because without knowing what a business is, it is impossible to start one up.
This also allows us to understand how an organization (in the guiding question) is started in order to supply the needs and wants of markets.