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Factors to be considered in the choice of a particular business?
Wiki User
∙ 13y ago
The main two factors to be consider are the capital or labor. which may easily available and less expensive will have to be chosen.
Wiki User
∙ 13y ago
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My views on Factors that control a choice of business, I belive they are 3 basics; land, labour and capital. Raw materials may fall in land due to accebility to tha minerals required. A business cannot be sustaind let alone start without capital, which is used to both acquire raw materials as wel as pay for labour. Skilled labour is also scarse hence may detaroriate ones business. Land required to set up the work station is always the first asset in the list. I hope that answers the question.
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