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Submitted By Danny2013
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Assignment one, Mar.28
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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? (Your opinion, supported by reasoning, not just a list from the text)

A. The factors that contribute to the rapid pace of change in business are human resources, capital, natural resources, entrepreneurship, and technology which all play a factor into a rapid change of pace. The pace is likely to increase because all of these factors are growing rapidly. In my opinion, the pace is likely to increase based on what we have seen in the past years. Just ten years ago we did not have sources like I-phones and drones as advanced as we do now, I-phones can now do many things via your watch. Drones can deliver things to your home by flying, people want faster pace things to make life for them easier and faster.

2. What role does entrepreneurship play in the economy? Who stands to gain from the success of individual entrepreneurs? How do other parties benefit?

A. The roles that entrepreneurship plays in this economy are being the key to the economy and its growth. It is my belief that everyone stands to gain from the success of individuals as a nation, and most economies support individual entrepreneurs. The whole economy is going to gain from an entrepreneur starting a business. Other parties benefit by being able to decrease the people they hire in their workplace and not pay as many employees. It helps by not creating a monopoly, as well as it provides most jobs for people.

3. When did American business begin to concentrate on customer needs? Why?

A. American businesses began to concentrating on costumers needs around the relationship era. These businesses focused on the customer’s satisfaction to try to get more regular customers, those that come often and will most likely

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