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Success Factors for Business

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Success Factors for Business

Question

State FOUR FACTORS that can contribute to the success of a business.

Answer

(i) Presence of good infrastructure /well developed
(ii) Proper allocation of resources
(iii) Relevant entrepreneurial skills
(iv) Use of modern technology
(v) Availability of market
(vi) Availability of capital
(vii) Good customer relations
(viii) Favourable government policies.
(ix) Proper time management.