Answered

What factors determine the amount of startup money needed for a business?

A. The type of business and its location
B. The number of employees and their salaries
C. The quality of your marketing materials
D. The number of competitors in the market



Answer :

GinnyAnswer

Final answer:

The amount of startup money needed for a business is influenced by factors like business type, location, number of employees, salaries, and market competition.


Explanation:

The amount of startup money needed for a business is determined by several key factors:

  1. The type of business and its location: A business in a high-rent downtown area may require more startup funds than one in a suburban location.
  2. The number of employees and their salaries: Hiring more employees or offering higher salaries will increase the initial expenses.
  3. The number of competitors in the market: A competitive market may require more investment in marketing and product differentiation.

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