select the correct answer. ron and nick chose to start their own businesses. ron wanted to start an ice…

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 nicks business? a. an irrelevant business idea b. low demand for tvs in his country c. high start - up costs d. lack of labor

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 nicks business? a. an irrelevant business idea b. low demand for tvs in his country c. high start - up costs d. lack of labor

Answer

Brief Explanations:

Ron started an ice - cream shop and Nick a television manufacturing company. Nick is struggling to raise funds for a factory. Starting a television manufacturing company likely requires significant initial investment for setting up a factory, equipment, etc., which are high start - up costs. There's no indication of an irrelevant business idea, low TV demand, or lack of labor being the main issues.

Answer:

C. high start - up costs