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Explain the three levels of production where business activity takes place and the main factors to be takes into account when choosing the location of a factory?
The 3 levels of production where business activity takes place are: 1. Subsistence level 2. Surplus level and 3. Domestic level. The main factors to be taken into account when choosing the location of a factory are: land, labour and capital.
Why might entrepreneurs have problems producing a business plan?
For several reasons, including being unsure: 1. Of the purposes of the business plan, and/or 2. Of themselves on 'where to begin' and/or 3. Of the components of the bp, and/or 4. Of the audience for the bp, and/or 5. Of the creation of the financial pro formas, and/or 6. Any other number of reasons.
Why do small business fail?
There are many reasons why small businesses fail. The most common reasons are: * Poor planning * Weak or inexperienced management * Inadequate financing * Poor location * Unexpected growth * Increased competition * Low sales * Lack of willingness to continually evaluate the business and make changes If you are willing to work hard, have experience operating the type of small business you wish to start and plan, plan, plan...success can be yours. _ The small business does not show the customer how they are better than the competition. Perception means more than reality in small business survival.
Why is it important for a business to have a business plan?
There are multiple reasons for a business plan, including but not limited to: 1. A business plan provides the direction for the company (direction defined as the goals/objectives and the strategies/tactics to achieve these goals/objectives), 2. A business plan will help the entrepreneur identify the risks associated with the business (market risks, economic risks, competitive risks, management risks). 3. A business plan will form the foundation for the development of required capitalization documents.
Advantages of entrepreneurship?
There are many reasons why entrepreneurship is important. This is the main driver of the economy and it is used to create wealth and offer employment opportunities.Entrepreneurs bring ideas to life. "If you know that you will not find peace in your life until your vision becomes a reality, you are willing to invest valuable resources, and acquire new knowledge" it could be time to start your own business.
Could you outline three reasons to justify location?
Out line 3 reason to justify location
What are the 3 main reasons for the Nazi's being so justify during the holocaust?
What do you mean by 'justify' in the question?
Why you generate only 3 phase power not more than that?
Because 3 phases are sufficient. For the vast majority of applications of electric power there are no scientific, engineering, business or economic reasons to justify spending the extra money which would be needed to generate electricity in 4 phases or more.
What is 3 Major reasons why Miami's population grew?
location, climate, area
Why does American came here in the Philippines?
For business or vacation or to marry someone. top 3 reasons there.
What are the three reasons of the annexation of Hawaii?
1. strategic military location 2. economic resources 3. trade/shipping
In what three ways did us supporters of expansion justify increased involvement in world affairs?
1. To stop Communism from spreading. 2. To try to bring about world peace. 3. Trade / Economics reasons
Three reason for the business legislation enacted?
Discuss THREE (3) reasons that business legislation has been enacted. Give illustration of each person.
Is 2/3 of 12 equal to 9 Justify your answer?
It's 8
Two reasons a person may want to establish a business?
1. to provide a service 2. to make a profit 3. to be self employed
What three habits should you create while reading a business transaction?
I am very happy when Iread business transactions for the following reasons: 1-forbetter performance of business plans 2-for preparing financial stetements 3-for preparing financial reports.
Explain the three levels of production where business activity takes place and the main factors to be takes into account when choosing the location of a factory?
The 3 levels of production where business activity takes place are: 1. Subsistence level 2. Surplus level and 3. Domestic level. The main factors to be taken into account when choosing the location of a factory are: land, labour and capital.
