Provide detailed and comprehensive information to support youranswer. Where applicable, use examples to support your answers.
1. What would be some of the risks involved in loaning a friendmoney to help start a business?
2. Why are contracts useful to business owners?
3. Explain the traditional production-distribution chain.
4. Explain why \"profits follow quality.\"
5. You may not be able to afford full-time employees for yourbusiness early on, but you can still hire quality people withouthaving to provide full-time salaries and benefits. Describe somemethods for doing so.
