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Real-Life Activities

Real-Life Decision Making -- Solution

You open a picture framing business.

After all, it is less risky because you know you can make a success of it.

You begin to build your own customer base. A local art gallery starts to recommend you to their customers. However, it goes out of business within a year and offers you the chance to buy their remaining stock.

You decline because you are satisfied with your current business. The closing of the gallery only emphasizes your worries about the stability of art sales.

"Frame shops that sell art often do not have the staff or the art expertise to sell art. They accumulate thousands of dollars worth of art inventory, and fail because they can't sell it," says framer James Miller.