Get premium membership and access questions with answers, video lessons as well as revision papers.

Give characteristics of a good business idea

      

Give characteristics of a good business idea.

  

Answers


Lydia
Characteristics of a good business idea.
i) Easy to manage and involve minimal risk.
ii) Does not require excessive capital investments
iii) Offers a good returns on capital
iv) The idea has scope for growth, expansion and diversification
v) Comparative with owner’s goal and interest
vi) Not against expectation of the society
v) Has a short gestation period
vi) Has a readily available market
vii) Easy to exit when necessary.


lydiajane74 answered the question on May 8, 2018 at 01:40


Next: Explain the cultural factors inhibiting entrepreneurial development
Previous: Outline the purpose of pre-feasibility study (Market Research)

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


Learn High School English on YouTube

Related Questions