Ask a Teacher

Search



What are the factors that must be considered before starting a business?
A business is also known as an enterprise' company or a firm is an organizational entity involved in the provision of goods and services to consumers.
The basic factors are:
  • Selection of line of business
  • Size of the firm
  • Choice of firm of ownership
  • Location of business enterprise
  • Financing the venture
  • Physical Facilities
  • Plant layout and production systems
  • Competent and committed workforce
  • Tax  Planning
  • Launching teh enterprise.


comments powered by Disqus