Instructions:Select the correct answer.
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 Nickâ€™s business?
an irrelevant business idea
low demand for TVs in his country
high start-up costs
lack of labor

Question

22-03-2018
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Instructions:Select the correct answer.
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 Nickâ€™s business?
an irrelevant business idea
low demand for TVs in his country
high start-up costs
lack of labor

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kaiiitlyns kaiiitlyns · Answer 1 · 2018-03-23T08:31:05+01:00

I believe its high start up costs because they both had the same amount of money however Ron was able to start up his company while Nick is having to raise additional funds.

It is also the only one that makes sense because there is no information provided about demand for tv's in his country and he doesn't even have a factory due to insufficient funds so its impossible to be lack of labor and "an irrelevant business idea" is just... dumb