INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Factors which influence a business location are:
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Geographical setting
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Availability of raw materials
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Access to roads, ports and other infrastructure
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Access to power and water supplies
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All of the above
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Explanation:
Detailed explanation-1: -Accessibility. Does your business rely on frequent deliveries? Security. Competition. Business Rates. Skill base in the area. Potential for growth. 16-Oct-2017
Detailed explanation-2: -The 7 factors which influence the decision of establishing an industry are: availability of raw materials, labour, capital, access to markets, availability of abundant power supply, modes of transportation like railways, roadways for transportation of finished goods, and raw materials; and availability of land.
Detailed explanation-3: -#1 – Customer Loyalty. #2 – Smart Adoption of Technology. #3 – Commitment to Employee Training. #4 – Social Responsibility. #5 – Leadership. Business Growth Through a Culture of Convenience.
There is 1 question to complete.