0
What information do you need before you can decide which type of business might be the most successful?
Wiki User
∙ 6y ago
Before I can choose a business, I need to know how much competition there is in my community. For example, if competition for outdoor footwear is high, the coffee shop might be the better choice. I also need to know which business has factors of production that are possible for me to meet. For example, how many employees would I need for each business?
Anonymous
Add your answer:
Earn +20 pts
How does a company decide whether it should enter international markets or not?
The awareness of the size of industry and potential production will decide whether a business should enter other markets
What is the system of a business in which individuals are free to decide what to produce how to produce it and at what price to sell it?
economic system
What is sunk cost?
It is a cost which is generally incurred to ascertain information about the project.Such costs help's the experts to decide whether to start a project or not. eg:- cost of survey, consultancy charges before initiation of projetc.
When trying to decide what to produce business's will look at the demand for their goods what type of economy best fits the description?
market A+
If a market system is based on consumer sovereignty then how can business decide what is to be produced?
Test market in a small region or area first.
What information does one need to gather before making a business plan?
Before making a business plan, one needs to decide what type of business they are going into, establish target consumers, plan a timeline, research and provide numbers to back up the plan and assumptions being made.
What are the advantages do young entrepreneurs have when launching a business?
Young entrepreneurs think creatively, which is good for them when they decide to launch a business. They also find solutions for traditional business constraints, which helps them run a successful business.
What are some basics a person needs to do before franchising their business?
Before you decide to franchise, you need to do your research. You could lose a significant amount of money if you do not investigate a business carefully before you buy.
When starting a new organization when does one need to decide upon the business entity they wish to engage in?
When starting a new organization, one must decide upon the business entity they wish to engage in right away. One must not continue on until they decide this information.
How does a business decide when to trade in or sell a vehicle?
they usually just sell or trade it in before 'they have to do any major repairs on it
Which part of the accounting cycle provides information to help a business decide whether to expand its operations?
financial statment
What is the importance of the balance sheet?
its snapshot of business.. and a kind of information for external or internal users, for to let them decide for to invest in company or vice vrsa
Where can I find small business leasing information?
Yes there are tons of real estate websites online, first just decide what part of town you want to open your business. then find an agent to help you.
Where can one compare business blance transfer credit cards?
You can compare business balance transfer credit cards by obtaining information from local financial institutions. One should gather the information from multiple banks to compare the benefits and decide what the best option is.
Where do I start to be able to lease a business?
When looking at leasing a business, do your homework first! Talk to several different companies before you decide which one to go with. Understand everything that is involved with leasing the business. Learn everything that you can before you make the choice where you want to be. There are a lot of factors that go into this decision.
How did you decide upon your chosen business functional area?
how did you decide what the area should be
What can you learn from a loan calculator?
Loan calculators can help you find a lot of information about investment. If you need more information, you should find more information and do more research before you decide to buy one.
