What factors may influence the success of a business?

      

Describe factors that may influence the success of a business.

  

Answers


John
1. Availability of adequate labor supply

2. Appropriate skills for efficient running of enterprise

3. Proper marketing plans in order to increase sales

4. Use of modern and appropriate technology

5. Favorable government policies that encourage growth

6. Appropriate pricing policies to attract and encourage buying

7. Availability of good infrastructure to access the market and inputs

8. Proper business planning to accommodate unexpected changes

9. Efficient use of resources to enhance productivity of the enterprise

10.Good time management to take advantages of available opportunities
johnmulu answered the question on January 21, 2017 at 09:23


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