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

Explain five factors that an entrepreneur would consider when evaluating a business idea

      

Explain five factors that an entrepreneur would consider when evaluating a business idea.

  

Answers


gideon
- Profit to be earned in order to cover all operational expenses
- Technology to be used in producing the product
- Availability of market/demand which should be adequate
- Government policy/legal requirement which should be favorable.
- Channel of distribution to ensure the product is available in the market.
- Competition which should be fair
- Capital which should be adequate to start.
- Input/supplies which should be minimal
- Payback period which should be reasonable in relation to amounts invested.
gideon1 answered the question on September 30, 2017 at 11:22


Next: Explain four features of monopoly as a form of product market.
Previous: Explain five factors that should be considered when choosing means of communication.

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


Learn High School English on YouTube

Related Questions