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You should consider the profitability and outlook of the small business, especially the industry in which it competes and the competition in your industry.

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11y ago

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Entrepreneurs looking for a business that gives them the best opportunity to get rich should consider starting a business in?

The agriculture sector


How do you name a business?

There are several factors to consider when selecting a name for your business. The type of business is the biggest influence. The name should relate to the type of business, it should make people want to take a look at your business. Just sit down and give it some thought, ask your friends, family and spouse, if married, for their opinions. Narrow it down to three or four then just give it a day or two, the one that sticks in your mind is the one to select.


Why should you think twice about buying a business that has a bad reputation?

When you acquire the business it'll still have a bad reputation, limiting its growth no matter how much you will improve it


What should a company consider before doing business in another country?

The company should consider what competition is over in the other country and other things like what parts of the economy are high in that country and last, the company should consider if there service is even wanted or needed in that country


What are four factors that a business must take into consideration when choosing a supplier?

The factors that a business should take into consideration when choosing a supplier are: - The price - the business must make sure the price is what they can afford, if the prices are too dear then the business should look elsewhere for a supplier. -The quality - Is the products of a good enough standard fr the business to use?, if they are not business should not use this supplier. -Reliability - business must make sure that the supplier will turn up when they have said they will. If not work will be delayed. -Time for deivery - how long does it take for the producs to be delivered? If business needs products within the ni=ext day and the supplier cannot do this it will result in work stopping and therefor the business will lose money. hope that helped, j

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