BUISENESS MANAGEMENT
BUSINESS PLANNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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what can influence the success of an SME?
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Personal qualities, business idea, marketplace, luck
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business idea, marketplace, money and information
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personal qualities, business idea, number of competitors
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establishment structure, personal qualities, business idea and finance
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Explanation:
Detailed explanation-1: -These factors are: SMEs characteristic, management and know-how, products and services, Customer and Market, the way of doing business and cooperation, resources and finance, Strategy, and external environment.
Detailed explanation-2: -Although every one of them is just as important as the other one, the most important critical success factors for growing business will always be Money, Marketing and Product. Most business have the Product thing covered, delivering a good enough product or service to be successful.
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