-High demand /large market.
-Proper utilization of resources.
-Competition leads to quality goods.
-Adequate labor force.
-Stimulate technological development.
-Security due to numerical strength.
john3 answered the question on November 24, 2017 at 11:02
- The office is considered as a nerve centre in every business organizations.
Explain three reasons for this.(Solved)
The office is considered as a nerve centre in every business organizations.
Explain three reasons for this.
Date posted: November 24, 2017. Answers (1)
- Explain five benefits a business may enjoy when transacting business through internet.(Solved)
Explain five benefits a business may enjoy when transacting business through internet.
Date posted: November 24, 2017. Answers (1)
- Explain five benefits realized by a country that computes its National income.(Solved)
Explain five benefits realized by a country that computes its National income.
Date posted: November 24, 2017. Answers (1)
- Explain five ways in which the entrepreneur contributes to the production of goods(Solved)
Explain five ways in which the entrepreneur contributes to the production of goods.
Date posted: November 24, 2017. Answers (1)
- Outline the features of indirect production (Solved)
Outline the features of indirect production
Date posted: November 23, 2017. Answers (1)
- Explain five circumstances under which a country may realize surplus in its balance of payments.(Solved)
Explain five circumstances under which a country may realize surplus in its balance of payments.
Date posted: November 23, 2017. Answers (1)
- Explain five disadvantages of using direct taxes to raise government revenue(Solved)
Explain five disadvantages of using direct taxes to raise government revenue
Date posted: November 23, 2017. Answers (1)
- Outline five ways in which a society benefits from indirect production
(Solved)
Outline five ways in which a society benefits from indirect production
Date posted: November 23, 2017. Answers (1)
- Explain five benefit that a private limited company would get by converting to a public limited company
(Solved)
Explain five benefit that a private limited company would get by converting to a public limited company
Date posted: November 23, 2017. Answers (1)
- Why is it important to have a business plan?(Solved)
Why is it important to have a business plan?
Date posted: November 22, 2017. Answers (1)
- What are the items that may be included in a business plan?(Solved)
What are the items that may be included in a business plan?
Date posted: November 22, 2017. Answers (1)
- What is a business plan?(Solved)
What is a business plan?
Date posted: November 22, 2017. Answers (1)
- What are the external factors considered when starting or carrying out a business?(Solved)
What are the external factors considered when starting or carrying out a business?
Date posted: November 22, 2017. Answers (1)
- List four personal consideration when starting a business.(Solved)
List four personal consideration when starting a business.
Date posted: November 22, 2017. Answers (1)
- What does it mean to evaluate a business opportunity?(Solved)
What does it mean to evaluate a business opportunity?
Date posted: November 22, 2017. Answers (1)
- List five gaps a business can experience.(Solved)
List five gaps a business can experience.
Date posted: November 22, 2017. Answers (1)
- Define business opportunity(Solved)
Define business opportunity.
Date posted: November 22, 2017. Answers (1)
- Outline the different types of utilities.(Solved)
Outline the different types of utilities.
Date posted: November 22, 2017. Answers (1)
- Differentiate between goods and services(Solved)
Differentiate between goods and services
Date posted: November 22, 2017. Answers (1)
- What traits should an entrepreneur possess to make it in business?(Solved)
What traits should an entrepreneur possess to make it in business?
Date posted: November 22, 2017. Answers (2)