Question

explain the various business environmental factors which you would like to consider while you think of start-up 10 marks​

Answer 1

Answer:

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Answer 2

Thinking of a start up, the environmental factors I would consider are :

- In any startup or entrepreneurship there are number of environmental factors one can consider.

- I would consider factors such as Venture capital availability, technically skilled labor force, accessibility of suppliers, accessibility of customers.

-These factors can have both negative as well positive influence depending upon the work.

- Start ups doesn't grow without environmental support.

- Presence of local market contacts, presence of industries, technical manpower these are mainly responsible for growth.

- The other factors that are important and should be considered are generic economic conditions, salary and taxation levels.