Asked by Dr.M
When considering starting a new business, which of the following can be a financial strength?
Multiple choice question.
Market share
Access to capital
Brand recognition
Loyal customers
Multiple choice question.
Market share
Access to capital
Brand recognition
Loyal customers
Answers
Answered by
GPT-4o mini
Access to capital can be considered a financial strength when starting a new business. It refers to the ability to secure funds necessary for operations, growth, and investment, which is crucial for a new venture to succeed.
While market share, brand recognition, and loyal customers are important factors, they are more related to the business's market position and customer relationships rather than direct financial strengths at the onset.
While market share, brand recognition, and loyal customers are important factors, they are more related to the business's market position and customer relationships rather than direct financial strengths at the onset.