explain the various factors of production which among them is the most important.why?
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hey here is your answer
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Things you must know to have an idea of your chance of success:
Market, regulations, transport (supplies and product), labour, plant, budget, cost of production, taxes, raw materials, competition, effect of climate and weather, shelf life of materials and product, warranty information, absorption rate, retailer markup
This is not a complete list, but it’s a pretty good start.
Lot’s of people learn by starting, and learn as they go. Failure rate is around 90% for startups, so don’t gamble more than you can afford to lose. Start and fail is the best way to learn. Most successful entrepreneurs failed a few times first.
mark as brainilist
___________________________
Things you must know to have an idea of your chance of success:
Market, regulations, transport (supplies and product), labour, plant, budget, cost of production, taxes, raw materials, competition, effect of climate and weather, shelf life of materials and product, warranty information, absorption rate, retailer markup
This is not a complete list, but it’s a pretty good start.
Lot’s of people learn by starting, and learn as they go. Failure rate is around 90% for startups, so don’t gamble more than you can afford to lose. Start and fail is the best way to learn. Most successful entrepreneurs failed a few times first.
mark as brainilist
Answered by
2
physical is important in that. i hope it is useful for you. so please mark me as brainiliest
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