Question

In: Economics

40 Juanita had been thinking of creating a graphic designservice business for quite some time....

Juanita had been thinking of creating a graphic design service business for quite some time. As a single mom, she knew that she needed to be able work from home and she also has several leads for prospective customers. She is aware of how much cash flow she needs to cover her ongoing operating expenses. She is considering several ways to legally structure her new business, including working by herself or taking on a partner. Both ways needed more thought to determine what each would involve. In terms of the rational decision-making model, Juanita is in which step of the decision making process?

A Develop Alternatives.

B Describing and collecting Information.

C Defining the Situation.

D Determining which alternative is optimal.

Solutions

Expert Solution

"D"

She is evaluating the alternatives which would be best for her, she has to decide between working from home or getting herself a partner in the market. The answer is "D".


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