Question

what are the basic requirements needed to start a new factory ​

Answer 1

Explanation:

Below are some of the most important factors you should consider before starting a manufacturing business.

• Demand for your product. ...

• Setup costs. ...

• Competition from other manufacturers. ...

• Previous experience, knowledge and qualifications. ...

• Finance available and finance options. ...

• Business location. ...

• Rules and regulations.

Answer 2

Below are some of the most important factors you should consider before starting a manufacturing business.

1. Demand for your product.
2. Demand for your product. Setup costs.
3. Demand for your product. Setup costs. Competition from other manufacturers.
4. Demand for your product. Setup costs. Competition from other manufacturers. Previous experience, knowledge and qualifications.
5. Demand for your product. Setup costs. Competition from other manufacturers. Previous experience, knowledge and qualifications. Finance available and finance options.
6. Demand for your product. Setup costs. Competition from other manufacturers. Previous experience, knowledge and qualifications. Finance available and finance options. Business location.
7. Demand for your product. Setup costs. Competition from other manufacturers. Previous experience, knowledge and qualifications. Finance available and finance options. Business location. Rules and regulations.