What information do you need before you can decide which type of business might be the most successful? Be sure to give your answer in at least three to four sentences.

Question

Social Studies

Joaquin Soto

21 March, 23:36

What information do you need before you can decide which type of business might be the most successful? Be sure to give your answer in at least three to four sentences.

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Answers (2)

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Dixie Holland · Answer 1

The most successful business depends on the market for that business. food business is by far the best. you need the market for that business. without this you won't tell what will be successful.

Holder · Answer 2

Before I can choose a business, I need to know how much competition there is in my community. For example, if competition for outdoor footwear is high, the coffee shop might be the better choice. I also need to know which business has factors of production that are possible for me to meet. For example, how many employees would I need for each business?