Factors that contribute to business success in the society

Explain five factors that contribute to business success in the society

  • availability of capital.
  • developed infrastructure.
  • availability of skilled labour.
  • government support.
  • access to markets / customs
  • aggressive marketing.
  • proper management of the debts
  • availability of security
  • ideal location
  • fair competition
  • availability of raw materials/ stock
  • good public relations
  • being creative & innovative / enterprising / technology
  • proper allocation of resources
  • proper record keeping
  • political stability




business success


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