Ron and Nick chose to start their own businesses. Ron wanted to start an ice cream shop, and Nick wanted to launch a television manufacturing company. Ron and Nick had equal amounts of funds on hand and no government regulations restricting them. Months later, however, Ron has already set up his business, while Nick is still struggling to raise additional funds to build a factory. What was the main factor that affected Nick’s business?
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Cost of production I believe
psycholove7666:
thanks
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To build a manufacturing company of any product,a large amount of funding and resources are mandatorily necessary.
And this amount of necessary funding is way more than the funding necessary for establishing a product selling shop.
To establish a manufacturing company,a well established economical background is also necessary.
A business fresher cannot directly establish a whole company.
That's why Nick's business was affecting.
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