Dax is evaluating the options between starting a business by himself or with a friend. In most situations, Dax prefers to be in charge; however, his friend has some expertise that would likely be helpful in running the business. Dax is carefully considering the pros and cons associated with the different types of business ownership. As he evaluates his options, what key question should he answer to help him determine if starting a business with his friend meets his needs?

Question

(1 point)
Responses

How much control of the business do you want?
How much control of the business do you want?

What do you want to name the business?
What do you want to name the business?

How will you determine where to market your product?
How will you determine where to market your product?

What do you want to pay to set up the business?

Answer 1

The key question Dax should answer to help him determine if starting a business with his friend meets his needs is:

How much control of the business do you want?

This question directly relates to Dax's preference for being in charge and will help him evaluate how a partnership might affect his level of control in the business.