Business Decision Making

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  • Created by: AbbieOag
  • Created on: 01-11-18 14:21

Start-ups:

Start ups need to show potential investors there is a market for their product

Factors which start ups will consider:

  •  Is there a gap in the market?

  • Are there competitors?

  • Will the busiess make a profit?
  • What are the  current market trends?

  • What is the likely demand for the product?

  • How much will it cost to produce?

Developing a business:

Developing a business needs to generate new ideas; otherwise its products can be old and outdated and this can cause customersto switch and purchase competitors products. When making decisions, the business

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