INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is a factor that affects the decision to start a business?
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Economic growth
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Globalization
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Government regulation
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Social responsibility
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Explanation:
Detailed explanation-1: -Some common factors are political, economic, social and technological (known as PEST analysis). Companies also study environmental, legal, ethical and demographical factors. The political factors affecting business are often given a lot of importance. Several aspects of government policy can affect business.
Detailed explanation-2: -Governments can make subsidies, taxing the general and giving the money to an industry, or tariffs, adding taxes to foreign products to raise prices and make domestic products more alluring. Higher taxes, fees, and greater regulations can impede businesses or entire industries.
There is 1 question to complete.