Explain the factors that an entrepreneur may consider when evaluating a business opportunity

      

Explain the environmental factors that an entrepreneur may consider when evaluating a business opportunity

  

Answers


elly
Customers; is the company able to sustain long term partnership with customers and ensure that they regularly purchase the products and or use the services
legal aspects; one should ensure that he has required the legal permits, registration and other legal documents depending on the state and on what type of business formation is selected
Competitors; one should know the competitors within the business environment, research on their weaknesses and strengths.
Economic factors; an entrepreneur should ensure that he has all the finance to start and manage the business.
23454 answered the question on March 18, 2018 at 06:51


Next: How can we improve domestic tourism and what will be the benefit?
Previous: What is in-house developed software?

View More Business Studies Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions